Moody Aldrich Partners LLC Has $4.32 Million Stock Holdings in Acushnet Holdings Corp. (NYSE:GOLF)

Moody Aldrich Partners LLC lifted its position in Acushnet Holdings Corp. (NYSE:GOLF) by 34.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,810 shares of the company’s stock after buying an additional 17,222 shares during the quarter. Moody Aldrich Partners LLC owned about 0.11% of Acushnet worth $4,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GOLF. Vanguard Group Inc. lifted its holdings in shares of Acushnet by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,010,318 shares of the company’s stock worth $198,530,000 after buying an additional 15,088 shares during the last quarter. Victory Capital Management Inc. raised its stake in Acushnet by 871.1% during the 2nd quarter. Victory Capital Management Inc. now owns 991,627 shares of the company’s stock valued at $62,948,000 after purchasing an additional 889,515 shares during the last quarter. Raymond James & Associates boosted its holdings in Acushnet by 0.9% in the 3rd quarter. Raymond James & Associates now owns 466,099 shares of the company’s stock valued at $29,714,000 after purchasing an additional 4,300 shares during the period. Tributary Capital Management LLC grew its position in Acushnet by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 266,374 shares of the company’s stock worth $16,909,000 after purchasing an additional 791 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Acushnet by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,447 shares of the company’s stock worth $15,264,000 after purchasing an additional 4,644 shares during the period. 53.12% of the stock is owned by institutional investors.

Acushnet Price Performance

Shares of NYSE GOLF traded up $0.39 during mid-day trading on Thursday, hitting $60.61. 23,467 shares of the stock were exchanged, compared to its average volume of 306,166. The company has a market cap of $3.82 billion, a P/E ratio of 20.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.27 and a current ratio of 2.28. Acushnet Holdings Corp. has a twelve month low of $49.42 and a twelve month high of $74.77. The stock’s fifty day simple moving average is $64.55 and its two-hundred day simple moving average is $64.61.

Acushnet (NYSE:GOLF) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.09). The business had revenue of $683.90 million for the quarter, compared to analyst estimates of $709.83 million. Acushnet had a net margin of 7.91% and a return on equity of 21.17%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share. As a group, analysts forecast that Acushnet Holdings Corp. will post 3.02 EPS for the current fiscal year.

Acushnet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, September 6th. Acushnet’s dividend payout ratio is currently 29.86%.

Analyst Upgrades and Downgrades

GOLF has been the subject of several research reports. Truist Financial increased their target price on shares of Acushnet from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Jefferies Financial Group lowered shares of Acushnet from a “buy” rating to a “hold” rating and lowered their price target for the company from $86.00 to $75.00 in a report on Tuesday, September 17th. Finally, Compass Point reduced their price objective on shares of Acushnet from $78.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Acushnet presently has an average rating of “Hold” and a consensus price target of $67.43.

Insider Buying and Selling at Acushnet

In other news, Director Holdings Corp. Fila sold 1,110,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $64.19, for a total transaction of $71,250,900.00. Following the transaction, the director now directly owns 31,412,966 shares in the company, valued at approximately $2,016,398,287.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 54.60% of the company’s stock.

Acushnet Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.