Schwab Charles Investment Management Inc. increased its stake in Aceto Co. (NASDAQ:ACET) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 121,062 shares of the company’s stock after purchasing an additional 6,302 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.40% of Aceto worth $1,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Aceto by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,530,011 shares of the company’s stock worth $39,089,000 after purchasing an additional 133,773 shares during the last quarter. Northern Trust Corp lifted its holdings in Aceto by 18.2% in the 2nd quarter. Northern Trust Corp now owns 1,556,429 shares of the company’s stock worth $24,047,000 after purchasing an additional 239,212 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Aceto by 14.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,545,990 shares of the company’s stock worth $23,887,000 after purchasing an additional 191,584 shares during the last quarter. State Street Corp lifted its holdings in Aceto by 1.6% in the 2nd quarter. State Street Corp now owns 813,664 shares of the company’s stock worth $12,574,000 after purchasing an additional 13,159 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Aceto by 49.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 494,739 shares of the company’s stock worth $7,646,000 after purchasing an additional 163,046 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Aceto Co. (NASDAQ ACET) opened at $11.22 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $336.02, a P/E ratio of 53.43, a price-to-earnings-growth ratio of 1.04 and a beta of 1.38. Aceto Co. has a 1 year low of $8.29 and a 1 year high of $20.00.

Aceto (NASDAQ:ACET) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company had revenue of $185.26 million for the quarter, compared to the consensus estimate of $190.58 million. Aceto had a return on equity of 10.18% and a net margin of 1.07%. The company’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. equities analysts anticipate that Aceto Co. will post 1.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 18th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, December 15th. Aceto’s dividend payout ratio is currently 123.82%.

ACET has been the subject of several analyst reports. Canaccord Genuity set a $15.00 target price on Aceto and gave the stock a “buy” rating in a report on Monday, October 30th. BidaskClub lowered Aceto from a “sell” rating to a “strong sell” rating in a report on Friday, December 15th. Zacks Investment Research lowered Aceto from a “hold” rating to a “strong sell” rating in a report on Thursday, November 9th. Finally, ValuEngine lowered Aceto from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Aceto currently has an average rating of “Hold” and an average target price of $15.00.

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Aceto Company Profile

Aceto Corporation (Aceto) is engaged in the 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.

Institutional Ownership by Quarter for Aceto (NASDAQ:ACET)

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