Ampco-Pittsburgh Corp (NYSE:AP) major shareholder Louis Berkman Investment Co sold 4,363 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $11.00, for a total transaction of $47,993.00. Following the sale, the insider now owns 1,318,911 shares in the company, valued at approximately $14,508,021. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Louis Berkman Investment Co also recently made the following trade(s):

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  • On Wednesday, March 14th, Louis Berkman Investment Co sold 532 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.00, for a total value of $5,852.00.
  • On Monday, March 12th, Louis Berkman Investment Co sold 14,411 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.13, for a total value of $160,394.43.
  • On Friday, March 9th, Louis Berkman Investment Co sold 4,840 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.06, for a total value of $53,530.40.
  • On Wednesday, March 7th, Louis Berkman Investment Co sold 10,566 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.05, for a total value of $116,754.30.
  • On Monday, March 5th, Louis Berkman Investment Co sold 2,300 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.00, for a total value of $25,300.00.
  • On Friday, March 2nd, Louis Berkman Investment Co sold 1,393 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.00, for a total value of $15,323.00.
  • On Wednesday, February 28th, Louis Berkman Investment Co sold 26 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.00, for a total value of $286.00.
  • On Monday, February 26th, Louis Berkman Investment Co sold 1,642 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.02, for a total value of $18,094.84.
  • On Thursday, February 22nd, Louis Berkman Investment Co sold 2,803 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.01, for a total value of $30,861.03.
  • On Tuesday, February 20th, Louis Berkman Investment Co sold 3,194 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.01, for a total value of $35,165.94.

Ampco-Pittsburgh stock traded down $0.23 on Thursday, hitting $9.92. The stock had a trading volume of 11,581 shares, compared to its average volume of 34,409. Ampco-Pittsburgh Corp has a 12-month low of $9.60 and a 12-month high of $18.59. The company has a quick ratio of 0.98, a current ratio of 1.66 and a debt-to-equity ratio of 0.29.

AP has been the subject of several recent analyst reports. Zacks Investment Research raised Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. ValuEngine lowered Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.00.

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Ampco-Pittsburgh by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 633,265 shares of the industrial products company’s stock worth $11,020,000 after buying an additional 36,417 shares during the last quarter. BlackRock Inc. boosted its stake in Ampco-Pittsburgh by 2.7% during the fourth quarter. BlackRock Inc. now owns 600,154 shares of the industrial products company’s stock worth $7,442,000 after buying an additional 15,807 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Ampco-Pittsburgh by 2.5% during the fourth quarter. Renaissance Technologies LLC now owns 271,200 shares of the industrial products company’s stock worth $3,363,000 after buying an additional 6,700 shares during the last quarter. State Street Corp boosted its stake in Ampco-Pittsburgh by 10.4% during the second quarter. State Street Corp now owns 128,827 shares of the industrial products company’s stock worth $1,897,000 after buying an additional 12,087 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Ampco-Pittsburgh by 7.4% during the second quarter. Northern Trust Corp now owns 104,638 shares of the industrial products company’s stock worth $1,543,000 after buying an additional 7,212 shares during the last quarter. 56.30% of the stock is owned by institutional investors and hedge funds.

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About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).

Insider Buying and Selling by Quarter for Ampco-Pittsburgh (NYSE:AP)

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