Citadel Advisors LLC Increases Holdings in Acme United Co. (NYSE:ACU)

Citadel Advisors LLC increased its position in Acme United Co. (NYSE:ACU) by 33.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,743 shares of the company’s stock after acquiring an additional 5,999 shares during the quarter. Citadel Advisors LLC owned about 0.63% of Acme United worth $886,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ACU. Royce & Associates LP increased its holdings in Acme United by 25.0% in the 4th quarter. Royce & Associates LP now owns 169,664 shares of the company’s stock worth $6,334,000 after acquiring an additional 33,952 shares during the last quarter. Capital Management Corp VA increased its holdings in Acme United by 2.9% in the 4th quarter. Capital Management Corp VA now owns 569,849 shares of the company’s stock worth $21,272,000 after acquiring an additional 16,011 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Acme United by 59.7% in the 4th quarter. Bank of New York Mellon Corp now owns 28,165 shares of the company’s stock worth $1,051,000 after acquiring an additional 10,531 shares during the last quarter. 683 Capital Management LLC purchased a new stake in Acme United in the 4th quarter worth about $310,000. Finally, Envestnet Asset Management Inc. increased its holdings in Acme United by 15.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 46,487 shares of the company’s stock worth $1,735,000 after acquiring an additional 6,127 shares during the last quarter. Hedge funds and other institutional investors own 62.10% of the company’s stock.

Acme United Stock Up 2.5%

ACU stock opened at $40.42 on Friday. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $153.23 million, a PE ratio of 8.27 and a beta of 0.64. Acme United Co. has a twelve month low of $32.85 and a twelve month high of $50.00. The stock has a 50-day simple moving average of $39.46 and a two-hundred day simple moving average of $39.13.

Acme United (NYSE:ACU) last posted its earnings results on Thursday, April 17th. The company reported $0.41 earnings per share for the quarter. Acme United had a return on equity of 9.70% and a net margin of 10.25%. During the same quarter last year, the firm posted $0.39 earnings per share.

Acme United Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, March 26th. Acme United’s payout ratio is presently 24.49%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Acme United from a “hold” rating to a “buy” rating in a report on Friday, May 9th.

Acme United Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.