3,906 Shares in Acme United Co. (NYSE:ACU) Purchased by Barclays PLC

Barclays PLC purchased a new stake in shares of Acme United Co. (NYSE:ACU) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,906 shares of the company’s stock, valued at approximately $163,000. Barclays PLC owned about 0.10% of Acme United as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Management Corp VA lifted its position in shares of Acme United by 2.9% during the third quarter. Capital Management Corp VA now owns 553,838 shares of the company’s stock valued at $23,062,000 after purchasing an additional 15,385 shares in the last quarter. Renaissance Technologies LLC increased its stake in Acme United by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 130,407 shares of the company’s stock valued at $4,573,000 after buying an additional 1,100 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Acme United by 118.3% during the 2nd quarter. Acadian Asset Management LLC now owns 65,224 shares of the company’s stock worth $2,285,000 after buying an additional 35,352 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Acme United by 53.9% in the 2nd quarter. American Century Companies Inc. now owns 47,933 shares of the company’s stock worth $1,681,000 after buying an additional 16,796 shares during the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of Acme United in the second quarter valued at approximately $1,403,000. 62.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Acme United from a “buy” rating to a “hold” rating in a report on Monday, October 21st.

Acme United Price Performance

Shares of NYSE:ACU opened at $35.96 on Wednesday. The company has a market capitalization of $134.53 million, a P/E ratio of 7.35 and a beta of 0.70. The company’s 50-day moving average is $40.90 and its 200 day moving average is $40.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. Acme United Co. has a fifty-two week low of $32.85 and a fifty-two week high of $50.99.

Acme United (NYSE:ACU) last released its earnings results on Friday, October 18th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.19). Acme United had a net margin of 10.25% and a return on equity of 9.70%. The company had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $52.40 million. On average, equities research analysts forecast that Acme United Co. will post 2.78 earnings per share for the current year.

Acme United Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Monday, January 6th. Acme United’s dividend payout ratio (DPR) is 12.27%.

Acme United Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.