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ESAB Co. (NYSE:ESAB - Get Rating) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 1,060,000 shares, a growth of 12.2% from the August 31st total of 944,400 shares. Based on an average daily trading volume, of 325,600 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.1% of the shares of the company are sold short. Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC acquired a new position in ESAB during the second quarter worth about $30,000. US Bancorp DE acquired a new position in ESAB during the second quarter worth about $43,000. Quantbot Technologies LP acquired a new position in ESAB during the second quarter worth about $46,000. Quent Capital LLC bought a new stake in shares of ESAB during the second quarter worth about $50,000. Finally, Godsey & Gibb Associates bought a new stake in shares of ESAB during the second quarter worth about $53,000. Institutional investors and hedge funds own 82.46% of the company's stock. ESAB Stock Down 0.0 %
ESAB stock opened at $33.36 on Monday. The company has a 50-day moving average of $40.78. ESAB has a 52 week low of $32.36 and a 52 week high of $58.08. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.62 and a quick ratio of 0.88.
ESAB (NYSE:ESAB - Get Rating) last issued its earnings results on Tuesday, August 9th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.99 by $0.09. The business had revenue of $661.18 million for the quarter, compared to analyst estimates of $629.40 million. As a group, research analysts forecast that ESAB will post 4.01 EPS for the current fiscal year. ESAB Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, September 29th. Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their target price on ESAB from $56.00 to $45.00 in a report on Monday, July 18th. JPMorgan Chase & Co. started coverage on ESAB in a research note on Thursday, August 18th. They issued an "overweight" rating and a $55.00 price target for the company. Finally, Robert W. Baird started coverage on ESAB in a research note on Monday, September 12th. They issued an "outperform" rating and a $53.00 price target for the company.ESAB Company Profile (Get Rating)
ESAB Corporation formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting, joining, and automated welding, as well as gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables, including electrodes, nozzles, shields, and tips.See AlsoGet a free copy of the StockNews.com research report on ESAB (ESAB)Archer Daniels Midland: Dividend Hero With 49 Years Of IncreasesWill Fully Autonomous Tractors Make Deere the Tesla of Farming? Magna International is Your Auto and EV One-Stop Shop Stock EV Battery Maker Freyr Set For Major Global Expansion MarketBeat: Week in Review 9/26 – 9/30
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