Ceredex Value Advisors LLC Acquires New Shares in ESAB Corporation $ESAB

Key Points

• Ceredex Value Advisors acquired 370,550 ESAB shares worth approximately $36.5 million during the second quarter, representing a 0.60% stake and about 1% of its portfolio. Institutional investors collectively own 91.13% of ESAB.
• ESAB’s latest quarterly revenue rose 12.9% year over year to $807.6 million, exceeding estimates, though adjusted EPS of $1.33 fell short of the $1.37 consensus. The company provided fiscal 2026 EPS guidance of $5.40–$5.50.
• Shares opened at $78.63, near their 12-month low of $77.34 and well below the $137.42 high. Analysts maintain a Moderate Buy consensus, with an average price target of $138.38.

Ceredex Value Advisors LLC bought a new stake in ESAB Corporation (NYSE:ESAB - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 370,550 shares of the company's stock, valued at approximately $36,547,000. ESAB accounts for about 1.0% of Ceredex Value Advisors LLC's holdings, making the stock its 28th biggest position. Ceredex Value Advisors LLC owned 0.60% of ESAB as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its position in shares of ESAB by 33.9% in the 4th quarter. Teacher Retirement System of Texas now owns 177,428 shares of the company's stock valued at $19,822,000 after acquiring an additional 44,877 shares during the period. TimesSquare Capital Management LLC grew its holdings in ESAB by 37.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 959,101 shares of the company's stock valued at $107,151,000 after purchasing an additional 262,850 shares during the period. Bessemer Group Inc. grew its holdings in ESAB by 6,787.0% during the fourth quarter. Bessemer Group Inc. now owns 1,053,776 shares of the company's stock valued at $117,730,000 after purchasing an additional 1,038,475 shares during the period. Schwartz Investment Counsel Inc. bought a new stake in ESAB in the fourth quarter valued at approximately $8,938,000. Finally, William Blair Investment Management LLC bought a new stake in ESAB in the fourth quarter valued at approximately $22,905,000. Institutional investors own 91.13% of the company's stock.

ESAB Stock Down 0.3%

ESAB stock opened at $78.63 on Friday. The company has a 50 day moving average of $90.90 and a 200-day moving average of $99.82. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99. ESAB Corporation has a twelve month low of $77.34 and a twelve month high of $137.42. The stock has a market capitalization of $4.89 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19.

ESAB (NYSE:ESAB - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.04). The company had revenue of $807.63 million for the quarter, compared to analyst estimates of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company's revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities research analysts anticipate that ESAB Corporation will post 5.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ESAB has been the subject of several research analyst reports. Weiss Ratings lowered shares of ESAB from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Oppenheimer dropped their price objective on ESAB from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. DA Davidson assumed coverage on ESAB in a report on Monday, June 15th. They set a "buy" rating and a $130.00 target price on the stock. Roth Capital boosted their target price on ESAB from $142.00 to $151.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Finally, Stifel Nicolaus lowered their price target on ESAB from $141.00 to $137.00 and set a "buy" rating for the company in a report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ESAB currently has an average rating of "Moderate Buy" and an average price target of $138.38.

Insider Transactions at ESAB

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of ESAB stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the sale, the director owned 1,000 shares of the company's stock, valued at $95,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 7.20% of the company's stock.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company's products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.

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