Standard Life Aberdeen plc increased its position in Multi-Color Co. (NASDAQ:LABL) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 756,522 shares of the business services provider’s stock after buying an additional 39,251 shares during the quarter. Standard Life Aberdeen plc’s holdings in Multi-Color were worth $56,625,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of LABL. BlackRock Inc. increased its stake in shares of Multi-Color by 3.5% in the fourth quarter. BlackRock Inc. now owns 1,744,331 shares of the business services provider’s stock worth $130,564,000 after buying an additional 59,705 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Multi-Color by 48.3% in the third quarter. Pictet Asset Management Ltd. now owns 170,151 shares of the business services provider’s stock worth $13,944,000 after buying an additional 55,428 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Multi-Color by 6.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 763,525 shares of the business services provider’s stock worth $57,149,000 after buying an additional 47,050 shares during the period. Vanguard Group Inc. increased its stake in shares of Multi-Color by 3.7% in the second quarter. Vanguard Group Inc. now owns 715,059 shares of the business services provider’s stock worth $58,348,000 after buying an additional 25,470 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Multi-Color in the fourth quarter worth $1,432,000. 63.63% of the stock is currently owned by institutional investors.
Multi-Color Co. (NASDAQ:LABL) opened at $66.45 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 2.21. The company has a market cap of $1,358.42, a price-to-earnings ratio of 17.77 and a beta of 0.76. Multi-Color Co. has a one year low of $64.60 and a one year high of $89.70.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, February 14th. Multi-Color’s payout ratio is currently 5.35%.
Several research analysts recently commented on LABL shares. BidaskClub downgraded shares of Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Hilliard Lyons raised shares of Multi-Color from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Zacks Investment Research raised shares of Multi-Color from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $76.75.
In related news, COO Oliver Apel acquired 1,100 shares of Multi-Color stock in a transaction on Tuesday, February 20th. The shares were acquired at an average cost of $66.68 per share, with a total value of $73,348.00. Following the transaction, the chief operating officer now owns 1,100 shares in the company, valued at $73,348. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert R. Buck sold 9,530 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $72.06, for a total transaction of $686,731.80. Following the transaction, the director now directly owns 17,441 shares in the company, valued at $1,256,798.46. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by insiders.
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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