California Public Employees Retirement System decreased its position in shares of Aceto Corporation (NASDAQ:ACET) by 4.1% during the first quarter, Holdings Channel reports. The firm owned 71,900 shares of the company’s stock after selling 3,100 shares during the period. California Public Employees Retirement System’s holdings in Aceto Corporation were worth $1,137,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in Aceto Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 48,713 shares of the company’s stock worth $1,070,000 after buying an additional 1,307 shares during the period. Bank of Montreal Can increased its position in Aceto Corporation by 1.5% in the first quarter. Bank of Montreal Can now owns 63,614 shares of the company’s stock worth $1,006,000 after buying an additional 913 shares during the period. Louisiana State Employees Retirement System increased its position in Aceto Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company’s stock worth $194,000 after buying an additional 200 shares during the period. Fisher Asset Management LLC increased its position in Aceto Corporation by 48.1% in the first quarter. Fisher Asset Management LLC now owns 103,850 shares of the company’s stock worth $1,642,000 after buying an additional 33,745 shares during the period. Finally, Hillcrest Asset Management LLC increased its position in Aceto Corporation by 35.1% in the first quarter. Hillcrest Asset Management LLC now owns 551,357 shares of the company’s stock worth $8,717,000 after buying an additional 143,355 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Aceto Corporation (NASDAQ:ACET) traded down 1.00% during trading on Friday, hitting $15.91. 182,753 shares of the company’s stock traded hands. Aceto Corporation has a 12 month low of $13.50 and a 12 month high of $25.98. The company’s 50 day moving average is $15.63 and its 200-day moving average is $15.46. The stock has a market cap of $478.89 million, a P/E ratio of 30.36 and a beta of 1.27.

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ACET has been the subject of a number of analyst reports. Zacks Investment Research downgraded Aceto Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. ValuEngine cut shares of Aceto Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Aceto Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Canaccord Genuity initiated coverage on shares of Aceto Corporation in a research report on Monday, July 31st. They set a “buy” rating and a $19.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.33.

In other news, COO Walter J. Kaczmarek III sold 7,083 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $16.57, for a total transaction of $117,365.31. Following the sale, the chief operating officer now owns 47,917 shares in the company, valued at $793,984.69. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Salvatore J. Sr Guccione, Sr. sold 7,421 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $15.21, for a total transaction of $112,873.41. Following the sale, the chief executive officer now owns 190,662 shares in the company, valued at approximately $2,899,969.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,065 shares of company stock worth $515,271. Corporate insiders own 4.10% of the company’s stock.

About Aceto Corporation

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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