Aceto Corporation (NASDAQ:ACET) SVP Steven Rogers sold 2,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $10.34, for a total value of $20,680.00. Following the sale, the senior vice president now directly owns 38,530 shares of the company’s stock, valued at $398,400.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Steven Rogers also recently made the following trade(s):
- On Wednesday, September 6th, Steven Rogers sold 2,050 shares of Aceto Corporation stock. The shares were sold at an average price of $10.47, for a total value of $21,463.50.
- On Wednesday, July 5th, Steven Rogers sold 2,285 shares of Aceto Corporation stock. The shares were sold at an average price of $15.45, for a total value of $35,303.25.
Shares of Aceto Corporation (NASDAQ:ACET) traded up 2.04% during midday trading on Monday, reaching $10.49. The company had a trading volume of 79,384 shares. Aceto Corporation has a 52-week low of $10.27 and a 52-week high of $22.46. The company’s 50-day moving average is $14.45 and its 200-day moving average is $14.90. The firm has a market cap of $315.84 million, a P/E ratio of 29.97 and a beta of 1.35.
Aceto Corporation (NASDAQ:ACET) last posted its earnings results on Thursday, August 24th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.17. The business had revenue of $194.60 million for the quarter, compared to the consensus estimate of $184.49 million. Aceto Corporation had a return on equity of 10.21% and a net margin of 1.78%. The business’s revenue was up 43.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Equities research analysts expect that Aceto Corporation will post $1.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.26 annualized dividend and a yield of 2.53%. Aceto Corporation’s dividend payout ratio is presently 74.29%.
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Several equities research analysts have recently commented on ACET shares. Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 target price (down from $19.00) on shares of Aceto Corporation in a report on Monday, August 28th. Zacks Investment Research raised Aceto Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine downgraded Aceto Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Aceto Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Aceto Corporation has a consensus rating of “Hold” and an average target price of $20.00.
Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Aceto Corporation by 3.9% during the first quarter. Principal Financial Group Inc. now owns 229,836 shares of the company’s stock worth $3,634,000 after acquiring an additional 8,546 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Aceto Corporation by 5.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 114,076 shares of the company’s stock worth $1,804,000 after acquiring an additional 6,156 shares in the last quarter. Denver Investment Advisors LLC lifted its holdings in Aceto Corporation by 1.3% during the second quarter. Denver Investment Advisors LLC now owns 887,443 shares of the company’s stock worth $13,711,000 after acquiring an additional 11,512 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Aceto Corporation by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,396,238 shares of the company’s stock worth $37,885,000 after acquiring an additional 218,781 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Aceto Corporation by 2.8% during the fourth quarter. Teachers Advisors LLC now owns 48,713 shares of the company’s stock worth $1,070,000 after acquiring an additional 1,307 shares in the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.
About Aceto Corporation
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.
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