ESCO Technologies Inc. (NYSE:ESE) Stake Decreased by Credit Suisse AG
Credit Suisse AG decreased its stake in ESCO Technologies Inc. (NYSE:ESE) by 11.5% during the first quarter, Holdings Channel reports. The institutional investor owned 34,145 shares of the scientific and technical instruments company’s stock after selling 4,425 shares during the period. Credit Suisse AG’s holdings in ESCO Technologies were worth $1,984,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in ESCO Technologies by 46,624.3% in the first quarter. BlackRock Inc. now owns 3,078,663 shares of the scientific and technical instruments company’s stock valued at $178,871,000 after buying an additional 3,072,074 shares in the last quarter. Norges Bank purchased a new position in ESCO Technologies during the fourth quarter valued at approximately $15,530,000. Conestoga Capital Advisors LLC purchased a new position in ESCO Technologies during the first quarter valued at approximately $8,651,000. Vanguard Group Inc. boosted its position in ESCO Technologies by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,238,580 shares of the scientific and technical instruments company’s stock valued at $130,062,000 after buying an additional 124,629 shares in the last quarter. Finally, Pier Capital LLC purchased a new position in ESCO Technologies during the first quarter valued at approximately $6,224,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.
ESCO Technologies Inc. (NYSE ESE) traded down 0.19% during trading on Thursday, hitting $53.35. 19,544 shares of the company’s stock traded hands. The stock has a market cap of $1.39 billion, a P/E ratio of 26.94 and a beta of 1.01. The company’s 50 day moving average is $60.51 and its 200-day moving average is $57.94. ESCO Technologies Inc. has a 12 month low of $42.95 and a 12 month high of $63.80.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. ESCO Technologies had a net margin of 8.29% and a return on equity of 8.42%. The firm had revenue of $172 million for the quarter, compared to analysts’ expectations of $172 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. On average, analysts predict that ESCO Technologies Inc. will post $2.22 earnings per share for the current year.
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ESE has been the topic of several recent analyst reports. FBR & Co reissued an “outperform” rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. Wunderlich initiated coverage on shares of ESCO Technologies in a research report on Tuesday, June 13th. They set a “buy” rating and a $71.00 target price on the stock. Finally, BidaskClub raised shares of ESCO Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.50.
ESCO Technologies Company Profile
ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.
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