Advantage Alpha Capital Partners LP Has $3.21 Million Holdings in ESAB Corporation $ESAB

Advantage Alpha Capital Partners LP boosted its holdings in shares of ESAB Corporation (NYSE:ESAB) by 56.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,644 shares of the company’s stock after purchasing an additional 9,608 shares during the period. Advantage Alpha Capital Partners LP’s holdings in ESAB were worth $3,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Durable Capital Partners LP acquired a new stake in shares of ESAB in the first quarter valued at $114,067,000. Champlain Investment Partners LLC grew its holdings in ESAB by 42.0% during the 1st quarter. Champlain Investment Partners LLC now owns 1,929,099 shares of the company’s stock worth $224,740,000 after acquiring an additional 570,895 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in ESAB in the 1st quarter valued at about $36,415,000. Interval Partners LP bought a new position in shares of ESAB in the first quarter worth about $30,769,000. Finally, Nuveen LLC acquired a new position in shares of ESAB during the first quarter worth approximately $24,511,000. Institutional investors and hedge funds own 91.13% of the company’s stock.

Analyst Upgrades and Downgrades

ESAB has been the subject of several research analyst reports. Oppenheimer dropped their price objective on shares of ESAB from $144.00 to $142.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Stifel Nicolaus raised ESAB from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ESAB in a research note on Tuesday. UBS Group lifted their price objective on ESAB from $147.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Loop Capital upgraded shares of ESAB from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $140.00 in a research report on Friday, August 22nd. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $143.33.

ESAB Trading Up 0.5%

NYSE ESAB opened at $112.08 on Friday. ESAB Corporation has a 12 month low of $100.17 and a 12 month high of $135.84. The stock has a 50-day simple moving average of $114.41 and a 200 day simple moving average of $119.11. The company has a current ratio of 1.99, a quick ratio of 1.24 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $6.80 billion, a PE ratio of 28.23, a P/E/G ratio of 2.17 and a beta of 1.23.

ESAB (NYSE:ESAB) last issued its earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $727.85 million for the quarter, compared to analysts’ expectations of $663.57 million. ESAB had a return on equity of 15.93% and a net margin of 8.70%.The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. Research analysts forecast that ESAB Corporation will post 5.16 EPS for the current year.

ESAB Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, October 3rd. ESAB’s dividend payout ratio is presently 10.08%.

ESAB Company Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.