Insider Selling: Ampco-Pittsburgh Corp (AP) Major Shareholder Sells $30,510.60 in Stock

Ampco-Pittsburgh Corp (NYSE:AP) major shareholder Louis Berkman Investment Co sold 2,532 shares of Ampco-Pittsburgh stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $12.05, for a total transaction of $30,510.60. Following the completion of the transaction, the insider now owns 1,420,780 shares of the company’s stock, valued at approximately $17,120,399. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Louis Berkman Investment Co also recently made the following trade(s):

  • On Monday, February 5th, Louis Berkman Investment Co sold 2,800 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.05, for a total transaction of $36,540.00.
  • On Friday, February 2nd, Louis Berkman Investment Co sold 1,513 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.15, for a total transaction of $19,895.95.
  • On Wednesday, January 31st, Louis Berkman Investment Co sold 1,226 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.55, for a total transaction of $16,612.30.
  • On Monday, January 29th, Louis Berkman Investment Co sold 1,158 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $14.86, for a total transaction of $17,207.88.

Ampco-Pittsburgh Corp (NYSE AP) opened at $11.25 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 0.98. Ampco-Pittsburgh Corp has a twelve month low of $9.60 and a twelve month high of $18.59.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Ampco-Pittsburgh by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 633,265 shares of the industrial products company’s stock worth $11,020,000 after acquiring an additional 36,417 shares in the last quarter. BlackRock Inc. grew its holdings in Ampco-Pittsburgh by 2.7% during the 4th quarter. BlackRock Inc. now owns 600,154 shares of the industrial products company’s stock worth $7,442,000 after acquiring an additional 15,807 shares in the last quarter. Walthausen & Co. LLC grew its holdings in Ampco-Pittsburgh by 97.1% during the 2nd quarter. Walthausen & Co. LLC now owns 318,444 shares of the industrial products company’s stock worth $4,697,000 after acquiring an additional 156,850 shares in the last quarter. State Street Corp grew its holdings in Ampco-Pittsburgh by 10.4% during the 2nd quarter. State Street Corp now owns 128,827 shares of the industrial products company’s stock worth $1,897,000 after acquiring an additional 12,087 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Ampco-Pittsburgh by 7.4% during the 2nd quarter. Northern Trust Corp now owns 104,638 shares of the industrial products company’s stock worth $1,543,000 after acquiring an additional 7,212 shares in the last quarter. Institutional investors own 57.80% of the company’s stock.

AP has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Ampco-Pittsburgh from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine cut shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Ampco-Pittsburgh has an average rating of “Hold” and an average target price of $22.00.

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About Ampco-Pittsburgh

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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