Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Acushnet (NYSE:GOLF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Acushnet, purchasing 3,242 shares valued at approximately $223,000 during the first quarter.
• Insider trading revealed that Director Holdings Corp. Misto sold 953,406 shares at an average price of $65.56, resulting in a transaction of over $62 million.
• Acushnet's latest earnings report showed earnings per share of $1.62, which exceeded analysts' expectations, along with a revenue of $703.37 million for the quarter.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Acushnet (NYSE:GOLF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,242 shares of the company's stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Acushnet by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,506,733 shares of the company's stock worth $107,097,000 after acquiring an additional 5,661 shares in the last quarter. Principal Financial Group Inc. boosted its position in Acushnet by 7.9% during the first quarter. Principal Financial Group Inc. now owns 1,104,699 shares of the company's stock valued at $75,849,000 after purchasing an additional 80,676 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Acushnet in the fourth quarter valued at about $28,641,000. Northern Trust Corp raised its holdings in Acushnet by 8.7% in the fourth quarter. Northern Trust Corp now owns 354,169 shares of the company's stock worth $25,174,000 after purchasing an additional 28,314 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Acushnet by 26.5% during the first quarter. Bank of New York Mellon Corp now owns 343,978 shares of the company's stock valued at $23,617,000 after buying an additional 71,983 shares during the last quarter. Institutional investors own 53.12% of the company's stock.

Acushnet Stock Performance

Acushnet stock traded down $1.69 during midday trading on Friday, hitting $75.49. 331,766 shares of the company were exchanged, compared to its average volume of 479,663. The business has a fifty day simple moving average of $75.72 and a two-hundred day simple moving average of $69.35. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.21 and a current ratio of 2.21. The firm has a market capitalization of $4.44 billion, a PE ratio of 20.97 and a beta of 0.84. Acushnet has a fifty-two week low of $55.31 and a fifty-two week high of $84.40.

Acushnet (NYSE:GOLF - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.08). The company had revenue of $720.48 million during the quarter, compared to analysts' expectations of $713.70 million. Acushnet had a return on equity of 26.81% and a net margin of 9.21%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. On average, sell-side analysts forecast that Acushnet will post 3.06 earnings per share for the current year.

Insider Transactions at Acushnet

In other Acushnet news, Director Holdings Corp. Misto sold 953,406 shares of Acushnet stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $65.56, for a total value of $62,505,297.36. Following the completion of the transaction, the director owned 29,523,653 shares of the company's stock, valued at approximately $1,935,570,690.68. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 53.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Acushnet from $63.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. KeyCorp lifted their target price on shares of Acushnet from $80.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday. Truist Financial upped their price target on shares of Acushnet from $64.00 to $65.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Finally, Compass Point cut shares of Acushnet from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $80.00 to $71.00 in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Acushnet currently has a consensus rating of "Hold" and a consensus price target of $73.33.

Acushnet 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.