Dimensional Fund Advisors LP Has $107.10 Million Stake in Acushnet Holdings Corp. (NYSE:GOLF)

Dimensional Fund Advisors LP grew its stake in Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,506,733 shares of the company's stock after buying an additional 5,661 shares during the quarter. Dimensional Fund Advisors LP owned 2.48% of Acushnet worth $107,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Acushnet by 100.6% in the 4th quarter. Blue Trust Inc. now owns 351 shares of the company's stock valued at $25,000 after acquiring an additional 176 shares in the last quarter. Berry Wealth Group LP bought a new stake in Acushnet during the fourth quarter worth about $202,000. Heritage Family Offices LLP acquired a new stake in shares of Acushnet in the 4th quarter valued at approximately $205,000. Leavell Investment Management Inc. bought a new position in shares of Acushnet in the fourth quarter valued at $210,000. Finally, Corient Private Wealth LLC bought a new stake in Acushnet during the fourth quarter worth $210,000. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GOLF shares. KeyCorp cut their target price on shares of Acushnet from $77.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered shares of Acushnet from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $69.00 to $64.00 in a research note on Thursday, January 23rd. Compass Point upgraded Acushnet from a "neutral" rating to a "buy" rating and increased their target price for the stock from $77.00 to $80.00 in a research note on Tuesday, March 4th. StockNews.com cut Acushnet from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Truist Financial decreased their price objective on Acushnet from $68.00 to $64.00 and set a "hold" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $70.60.

Insiders Place Their Bets

In other news, insider Steven Francis Pelisek sold 20,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $70.86, for a total value of $1,417,200.00. Following the completion of the transaction, the insider now owns 96,006 shares of the company's stock, valued at approximately $6,802,985.16. This represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 54.60% of the company's stock.

Acushnet Price Performance

NYSE GOLF traded up $0.24 during midday trading on Friday, hitting $66.05. The company had a trading volume of 106,607 shares, compared to its average volume of 369,357. The company has a market capitalization of $3.96 billion, a PE ratio of 22.46 and a beta of 0.84. Acushnet Holdings Corp. has a twelve month low of $55.31 and a twelve month high of $76.65. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $64.26 and a 200-day moving average price of $67.33.

Acushnet (NYSE:GOLF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.31. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The business had revenue of $445.17 billion during the quarter, compared to analysts' expectations of $454.83 million. As a group, analysts anticipate that Acushnet Holdings Corp. will post 3.06 earnings per share for the current fiscal year.

Acushnet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.235 per share. This is an increase from Acushnet's previous quarterly dividend of $0.22. This represents a $0.94 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, March 7th. Acushnet's payout ratio is currently 28.23%.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.