Other analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Aceto Corporation from a hold rating to a buy rating in a research report on Wednesday, September 13th. BidaskClub downgraded shares of Aceto Corporation from a buy rating to a hold rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded shares of Aceto Corporation from a sell rating to a hold rating in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Aceto Corporation has an average rating of Hold and an average target price of $18.00.
Shares of Aceto Corporation (NASDAQ ACET) traded down $0.10 during trading on Monday, hitting $9.08. 255,733 shares of the stock traded hands, compared to its average volume of 393,638. Aceto Corporation has a fifty-two week low of $8.29 and a fifty-two week high of $22.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.46 and a current ratio of 2.06. The firm has a market cap of $295.69, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38.
Aceto Corporation (NASDAQ:ACET) last issued its earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. Aceto Corporation had a net margin of 1.07% and a return on equity of 10.18%. The business had revenue of $185.26 million during the quarter, compared to analysts’ expectations of $190.58 million. During the same quarter in the prior year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 44.7% on a year-over-year basis. analysts expect that Aceto Corporation will post 1.1 earnings per share for the current year.
In other Aceto Corporation news, Chairman Albert L. Eilender sold 9,530 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $10.47, for a total transaction of $99,779.10. Following the completion of the transaction, the chairman now owns 307,028 shares in the company, valued at approximately $3,214,583.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Walter J. Kaczmarek III sold 2,635 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $10.57, for a total transaction of $27,851.95. Following the transaction, the chief operating officer now owns 72,817 shares of the company’s stock, valued at approximately $769,675.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,283 shares of company stock valued at $275,189. 4.10% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in Aceto Corporation by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 229,836 shares of the company’s stock worth $3,634,000 after buying an additional 8,546 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Aceto Corporation by 5.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 114,076 shares of the company’s stock worth $1,804,000 after buying an additional 6,156 shares during the last quarter. Fisher Asset Management LLC raised its position in Aceto Corporation by 12.1% during the 3rd quarter. Fisher Asset Management LLC now owns 154,668 shares of the company’s stock worth $1,737,000 after buying an additional 16,650 shares during the last quarter. Denver Investment Advisors LLC raised its position in Aceto Corporation by 1.3% during the 2nd quarter. Denver Investment Advisors LLC now owns 887,443 shares of the company’s stock worth $13,711,000 after buying an additional 11,512 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Aceto Corporation by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,396,238 shares of the company’s stock worth $37,885,000 after buying an additional 218,781 shares during the last quarter. Institutional investors own 80.44% of the company’s stock.
Aceto Corporation 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.
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