Ampco-Pittsburgh Corporation (NYSE:AP – Get Free Report) CEO Brett Mcbrayer bought 3,300 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of $9.03 per share, with a total value of $29,799.00. Following the transaction, the chief executive officer directly owned 557,694 shares of the company’s stock, valued at approximately $5,035,976.82. This trade represents a 0.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Brett Mcbrayer also recently made the following trade(s):
- On Thursday, March 19th, Brett Mcbrayer bought 7,500 shares of Ampco-Pittsburgh stock. The shares were acquired at an average price of $6.67 per share, with a total value of $50,025.00.
Ampco-Pittsburgh Stock Performance
NYSE:AP traded up $0.46 on Wednesday, reaching $9.41. 69,020 shares of the company’s stock were exchanged, compared to its average volume of 247,312. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.75 and a quick ratio of 1.01. The firm has a market cap of $191.17 million, a price-to-earnings ratio of -2.80 and a beta of 1.25. Ampco-Pittsburgh Corporation has a 52 week low of $1.75 and a 52 week high of $12.30. The stock has a fifty day simple moving average of $8.96 and a 200-day simple moving average of $6.42.
Institutional Trading of Ampco-Pittsburgh
A number of hedge funds have recently modified their holdings of AP. Jane Street Group LLC bought a new stake in shares of Ampco-Pittsburgh during the 2nd quarter valued at $30,000. Group One Trading LLC bought a new position in Ampco-Pittsburgh during the 2nd quarter valued at about $43,000. PNC Financial Services Group Inc. increased its position in shares of Ampco-Pittsburgh by 164.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,600 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 4,100 shares during the last quarter. Belvedere Trading LLC purchased a new stake in shares of Ampco-Pittsburgh during the 4th quarter valued at about $55,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Ampco-Pittsburgh during the 3rd quarter valued at about $72,000. Institutional investors own 49.16% of the company’s stock.
Wall Street Analyst Weigh In
AP has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ampco-Pittsburgh has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Ampco-Pittsburgh
Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.
The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.
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