Ampco-Pittsburgh (NYSE:AP) CEO Purchases $29,799.00 in Stock

Ampco-Pittsburgh Corporation (NYSE:AP) CEO Brett Mcbrayer acquired 3,300 shares of Ampco-Pittsburgh stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $9.03 per share, for a total transaction of $29,799.00. Following the completion of the purchase, the chief executive officer directly owned 557,694 shares of the company’s stock, valued at approximately $5,035,976.82. The trade was a 0.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brett Mcbrayer also recently made the following trade(s):

• On Thursday, March 19th, Brett Mcbrayer purchased 7,500 shares of Ampco-Pittsburgh stock. The shares were acquired at an average price of $6.67 per share, for a total transaction of $50,025.00.

Ampco-Pittsburgh Stock Up 0.3%

Shares of NYSE:AP opened at $10.18 on Friday. Ampco-Pittsburgh Corporation has a 1 year low of $1.75 and a 1 year high of $12.30. The company has a market cap of $206.96 million, a PE ratio of -3.03 and a beta of 1.25. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.75 and a quick ratio of 1.01. The stock’s 50-day moving average is $8.99 and its 200 day moving average is $6.56.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings results on Tuesday, May 12th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%. The business had revenue of $103.13 million for the quarter, compared to analysts’ expectations of $84.90 million.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Ampco-Pittsburgh during the 2nd quarter worth approximately $30,000. Group One Trading LLC purchased a new position in shares of Ampco-Pittsburgh during the 2nd quarter worth approximately $43,000. PNC Financial Services Group Inc. grew its holdings in shares of Ampco-Pittsburgh by 164.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,600 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 4,100 shares during the period. Belvedere Trading LLC purchased a new position in shares of Ampco-Pittsburgh during the 4th quarter worth approximately $55,000. Finally, Citadel Advisors LLC purchased a new position in shares of Ampco-Pittsburgh during the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 49.16% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.