Teachers Retirement System of The State of Kentucky continued to hold its stake in shares of Aceto Corporation (NASDAQ:ACET) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,900 shares of the company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Aceto Corporation were worth $157,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of ACET. Louisiana State Employees Retirement System raised its stake in shares of Aceto Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company’s stock valued at $194,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its stake in shares of Aceto Corporation by 1.3% in the first quarter. Arizona State Retirement System now owns 15,649 shares of the company’s stock valued at $247,000 after buying an additional 200 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Aceto Corporation by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 15,824 shares of the company’s stock valued at $250,000 after buying an additional 224 shares during the period. Mason Street Advisors LLC raised its stake in shares of Aceto Corporation by 7.2% in the first quarter. Mason Street Advisors LLC now owns 7,043 shares of the company’s stock valued at $111,000 after buying an additional 476 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Aceto Corporation by 1.5% in the first quarter. Bank of Montreal Can now owns 63,614 shares of the company’s stock valued at $1,006,000 after buying an additional 913 shares during the period. 81.06% of the stock is owned by hedge funds and other institutional investors.

Aceto Corporation (ACET) traded up 1.51% during midday trading on Monday, hitting $16.13. The stock had a trading volume of 16,734 shares. The company has a market capitalization of $485.51 million, a PE ratio of 30.78 and a beta of 1.27. The stock’s 50-day moving average is $15.65 and its 200-day moving average is $15.43. Aceto Corporation has a 1-year low of $13.50 and a 1-year high of $25.98.

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Several brokerages have issued reports on ACET. BidaskClub lowered Aceto Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Canaccord Genuity assumed coverage on Aceto Corporation in a research note on Monday, July 31st. They issued a “buy” rating and a $19.00 target price for the company. ValuEngine lowered Aceto Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised Aceto Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $21.33.

In related news, Chairman Albert L. Eilender sold 6,500 shares of Aceto Corporation stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $15.21, for a total value of $98,865.00. Following the completion of the transaction, the chairman now owns 252,029 shares in the company, valued at $3,833,361.09. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Walter J. Kaczmarek III sold 7,083 shares of Aceto Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $16.57, for a total value of $117,365.31. Following the completion of the transaction, the chief operating officer now owns 47,917 shares of the company’s stock, valued at approximately $793,984.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,065 shares of company stock valued at $515,271. 4.10% of the stock is currently owned by company insiders.

Aceto Corporation Company Profile

Aceto Corporation (Aceto) is engaged in the marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.

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Institutional Ownership by Quarter for Aceto Corporation (NASDAQ:ACET)

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