Dimensional Fund Advisors LP Has $37.89 Million Stake in Aceto Corporation (ACET)

Dimensional Fund Advisors LP increased its stake in Aceto Corporation (NASDAQ:ACET) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,396,238 shares of the company’s stock after buying an additional 218,781 shares during the period. Dimensional Fund Advisors LP’s holdings in Aceto Corporation were worth $37,885,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ACET. Russell Investments Group Ltd. bought a new position in Aceto Corporation during the fourth quarter valued at $1,077,000. Comerica Bank increased its position in Aceto Corporation by 6.0% in the fourth quarter. Comerica Bank now owns 31,814 shares of the company’s stock valued at $658,000 after buying an additional 1,814 shares during the last quarter. State Street Corp increased its position in Aceto Corporation by 3.4% in the fourth quarter. State Street Corp now owns 697,707 shares of the company’s stock valued at $15,330,000 after buying an additional 23,185 shares during the last quarter. Two Sigma Investments LP bought a new position in Aceto Corporation during the fourth quarter valued at $835,000. Finally, Teachers Advisors LLC increased its position in Aceto Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 48,713 shares of the company’s stock valued at $1,070,000 after buying an additional 1,307 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Shares of Aceto Corporation (NASDAQ ACET) opened at 15.89 on Friday. The stock has a 50 day moving average price of $15.65 and a 200-day moving average price of $15.43. Aceto Corporation has a 12 month low of $13.50 and a 12 month high of $25.98. The stock has a market cap of $478.29 million, a P/E ratio of 30.32 and a beta of 1.27.

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ACET has been the subject of several recent research reports. Zacks Investment Research downgraded Aceto Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. ValuEngine downgraded Aceto Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded Aceto Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Canaccord Genuity started coverage on Aceto Corporation in a research report on Monday, July 31st. They set a “buy” rating and a $19.00 price target for the company. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Aceto Corporation currently has an average rating of “Hold” and an average target price of $21.33.

In other news, SVP Steven Rogers sold 2,285 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $15.45, for a total value of $35,303.25. Following the transaction, the senior vice president now directly owns 18,995 shares of the company’s stock, valued at $293,472.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Walter J. Kaczmarek III sold 7,083 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $16.57, for a total transaction of $117,365.31. Following the transaction, the chief operating officer now directly owns 47,917 shares in the company, valued at $793,984.69. The disclosure for this sale can be found here. Insiders sold 33,065 shares of company stock valued at $515,271 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

About Aceto Corporation

Aceto Corporation (Aceto) is engaged in the marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.

Institutional Ownership by Quarter for Aceto Corporation (NASDAQ:ACET)

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