Public Sector Pension Investment Board Increases Position in Interface, Inc. $TILE

Public Sector Pension Investment Board raised its position in shares of Interface, Inc. (NASDAQ:TILE) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,660 shares of the textile maker’s stock after buying an additional 27,826 shares during the period. Public Sector Pension Investment Board owned about 0.39% of Interface worth $6,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in Interface by 8.4% during the 1st quarter. Royal Bank of Canada now owns 19,657 shares of the textile maker’s stock valued at $390,000 after acquiring an additional 1,522 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Interface by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker’s stock worth $677,000 after purchasing an additional 1,485 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Interface by 5.9% during the first quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock worth $14,854,000 after purchasing an additional 42,011 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Interface by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker’s stock valued at $3,015,000 after purchasing an additional 9,580 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Interface by 2,695.2% in the second quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Wall Street Zen lowered Interface from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings lowered Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 24th. Finally, Barrington Research boosted their target price on Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.00.

Interface Stock Performance

NASDAQ:TILE opened at $33.53 on Thursday. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $35.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.89 and a quick ratio of 1.70. The firm has a market capitalization of $1.96 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.90. The business’s fifty day moving average price is $30.60 and its 200 day moving average price is $28.36.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.