UBS Group lowered shares of Sandvik AB (publ) (OTCMKTS:SDVKY – Free Report) from a neutral rating to a sell rating in a research note published on Wednesday morning, Marketbeat.com reports.
Several other equities research analysts have also recently issued reports on SDVKY. Citigroup raised shares of Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.
Get Our Latest Stock Report on Sandvik AB (publ)
Sandvik AB (publ) Price Performance
Sandvik AB (publ) (OTCMKTS:SDVKY – Get Free Report) last released its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a return on equity of 16.56% and a net margin of 9.93%. Equities analysts expect that Sandvik AB will post 1.23 EPS for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY – Free Report) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,425 shares of the industrial products company’s stock after buying an additional 564 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 0.74% of the stock is currently owned by institutional investors.
About Sandvik AB (publ)
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.
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