Aberdeen Asset Management PLC UK boosted its position in Multi-Color Corporation (NASDAQ:LABL) by 11.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 781,972 shares of the business services provider’s stock after buying an additional 79,974 shares during the period. Aberdeen Asset Management PLC UK owned 4.61% of Multi-Color Corporation worth $55,520,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LABL. State of Alaska Department of Revenue raised its stake in shares of Multi-Color Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,460 shares of the business services provider’s stock worth $103,000 after buying an additional 40 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Multi-Color Corporation by 2.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,910 shares of the business services provider’s stock worth $192,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Multi-Color Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 5,400 shares of the business services provider’s stock worth $383,000 after buying an additional 100 shares during the last quarter. Atria Investments LLC raised its stake in shares of Multi-Color Corporation by 4.2% in the first quarter. Atria Investments LLC now owns 2,944 shares of the business services provider’s stock worth $209,000 after buying an additional 119 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Multi-Color Corporation by 7.1% in the first quarter. Mason Street Advisors LLC now owns 3,091 shares of the business services provider’s stock worth $219,000 after buying an additional 205 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Multi-Color Corporation (NASDAQ:LABL)

Shares of Multi-Color Corporation (NASDAQ:LABL) traded up 2.20% on Friday, reaching $85.90. 124,450 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $81.18 and a 200-day moving average price of $76.09. Multi-Color Corporation has a 12-month low of $59.34 and a 12-month high of $88.25. The company has a market cap of $1.46 billion, a PE ratio of 23.99 and a beta of 0.91.

Multi-Color Corporation (NASDAQ:LABL) last announced its quarterly earnings data on Tuesday, May 30th. The business services provider reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.13. Multi-Color Corporation had a return on equity of 16.99% and a net margin of 6.61%. The business had revenue of $244 million during the quarter, compared to the consensus estimate of $235.95 million. During the same period in the previous year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Multi-Color Corporation will post $3.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Thursday, May 11th. Multi-Color Corporation’s dividend payout ratio is presently 5.59%.

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Separately, Zacks Investment Research raised shares of Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $78.60.

In related news, CFO Sharon E. Birkett sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $86.20, for a total value of $431,000.00. Following the completion of the transaction, the chief financial officer now directly owns 6,342 shares of the company’s stock, valued at $546,680.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles B. Connolly sold 8,700 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $85.06, for a total value of $740,022.00. Following the completion of the transaction, the director now directly owns 3,470 shares of the company’s stock, valued at $295,158.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,700 shares of company stock valued at $3,330,772. Corporate insiders own 20.20% of the company’s stock.

About Multi-Color Corporation

Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.

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