Ampco-Pittsburgh Corp (NYSE:AP) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price objective of $21.00 for the company and are expecting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ampco-Pittsburgh an industry rank of 49 out of 265 based on the ratings given to its competitors.
Several brokerages have commented on AP. Zacks Investment Research downgraded Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. ValuEngine downgraded Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd.
In other news, major shareholder Louis Berkman Investment Co sold 2,532 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $12.05, for a total value of $30,510.60. Following the transaction, the insider now directly owns 1,420,780 shares of the company’s stock, valued at approximately $17,120,399. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 46,487 shares of company stock worth $536,355 over the last three months. 29.90% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new position in shares of Ampco-Pittsburgh in the 3rd quarter valued at about $132,000. Nationwide Fund Advisors increased its position in Ampco-Pittsburgh by 36.4% in the 2nd quarter. Nationwide Fund Advisors now owns 9,804 shares of the industrial products company’s stock valued at $145,000 after buying an additional 2,615 shares in the last quarter. Wells Fargo & Company MN increased its position in Ampco-Pittsburgh by 137.8% in the 4th quarter. Wells Fargo & Company MN now owns 14,950 shares of the industrial products company’s stock valued at $185,000 after buying an additional 8,664 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Ampco-Pittsburgh in the 2nd quarter valued at about $205,000. Finally, ClariVest Asset Management LLC bought a new stake in Ampco-Pittsburgh in the 3rd quarter valued at about $220,000. 56.89% of the stock is currently owned by institutional investors.
Shares of Ampco-Pittsburgh (NYSE:AP) traded down $0.45 on Monday, reaching $10.55. The company’s stock had a trading volume of 26,465 shares, compared to its average volume of 36,232. The firm has a market cap of $130.41, a P/E ratio of -2.49 and a beta of 1.60. Ampco-Pittsburgh has a 52-week low of $9.60 and a 52-week high of $18.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 0.98.
Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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