AZZ Inc (AZZ) Shares Sold by GSA Capital Partners LLP
GSA Capital Partners LLP trimmed its position in shares of AZZ Inc (NYSE:AZZ) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,443 shares of the industrial products company’s stock after selling 5,585 shares during the quarter. GSA Capital Partners LLP owned approximately 0.09% of AZZ worth $1,093,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in AZZ by 0.9% during the second quarter. Vanguard Group Inc. now owns 2,307,219 shares of the industrial products company’s stock worth $128,743,000 after purchasing an additional 20,239 shares in the last quarter. Victory Capital Management Inc. boosted its position in AZZ by 3.4% during the third quarter. Victory Capital Management Inc. now owns 849,304 shares of the industrial products company’s stock worth $41,361,000 after purchasing an additional 27,836 shares in the last quarter. State Street Corp boosted its position in AZZ by 4.3% during the second quarter. State Street Corp now owns 628,974 shares of the industrial products company’s stock worth $35,092,000 after purchasing an additional 25,832 shares in the last quarter. Capital Analysts LLC purchased a new stake in AZZ during the second quarter worth $108,000. Finally, American Century Companies Inc. purchased a new stake in shares of AZZ in the third quarter valued at $17,054,000. Institutional investors own 88.01% of the company’s stock.
AZZ has been the topic of several recent research reports. Zacks Investment Research downgraded AZZ from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 28th. Stifel Nicolaus reduced their price objective on AZZ from $56.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, September 27th.
Shares of AZZ Inc (NYSE AZZ) opened at $51.40 on Friday. The stock has a market capitalization of $1,325.32, a price-to-earnings ratio of 26.09 and a beta of 1.55. AZZ Inc has a 12-month low of $43.17 and a 12-month high of $65.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.57 and a quick ratio of 1.43.
AZZ (NYSE:AZZ) last released its earnings results on Tuesday, October 3rd. The industrial products company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). The business had revenue of $190.40 million during the quarter, compared to analyst estimates of $193.70 million. AZZ had a net margin of 6.27% and a return on equity of 9.65%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. sell-side analysts anticipate that AZZ Inc will post 1.99 EPS for the current fiscal year.
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AZZ Company Profile
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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