Zacks Investment Research upgraded shares of Ampco-Pittsburgh Corporation (NYSE:AP) from a sell rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “Ampco-Pittsburgh Corporation’s businesses are classified in three segments: Forged and Cast Rolls, Air and Liquid Processing, and Plastics Processing Machinery. “

Separately, ValuEngine upgraded Ampco-Pittsburgh Corporation from a strong sell rating to a sell rating in a research note on Saturday, May 20th.

Shares of Ampco-Pittsburgh Corporation (NYSE:AP) traded up 1.03% during mid-day trading on Tuesday, hitting $14.70. 9,854 shares of the stock traded hands. The stock has a 50-day moving average of $15.26 and a 200 day moving average of $15.16. Ampco-Pittsburgh Corporation has a one year low of $9.34 and a one year high of $18.25. The stock’s market cap is $180.37 million.

Ampco-Pittsburgh Corporation (NYSE:AP) last announced its quarterly earnings data on Tuesday, May 9th. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.33. Ampco-Pittsburgh Corporation had a negative return on equity of 24.28% and a negative net margin of 20.83%. The firm had revenue of $103.52 million for the quarter, compared to the consensus estimate of $106 million. Equities analysts predict that Ampco-Pittsburgh Corporation will post ($0.47) EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its stake in Ampco-Pittsburgh Corporation by 1.5% in the first quarter. Parametric Portfolio Associates LLC now owns 16,643 shares of the industrial products company’s stock worth $234,000 after buying an additional 243 shares during the last quarter. Bank of America Corp DE boosted its stake in Ampco-Pittsburgh Corporation by 1.9% in the first quarter. Bank of America Corp DE now owns 16,523 shares of the industrial products company’s stock worth $232,000 after buying an additional 315 shares during the last quarter. Teachers Advisors LLC boosted its stake in Ampco-Pittsburgh Corporation by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 14,966 shares of the industrial products company’s stock worth $251,000 after buying an additional 1,467 shares during the last quarter. Boston Partners boosted its stake in Ampco-Pittsburgh Corporation by 0.7% in the first quarter. Boston Partners now owns 243,318 shares of the industrial products company’s stock worth $3,419,000 after buying an additional 1,730 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Ampco-Pittsburgh Corporation by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 544,897 shares of the industrial products company’s stock worth $9,127,000 after buying an additional 3,523 shares during the last quarter. Institutional investors own 56.63% of the company’s stock.

Ampco-Pittsburgh Corporation Company Profile

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).

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