Dimensional Fund Advisors LP raised its stake in Ampco-Pittsburgh Corporation (NYSE:AP) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 572,893 shares of the industrial products company’s stock after buying an additional 27,996 shares during the period. Dimensional Fund Advisors LP’s holdings in Ampco-Pittsburgh Corporation were worth $8,049,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ampco-Pittsburgh Corporation by 1.6% in the first quarter. Vanguard Group Inc. now owns 429,156 shares of the industrial products company’s stock valued at $6,030,000 after buying an additional 6,826 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Ampco-Pittsburgh Corporation by 1.5% in the first quarter. Parametric Portfolio Associates LLC now owns 16,643 shares of the industrial products company’s stock valued at $234,000 after buying an additional 243 shares during the period. Gabelli Funds LLC increased its stake in shares of Ampco-Pittsburgh Corporation by 4.5% in the first quarter. Gabelli Funds LLC now owns 533,508 shares of the industrial products company’s stock valued at $7,496,000 after buying an additional 23,100 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Ampco-Pittsburgh Corporation by 0.4% in the first quarter. Gamco Investors INC. ET AL now owns 1,578,772 shares of the industrial products company’s stock valued at $22,182,000 after buying an additional 6,308 shares during the period. Finally, Teton Advisors Inc. increased its stake in shares of Ampco-Pittsburgh Corporation by 8.0% in the first quarter. Teton Advisors Inc. now owns 475,356 shares of the industrial products company’s stock valued at $6,679,000 after buying an additional 35,356 shares during the period. Institutional investors and hedge funds own 55.90% of the company’s stock.
Shares of Ampco-Pittsburgh Corporation (NYSE AP) traded down 0.916% during midday trading on Wednesday, hitting $13.525. 3,336 shares of the stock traded hands. Ampco-Pittsburgh Corporation has a one year low of $9.34 and a one year high of $18.25. The stock’s market cap is $167.17 million. The firm has a 50-day moving average price of $14.19 and a 200 day moving average price of $14.71.
Ampco-Pittsburgh Corporation (NYSE:AP) last announced its earnings results on Tuesday, August 8th. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. The business had revenue of $110.55 million during the quarter, compared to analysts’ expectations of $108 million. Ampco-Pittsburgh Corporation had a negative net margin of 18.73% and a negative return on equity of 25.72%. Analysts anticipate that Ampco-Pittsburgh Corporation will post ($0.48) earnings per share for the current year.
Several brokerages have recently weighed in on AP. Janney Montgomery Scott upgraded shares of Ampco-Pittsburgh Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $22.00 in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Ampco-Pittsburgh Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 20th.
Ampco-Pittsburgh Corporation Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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