Ampco-Pittsburgh Corp (AP) Major Shareholder Sells $225,890.28 in Stock

Ampco-Pittsburgh Corp (NYSE:AP) major shareholder Louis Berkman Investment Co sold 20,097 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $11.24, for a total transaction of $225,890.28. Following the sale, the insider now directly owns 1,413,171 shares in the company, valued at $15,884,042.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, February 7th, Louis Berkman Investment Co sold 2,532 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $12.05, for a total transaction of $30,510.60.
  • On Monday, February 5th, Louis Berkman Investment Co sold 2,800 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $13.05, for a total transaction of $36,540.00.
  • On Friday, February 2nd, Louis Berkman Investment Co sold 1,513 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $13.15, for a total transaction 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 transaction 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 transaction of $17,207.88.

Ampco-Pittsburgh Corp (NYSE:AP) traded down $0.45 on Monday, hitting $10.80. 48,335 shares of the stock traded hands, compared to its average volume of 34,967. Ampco-Pittsburgh Corp has a twelve month low of $9.60 and a twelve month high of $18.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 0.98. The company has a market capitalization of $134.74, a PE ratio of -2.55 and a beta of 1.60.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in Ampco-Pittsburgh in the third quarter valued at approximately $132,000. Nationwide Fund Advisors boosted its stake in Ampco-Pittsburgh by 36.4% in the second quarter. Nationwide Fund Advisors now owns 9,804 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 2,615 shares during the last quarter. Rhumbline Advisers bought a new position in Ampco-Pittsburgh in the second quarter valued at approximately $152,000. Wells Fargo & Company MN boosted its stake in Ampco-Pittsburgh by 137.8% in the fourth quarter. Wells Fargo & Company MN now owns 14,950 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 8,664 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Ampco-Pittsburgh in the second quarter valued at approximately $205,000. 56.25% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on AP shares. Zacks Investment Research cut shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine cut shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Ampco-Pittsburgh has an average rating of “Hold” and a consensus target price of $22.00.

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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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