AEP Industries Inc. (NASDAQ:AEPI) major shareholder Ksa Capital Management, Llc sold 130,000 shares of the stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $111.33, for a total transaction of $14,472,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of AEP Industries Inc. (NASDAQ:AEPI) opened at 111.59 on Wednesday. The firm has a market capitalization of $570.56 million, a PE ratio of 14.85 and a beta of 0.92. AEP Industries Inc. has a 52 week low of $55.94 and a 52 week high of $112.38. The company has a 50-day moving average of $99.08 and a 200-day moving average of $78.31.

AEP Industries (NASDAQ:AEPI) last released its earnings results on Friday, September 9th. The company reported $1.22 earnings per share (EPS) for the quarter. The firm had revenue of $283.69 million for the quarter. AEP Industries had a return on equity of 37.72% and a net margin of 3.55%. On average, equities analysts forecast that AEP Industries Inc. will post $1.91 earnings per share for the current fiscal year.

Separately, TheStreet raised shares of AEP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, June 28th.

About AEP Industries

AEP Industries Inc is a manufacturer of plastic packaging films in North America. The Company is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries.

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