Susquehanna Fundamental Investments LLC Makes New Investment in ESAB Co. (NYSE:ESAB)

Susquehanna Fundamental Investments LLC acquired a new position in shares of ESAB Co. (NYSE:ESAB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,396 shares of the company's stock, valued at approximately $4,365,000. Susquehanna Fundamental Investments LLC owned about 0.06% of ESAB at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of ESAB by 70.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company's stock valued at $26,000 after purchasing an additional 90 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in ESAB in the fourth quarter worth about $34,000. Trust Co. of Vermont boosted its position in shares of ESAB by 871.0% during the fourth quarter. Trust Co. of Vermont now owns 301 shares of the company's stock valued at $36,000 after buying an additional 270 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of ESAB during the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC raised its holdings in shares of ESAB by 33.9% in the fourth quarter. GAMMA Investing LLC now owns 549 shares of the company's stock worth $66,000 after buying an additional 139 shares during the period. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ESAB has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on ESAB from $125.00 to $109.00 and set a "hold" rating for the company in a report on Monday, April 14th. UBS Group raised shares of ESAB from a "neutral" rating to a "buy" rating and boosted their target price for the company from $123.00 to $147.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. raised their price target on shares of ESAB from $133.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Finally, Evercore ISI raised shares of ESAB from an "underperform" rating to an "inline" rating and lowered their price objective for the company from $122.00 to $120.00 in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $133.75.

ESAB Stock Down 1.7 %

Shares of NYSE:ESAB traded down $2.02 during trading hours on Thursday, hitting $118.10. The company's stock had a trading volume of 411,468 shares, compared to its average volume of 279,188. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.82 and a quick ratio of 1.25. The firm's fifty day moving average price is $117.87 and its 200 day moving average price is $121.40. ESAB Co. has a 52 week low of $88.54 and a 52 week high of $135.97. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 2.01 and a beta of 1.37.

ESAB (NYSE:ESAB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.06. The company had revenue of $678.14 million during the quarter, compared to analyst estimates of $633.66 million. ESAB had a return on equity of 17.43% and a net margin of 9.66%. ESAB's revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. As a group, research analysts expect that ESAB Co. will post 5.16 EPS for the current year.

ESAB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were paid a $0.08 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.32 annualized dividend and a yield of 0.27%. ESAB's dividend payout ratio (DPR) is presently 7.41%.

ESAB Company Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.