Acme United (NYSE:ACU) Upgraded at StockNews.com

StockNews.com upgraded shares of Acme United (NYSE:ACU) from a hold rating to a buy rating in a research report released on Saturday.

Acme United Stock Performance

NYSE:ACU opened at $39.61 on Friday. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $37.98 and its 200-day simple moving average is $39.80. Acme United has a fifty-two week low of $32.85 and a fifty-two week high of $50.00. The stock has a market cap of $148.70 million, a PE ratio of 8.10 and a beta of 0.70.

Acme United Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, March 26th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, March 26th. Acme United’s dividend payout ratio (DPR) is 24.69%.

Institutional Trading of Acme United

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its stake in Acme United by 13.7% in the 4th quarter. Barclays PLC now owns 4,442 shares of the company’s stock valued at $165,000 after purchasing an additional 536 shares during the last quarter. Aristides Capital LLC boosted its holdings in Acme United by 4.0% in the fourth quarter. Aristides Capital LLC now owns 17,567 shares of the company’s stock valued at $656,000 after acquiring an additional 670 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Acme United by 11.2% in the 4th quarter. Northern Trust Corp now owns 6,846 shares of the company’s stock valued at $256,000 after purchasing an additional 691 shares in the last quarter. Marshall Wace LLP grew its stake in Acme United by 6.1% during the fourth quarter. Marshall Wace LLP now owns 17,288 shares of the company’s stock worth $645,000 after buying an additional 996 shares during the period. Finally, HighTower Advisors LLC boosted its position in Acme United by 13.5% during the 3rd quarter. HighTower Advisors LLC now owns 8,832 shares of the company’s stock worth $364,000 after purchasing an additional 1,048 shares during the period. Hedge funds and other institutional investors own 62.10% of the company’s stock.

About Acme United

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.