Sandvik AB (publ) (OTCMKTS:SDVKY) Stock Position Cut by GAMMA Investing LLC

GAMMA Investing LLC decreased its holdings in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 33.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,936 shares of the industrial products company’s stock after selling 1,489 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Rhumbline Advisers boosted its position in shares of Sandvik AB (publ) by 11.3% during the 2nd quarter. Rhumbline Advisers now owns 27,045 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 2,750 shares in the last quarter. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on SDVKY shares. Sanford C. Bernstein raised shares of Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a research note on Tuesday, October 15th. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group lowered shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Sandvik AB (publ) Price Performance

Shares of SDVKY opened at $18.01 on Tuesday. Sandvik AB has a twelve month low of $17.76 and a twelve month high of $23.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 1.63. The firm’s 50 day moving average price is $18.58 and its 200 day moving average price is $19.77. The firm has a market cap of $22.59 billion, a PE ratio of 19.37, a PEG ratio of 3.25 and a beta of 1.46.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its quarterly earnings results on Monday, October 21st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. The company had revenue of $2.91 billion for the quarter. As a group, research analysts expect that Sandvik AB will post 1.02 EPS for the current fiscal year.

Sandvik AB (publ) Company Profile

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.