Scout Investments Inc. increased its position in shares of SANDVIK AB/ADR (OTCMKTS:SDVKY) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 216,832 shares of the industrial products company’s stock after purchasing an additional 4,605 shares during the quarter. Scout Investments Inc.’s holdings in SANDVIK AB/ADR were worth $3,846,000 as of its most recent filing with the SEC.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. ValuEngine lowered SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, Barclays lowered SANDVIK AB/ADR from an “equal weight” rating to a “sell” rating in a research note on Wednesday, October 3rd.
SDVKY stock traded down $0.47 during mid-day trading on Friday, reaching $15.29. The company had a trading volume of 18,421 shares, compared to its average volume of 85,393. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.37 and a quick ratio of 1.42. The firm has a market capitalization of $19.96 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.43 and a beta of 1.07. SANDVIK AB/ADR has a fifty-two week low of $14.57 and a fifty-two week high of $20.18.
SANDVIK AB/ADR (OTCMKTS:SDVKY) last posted its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $0.35 earnings per share (EPS) for the quarter. SANDVIK AB/ADR had a return on equity of 25.20% and a net margin of 16.95%. The company had revenue of $2.81 billion for the quarter. On average, analysts expect that SANDVIK AB/ADR will post 1.18 EPS for the current year.
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About SANDVIK AB/ADR
Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, metal-cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor made tools and inserts and tooling systems; and mining and rock excavation equipment and tools, such as stationary and mobile crushers and screens, underground drill rigs and bolters, surface drill rigs, exploration drill rigs and tools, underground loaders and trucks, mechanical cutting equipment, rock tools, rock drills, mining automation systems, bulk materials handling equipment, conveyor components, and parts and services, as well as breakers, demolition tools, and booms.
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