GAMMA Investing LLC Acquires 2,610 Shares of Sandvik AB (OTCMKTS:SDVKY)

GAMMA Investing LLC grew its position in Sandvik AB (OTCMKTS:SDVKY) by 88.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,546 shares of the industrial products company’s stock after acquiring an additional 2,610 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $117,000 at the end of the most recent reporting period.

Separately, Rhumbline Advisers raised its stake in shares of Sandvik by 12.4% in the fourth quarter. Rhumbline Advisers now owns 32,707 shares of the industrial products company’s stock valued at $585,000 after acquiring an additional 3,607 shares during the period. Institutional investors own 0.74% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Sandvik Trading Down 0.5%

OTCMKTS SDVKY opened at $23.38 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 1.85. The company has a market capitalization of $29.33 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.66 and a beta of 1.51. The company’s 50-day simple moving average is $22.02 and its two-hundred day simple moving average is $20.98. Sandvik AB has a one year low of $16.94 and a one year high of $23.58.

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

Sandvik Company Profile

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.