ASV (ASV) Upgraded to Hold by Zacks Investment Research
Zacks Investment Research upgraded shares of ASV (NASDAQ:ASV) from a sell rating to a hold rating in a research report sent to investors on Friday.
According to Zacks, “ASV Holdings Inc. is a designer and manufacturer of compact construction equipment which consists of loader and skid steer loader equipment. It operates primarily in North America, Australia and New Zealand. ASV Holdings Inc. is based in Grand Rapids, United States. “
A number of other brokerages also recently issued reports on ASV. Roth Capital set a $12.00 price target on ASV and gave the stock a buy rating in a research report on Tuesday, August 8th. Barrington Research initiated coverage on ASV in a research report on Tuesday, November 21st. They set an outperform rating and a $11.25 price target on the stock.
Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new stake in shares of ASV in the 2nd quarter valued at $182,000. Spark Investment Management LLC acquired a new stake in shares of ASV in the 2nd quarter valued at $200,000. Neuberger Berman Group LLC acquired a new stake in shares of ASV in the 2nd quarter valued at $939,000. Royce & Associates LP acquired a new stake in shares of ASV in the 2nd quarter valued at $1,133,000. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in shares of ASV in the 2nd quarter valued at $1,877,000. 41.22% of the stock is currently owned by hedge funds and other institutional investors.
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ASV Company Profile
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
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