Acme United Co. (NYSE:ACU - Get Free Report) COO Brian S. Olschan sold 1,219 shares of the firm's stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $40.30, for a total value of $49,125.70. Following the transaction, the chief operating officer now owns 41,103 shares in the company, valued at $1,656,450.90. The sale was disclosed in a document filed with the SEC, which is available at this link.
Acme United Stock Performance
Shares of NYSE ACU traded up $0.31 during mid-day trading on Friday, reaching $39.74. 3,458 shares of the company's stock were exchanged, compared to its average volume of 24,007. The firm has a market capitalization of $145.45 million, a price-to-earnings ratio of 16.88 and a beta of 0.73. Acme United Co. has a 52 week low of $23.24 and a 52 week high of $50.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.51 and a quick ratio of 1.90. The firm has a 50-day moving average price of $42.38 and a two-hundred day moving average price of $42.53.
Acme United (NYSE:ACU - Get Free Report) last released its earnings results on Friday, April 19th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. Acme United had a return on equity of 9.60% and a net margin of 9.67%. The company had revenue of $44.96 million for the quarter, compared to analysts' expectations of $48.50 million. Analysts predict that Acme United Co. will post 2.53 EPS for the current year.
Acme United Dividend Announcement
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The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Wednesday, March 27th. Acme United's payout ratio is presently 12.50%.
Analyst Ratings Changes
Several brokerages have weighed in on ACU. StockNews.com cut Acme United from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 1st. TheStreet upgraded Acme United from a "c+" rating to a "b" rating in a research note on Wednesday, February 14th.
View Our Latest Stock Analysis on ACU
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC grew its holdings in shares of Acme United by 71.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 26,755 shares of the company's stock worth $1,257,000 after purchasing an additional 11,113 shares in the last quarter. Acadian Asset Management LLC lifted its position in Acme United by 117.3% in the 1st quarter. Acadian Asset Management LLC now owns 29,872 shares of the company's stock worth $1,400,000 after buying an additional 16,128 shares during the last quarter. Vanguard Group Inc. lifted its position in Acme United by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 142,858 shares of the company's stock worth $6,713,000 after buying an additional 10,675 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Acme United by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,958 shares of the company's stock worth $750,000 after buying an additional 1,338 shares during the last quarter. Finally, Evercore Wealth Management LLC bought a new stake in Acme United in the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 62.10% of the company's stock.
About Acme United
(
Get Free Report)
Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.
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