Rhumbline Advisers Grows Stock Position in Sandvik AB (OTCMKTS:SDVKY)

Rhumbline Advisers increased its holdings in shares of Sandvik AB (OTCMKTS:SDVKY) by 13.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,269 shares of the industrial products company’s stock after acquiring an additional 4,562 shares during the period. Rhumbline Advisers’ holdings in Sandvik were worth $788,000 as of its most recent SEC filing.

Separately, GAMMA Investing LLC boosted its holdings in Sandvik by 3,893.3% during the 1st quarter. GAMMA Investing LLC now owns 117,242 shares of the industrial products company’s stock valued at $2,478,000 after acquiring an additional 114,306 shares during the period. Institutional investors and hedge funds own 0.74% of the company’s stock.

Sandvik Price Performance

Shares of OTCMKTS SDVKY opened at $21.80 on Friday. The stock’s 50-day moving average is $21.42 and its two-hundred day moving average is $20.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.85 and a quick ratio of 0.98. Sandvik AB has a 1-year low of $16.94 and a 1-year high of $23.47. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.57 and a beta of 1.53.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Sandvik had a return on equity of 16.64% and a net margin of 11.95%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $30.25 billion. Analysts forecast that Sandvik AB will post 1.27 EPS for the current fiscal year.

About Sandvik

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.