GAMMA Investing LLC grew its position in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 3,893.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,242 shares of the industrial products company's stock after buying an additional 114,306 shares during the quarter. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Rhumbline Advisers grew its stake in Sandvik AB (publ) by 12.4% during the 4th quarter. Rhumbline Advisers now owns 32,707 shares of the industrial products company's stock worth $585,000 after purchasing an additional 3,607 shares in the last quarter. 0.74% of the stock is currently owned by institutional investors.
Sandvik AB (publ) Stock Up 2.0%
SDVKY traded up $0.43 on Monday, hitting $22.42. 23,806 shares of the company were exchanged, compared to its average volume of 70,962. Sandvik AB has a twelve month low of $16.94 and a twelve month high of $23.47. The company has a market cap of $28.12 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53. The company has a current ratio of 1.79, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $21.20 and a two-hundred day moving average price of $20.65.
Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last released its earnings results on Wednesday, April 16th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Sandvik AB (publ) had a return on equity of 16.07% and a net margin of 9.92%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $30.25 billion. On average, equities analysts predict that Sandvik AB will post 1.27 earnings per share for the current year.
About Sandvik AB (publ)
(
Free Report)
Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.
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