Ampco-Pittsburgh Corp (AP) Major Shareholder Louis Berkman Investment Co Sells 1,064 Shares

Ampco-Pittsburgh Corp (NYSE:AP) major shareholder Louis Berkman Investment Co sold 1,064 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $11.15, for a total value of $11,863.60. Following the transaction, the insider now owns 1,392,974 shares of the company’s stock, valued at $15,531,660.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Louis Berkman Investment Co also recently made the following trade(s):

  • On Friday, February 9th, Louis Berkman Investment Co sold 20,097 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $11.24, for a total value of $225,890.28.
  • On Wednesday, February 7th, Louis Berkman Investment Co sold 2,532 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $12.05, for a total value of $30,510.60.
  • On Monday, February 5th, Louis Berkman Investment Co sold 2,800 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.05, for a total value of $36,540.00.
  • On Friday, February 2nd, Louis Berkman Investment Co sold 1,513 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.15, for a total value of $19,895.95.
  • On Wednesday, January 31st, Louis Berkman Investment Co sold 1,226 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $13.55, for a total value of $16,612.30.
  • On Monday, January 29th, Louis Berkman Investment Co sold 1,158 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $14.86, for a total value of $17,207.88.

Ampco-Pittsburgh Corp (NYSE AP) traded down $0.25 during midday trading on Thursday, reaching $10.25. The company had a trading volume of 1,269 shares, compared to its average volume of 36,126. Ampco-Pittsburgh Corp has a 52 week low of $9.60 and a 52 week high of $18.59. The company has a quick ratio of 0.98, a current ratio of 1.68 and a debt-to-equity ratio of 0.30.

Several research firms recently commented on AP. Zacks Investment Research downgraded Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. ValuEngine downgraded Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Ampco-Pittsburgh by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 633,265 shares of the industrial products company’s stock worth $11,020,000 after purchasing an additional 36,417 shares during the last quarter. BlackRock Inc. boosted its position in Ampco-Pittsburgh by 2.7% in the fourth quarter. BlackRock Inc. now owns 600,154 shares of the industrial products company’s stock worth $7,442,000 after purchasing an additional 15,807 shares during the last quarter. Renaissance Technologies LLC boosted its position in Ampco-Pittsburgh by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 271,200 shares of the industrial products company’s stock worth $3,363,000 after purchasing an additional 6,700 shares during the last quarter. State Street Corp boosted its position in Ampco-Pittsburgh by 10.4% in the second quarter. State Street Corp now owns 128,827 shares of the industrial products company’s stock worth $1,897,000 after purchasing an additional 12,087 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Ampco-Pittsburgh by 7.4% in the second quarter. Northern Trust Corp now owns 104,638 shares of the industrial products company’s stock worth $1,543,000 after purchasing an additional 7,212 shares during the last quarter. Institutional investors own 56.25% of the company’s stock.

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Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).

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