Acme United Co. (ACU) Raised to Buy at ValuEngine
Acme United Co. (NYSEMKT:ACU) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, October 2nd.
Shares of Acme United (NYSEMKT ACU) traded up 1.02% on Monday, hitting $24.85. 6,446 shares of the stock were exchanged. The stock has a market cap of $83.77 million, a PE ratio of 16.46 and a beta of 0.53. Acme United has a 52-week low of $19.49 and a 52-week high of $29.49. The company’s 50 day moving average is $24.47 and its 200-day moving average is $26.82.
Acme United (NYSEMKT:ACU) last announced its earnings results on Tuesday, July 25th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.25). Acme United had a net margin of 7.33% and a return on equity of 23.79%. The company had revenue of $38.85 million for the quarter, compared to analysts’ expectations of $45.20 million. Analysts predict that Acme United will post $1.75 EPS for the current fiscal year.
In other news, CEO Walter C. Johnsen sold 2,104 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $27.12, for a total transaction of $57,060.48. Following the transaction, the chief executive officer now owns 307,610 shares of the company’s stock, valued at approximately $8,342,383.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Walter C. Johnsen sold 2,108 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $27.12, for a total value of $57,168.96. Following the transaction, the chief executive officer now directly owns 307,610 shares in the company, valued at approximately $8,342,383.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,662 shares of company stock valued at $126,640.
A number of large investors have recently made changes to their positions in the stock. MPS Loria Financial Planners LLC bought a new stake in shares of Acme United in the 2nd quarter worth approximately $144,000. ZPR Investment Management lifted its position in shares of Acme United by 0.4% during the 2nd quarter. ZPR Investment Management now owns 13,581 shares of the company’s stock worth $388,000 after buying an additional 54 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Acme United by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 123,015 shares of the company’s stock worth $3,518,000 after buying an additional 7,959 shares during the period. Advisor Group Inc. bought a new position in shares of Acme United during the 2nd quarter worth approximately $447,000. Finally, FMR LLC bought a new position in shares of Acme United during the 2nd quarter worth approximately $815,000.
About Acme United
Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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