ASV (ASV) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of ASV (NASDAQ:ASV) from a sell rating to a hold rating in a research report released on Monday.
According to Zacks, “ASV Holdings Inc. is a designer and manufacturer of compact construction equipment which consists of loader and skid steer loader equipment. It operates primarily in North America, Australia and New Zealand. ASV Holdings Inc. is based in Grand Rapids, United States. “
Separately, Barrington Research assumed coverage on shares of ASV in a report on Tuesday, November 21st. They issued an outperform rating and a $11.25 price objective on the stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP raised its holdings in ASV by 8.5% in the 3rd quarter. Royce & Associates LP now owns 150,790 shares of the company’s stock valued at $1,230,000 after buying an additional 11,800 shares during the period. Gilder Gagnon Howe & Co. LLC raised its holdings in ASV by 28.4% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,180,515 shares of the company’s stock valued at $9,598,000 after buying an additional 261,017 shares during the period. Manatuck Hill Partners LLC purchased a new stake in ASV in the 2nd quarter valued at about $1,915,000. Goldman Sachs Group Inc. acquired a new position in ASV in the 2nd quarter valued at about $182,000. Finally, S Squared Technology LLC acquired a new position in ASV in the 2nd quarter valued at about $2,526,000. Hedge funds and other institutional investors own 41.22% of the company’s stock.
ASV Company Profile
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ASV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASV and related companies with MarketBeat.com's FREE daily email newsletter.