Van ECK Associates Corp Sells 2,911 Shares of Carpenter Technology Co. (NYSE:CRS)
Van ECK Associates Corp trimmed its holdings in shares of Carpenter Technology Co. (NYSE:CRS - Get Rating) by 5.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,531 shares of the basic materials company's stock after selling 2,911 shares during the quarter. Van ECK Associates Corp owned 0.10% of Carpenter Technology worth $1,480,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in Carpenter Technology by 2.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,226 shares of the basic materials company's stock valued at $369,000 after purchasing an additional 361 shares during the last quarter. Legal & General Group Plc lifted its holdings in Carpenter Technology by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 141,295 shares of the basic materials company's stock valued at $3,943,000 after purchasing an additional 392 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Carpenter Technology by 1.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 43,358 shares of the basic materials company's stock valued at $1,871,000 after purchasing an additional 412 shares during the last quarter. JB Capital LLC lifted its holdings in Carpenter Technology by 3.0% during the 2nd quarter. JB Capital LLC now owns 15,488 shares of the basic materials company's stock valued at $432,000 after purchasing an additional 448 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Carpenter Technology during the 1st quarter valued at $26,000. 92.28% of the stock is owned by institutional investors.
Carpenter Technology Stock Up 1.9 %
CRS stock opened at $44.60 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.30. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -51.86 and a beta of 1.69. The business's fifty day moving average price is $39.80 and its two-hundred day moving average price is $35.73. Carpenter Technology Co. has a fifty-two week low of $24.76 and a fifty-two week high of $44.97.
Carpenter Technology (NYSE:CRS - Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The basic materials company reported ($0.14) EPS for the quarter, hitting analysts' consensus estimates of ($0.14). Carpenter Technology had a negative return on equity of 3.35% and a negative net margin of 2.09%. The company had revenue of $522.90 million for the quarter, compared to analysts' expectations of $558.00 million. On average, equities analysts anticipate that Carpenter Technology Co. will post 1.15 earnings per share for the current year.
Analysts Set New Price Targets
Separately, StockNews.com cut Carpenter Technology from a "hold" rating to a "sell" rating in a research report on Thursday, December 8th.
Carpenter Technology Company Profile
Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.
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