BNP Paribas Arbitrage SA boosted its stake in Aceto Corporation (NASDAQ:ACET) by 73.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,924 shares of the company’s stock after purchasing an additional 6,316 shares during the period. BNP Paribas Arbitrage SA’s holdings in Aceto were worth $168,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its holdings in Aceto by 1.6% in the 2nd quarter. State Street Corp now owns 813,664 shares of the company’s stock valued at $12,574,000 after purchasing an additional 13,159 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Aceto by 12.1% in the 3rd quarter. Fisher Asset Management LLC now owns 154,668 shares of the company’s stock valued at $1,737,000 after purchasing an additional 16,650 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Aceto by 5.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 114,076 shares of the company’s stock valued at $1,804,000 after purchasing an additional 6,156 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Aceto by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,530,011 shares of the company’s stock valued at $39,089,000 after purchasing an additional 133,773 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Aceto by 49.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 494,739 shares of the company’s stock valued at $7,646,000 after purchasing an additional 163,046 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Several research firms have commented on ACET. BidaskClub downgraded shares of Aceto from a “sell” rating to a “strong sell” rating in a research note on Friday. Canaccord Genuity set a $15.00 price target on shares of Aceto and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of Aceto from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, ValuEngine upgraded shares of Aceto from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.00.

Aceto Corporation (NASDAQ:ACET) opened at $10.73 on Friday. The company has a market cap of $328.78, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.06 and a quick ratio of 1.46. Aceto Corporation has a 12 month low of $8.29 and a 12 month high of $22.46.

Aceto (NASDAQ:ACET) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $185.26 million during the quarter, compared to the consensus estimate of $190.58 million. Aceto had a net margin of 1.07% and a return on equity of 10.18%. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. sell-side analysts forecast that Aceto Corporation will post 1.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, December 18th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.26 annualized dividend and a dividend yield of 2.42%. Aceto’s dividend payout ratio (DPR) is currently 123.81%.

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About Aceto

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 (NASDAQ:ACET)

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