Brett Mcbrayer Acquires 3,300 Shares of Ampco-Pittsburgh (NYSE:AP) Stock

Ampco-Pittsburgh Corporation (NYSE:AP) CEO Brett Mcbrayer acquired 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $9.03 per share, with a total value of $29,799.00. Following the completion of the acquisition, the chief executive officer directly owned 557,694 shares of the company’s stock, valued at $5,035,976.82. This trade represents a 0.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

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

Ampco-Pittsburgh Stock Performance

NYSE AP opened at $10.11 on Friday. The company has a market capitalization of $205.48 million, a price-to-earnings ratio of -3.01 and a beta of 1.25. Ampco-Pittsburgh Corporation has a twelve month low of $1.75 and a twelve month high of $12.30. The stock has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $6.53. The company has a quick ratio of 1.01, a current ratio of 1.75 and a debt-to-equity ratio of 2.42.

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

Institutional Trading of Ampco-Pittsburgh

Large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Ampco-Pittsburgh during the 2nd quarter worth about $30,000. Group One Trading LLC acquired a new stake in Ampco-Pittsburgh during the 2nd quarter worth about $43,000. PNC Financial Services Group Inc. grew its holdings in 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 acquired a new stake in Ampco-Pittsburgh during the 4th quarter worth about $55,000. Finally, Citadel Advisors LLC acquired a new stake in Ampco-Pittsburgh during the 3rd quarter worth about $72,000. 49.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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