Steven Rogers Sells 2,400 Shares of Aceto Corp. (ACET) Stock
Aceto Corp. (NASDAQ:ACET) SVP Steven Rogers sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $19.53, for a total value of $46,872.00. Following the completion of the transaction, the senior vice president now directly owns 21,280 shares in the company, valued at $415,598.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Steven Rogers also recently made the following trade(s):
- On Tuesday, September 6th, Steven Rogers sold 2,167 shares of Aceto Corp. stock. The shares were sold at an average price of $20.04, for a total value of $43,426.68.
Shares of Aceto Corp. (NASDAQ:ACET) opened at 19.74 on Friday. The firm has a market cap of $593.21 million, a price-to-earnings ratio of 19.54 and a beta of 1.46. The stock has a 50 day moving average price of $18.70 and a 200 day moving average price of $21.37. Aceto Corp. has a one year low of $15.69 and a one year high of $28.55.
Aceto Corp. (NASDAQ:ACET) last posted its earnings results on Friday, November 4th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $128.02 million for the quarter, compared to the consensus estimate of $132.88 million. Aceto Corp. had a return on equity of 13.91% and a net margin of 5.40%. Aceto Corp.’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. On average, equities research analysts forecast that Aceto Corp. will post $1.51 EPS for the current year.
A number of brokerages have recently weighed in on ACET. Zacks Investment Research upgraded Aceto Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Craig Hallum reiterated a “buy” rating on shares of Aceto Corp. in a report on Monday, August 29th. Finally, First Analysis downgraded Aceto Corp. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $23.00 to $21.00 in a research note on Monday, November 14th.
Several institutional investors have recently bought and sold shares of the company. Royce & Associates LP boosted its stake in Aceto Corp. by 187.2% in the second quarter. Royce & Associates LP now owns 1,215,573 shares of the company’s stock worth $26,609,000 after buying an additional 792,383 shares in the last quarter. Wellington Management Group LLP boosted its stake in Aceto Corp. by 52.9% in the first quarter. Wellington Management Group LLP now owns 1,218,325 shares of the company’s stock valued at $28,703,000 after buying an additional 421,665 shares during the period. Hillcrest Asset Management LLC purchased a new stake in Aceto Corp. during the first quarter valued at approximately $9,430,000. BlackRock Fund Advisors boosted its stake in Aceto Corp. by 7.9% in the third quarter. BlackRock Fund Advisors now owns 2,069,486 shares of the company’s stock valued at $39,300,000 after buying an additional 150,818 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in Aceto Corp. during the second quarter valued at approximately $2,588,000. Institutional investors and hedge funds own 86.43% of the company’s stock.
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About Aceto Corp.
Aceto Corporation (Aceto) is engaged in 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.
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