Yousif Capital Management LLC Has $502,000 Position in Sandvik AB $SDVKY

Yousif Capital Management LLC increased its position in Sandvik AB (OTCMKTS:SDVKY) by 15.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,037 shares of the industrial products company’s stock after buying an additional 3,030 shares during the period. Yousif Capital Management LLC’s holdings in Sandvik were worth $502,000 at the end of the most recent reporting period.

Separately, GAMMA Investing LLC increased its holdings in Sandvik by 88.9% in the first quarter. GAMMA Investing LLC now owns 5,546 shares of the industrial products company’s stock worth $117,000 after buying an additional 2,610 shares during the last quarter. 0.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SDVKY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Sandvik in a report on Wednesday. Zacks Research upgraded Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Rothschild Redb upgraded Sandvik from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Pareto Securities downgraded Sandvik from a “buy” rating to a “hold” rating in a report on Sunday, October 5th. Finally, Citigroup reiterated a “buy” rating on shares of Sandvik in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Sandvik Stock Up 1.7%

SDVKY opened at $30.32 on Friday. The business has a 50 day moving average of $27.17 and a 200-day moving average of $24.01. The stock has a market capitalization of $38.03 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.45 and a beta of 1.60. The company has a current ratio of 1.62, a quick ratio of 0.86 and a debt-to-equity ratio of 0.42. Sandvik AB has a 1-year low of $16.94 and a 1-year high of $30.53.

Sandvik (OTCMKTS:SDVKY) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $29.69 billion. Sandvik had a return on equity of 16.56% and a net margin of 12.24%. As a group, sell-side analysts anticipate that Sandvik AB will post 1.27 earnings per share for the current 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.