Acme United (NYSE:ACU) Upgraded to Buy by StockNews.com

Acme United (NYSE:ACUGet Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Acme United Stock Down 1.2 %

Shares of NYSE:ACU traded down $0.42 during trading on Wednesday, hitting $34.02. The company’s stock had a trading volume of 3,866 shares, compared to its average volume of 23,257. Acme United has a fifty-two week low of $24.50 and a fifty-two week high of $50.99. The stock’s 50-day moving average price is $36.98 and its two-hundred day moving average price is $41.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.90 and a current ratio of 4.51. The company has a market capitalization of $124.51 million, a PE ratio of 7.09 and a beta of 0.66.

Acme United (NYSE:ACUGet Free Report) last released its earnings results on Friday, April 19th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $44.96 million during the quarter, compared to analysts’ expectations of $48.50 million. Acme United had a return on equity of 9.60% and a net margin of 9.67%. As a group, sell-side analysts expect that Acme United will post 2.53 EPS for the current year.

Insider Activity at Acme United

In related news, COO Brian S. Olschan sold 1,219 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $40.30, for a total transaction of $49,125.70. Following the sale, the chief operating officer now directly owns 41,103 shares of the company’s stock, valued at approximately $1,656,450.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Brian S. Olschan sold 1,219 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $40.30, for a total transaction of $49,125.70. Following the completion of the transaction, the chief operating officer now directly owns 41,103 shares of the company’s stock, valued at $1,656,450.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian S. Olschan sold 1,320 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $42.08, for a total value of $55,545.60. Following the sale, the chief operating officer now owns 41,103 shares in the company, valued at $1,729,614.24. The disclosure for this sale can be found here. Insiders sold a total of 15,905 shares of company stock valued at $658,194 over the last three months. 33.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Acme United

Several large investors have recently made changes to their positions in the company. Evercore Wealth Management LLC bought a new position in Acme United in the 4th quarter valued at about $219,000. Ritholtz Wealth Management bought a new position in shares of Acme United in the fourth quarter valued at approximately $223,000. Janney Montgomery Scott LLC increased its stake in shares of Acme United by 17.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,620 shares of the company’s stock valued at $627,000 after acquiring an additional 2,204 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Acme United by 71.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 26,755 shares of the company’s stock valued at $1,257,000 after acquiring an additional 11,113 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Acme United by 117.3% during the first quarter. Acadian Asset Management LLC now owns 29,872 shares of the company’s stock worth $1,400,000 after purchasing an additional 16,128 shares in the last quarter. Institutional investors and hedge funds own 62.10% of the company’s stock.

About Acme United

(Get Free Report)

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.

Further Reading

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