Acushnet Holdings Corp. (NYSE:GOLF) Holdings Reduced by Lansdowne Partners UK LLP

Lansdowne Partners UK LLP lowered its position in Acushnet Holdings Corp. (NYSE:GOLF) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 563,196 shares of the company’s stock after selling 10,579 shares during the period. Acushnet comprises approximately 2.9% of Lansdowne Partners UK LLP’s investment portfolio, making the stock its 8th biggest position. Lansdowne Partners UK LLP’s holdings in Acushnet were worth $40,032,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Acushnet by 100.6% in the 4th quarter. Blue Trust Inc. now owns 351 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Semanteon Capital Management LP raised its position in shares of Acushnet by 3.0% during the 4th quarter. Semanteon Capital Management LP now owns 9,659 shares of the company’s stock worth $687,000 after acquiring an additional 281 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of Acushnet by 8.4% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 4,196 shares of the company’s stock valued at $298,000 after buying an additional 326 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Acushnet by 3.2% during the third quarter. Orion Portfolio Solutions LLC now owns 10,628 shares of the company’s stock worth $678,000 after purchasing an additional 330 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Acushnet by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,772 shares of the company’s stock valued at $1,324,000 after acquiring an additional 376 shares during the period. 53.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Acushnet from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. KeyCorp reduced their target price on shares of Acushnet from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. downgraded shares of Acushnet from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $69.00 to $64.00 in a report on Thursday, January 23rd. Finally, Compass Point raised shares of Acushnet from a “neutral” rating to a “buy” rating and raised their target price for the company from $77.00 to $80.00 in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $72.80.

Acushnet Trading Up 1.4 %

Acushnet stock opened at $61.69 on Friday. Acushnet Holdings Corp. has a 12 month low of $55.31 and a 12 month high of $76.65. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average price of $65.41 and a two-hundred day moving average price of $67.46. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 20.98 and a beta of 0.84.

Acushnet (NYSE:GOLF) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.31. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The firm had revenue of $445.17 billion for the quarter, compared to analyst estimates of $454.83 million. As a group, equities analysts forecast that Acushnet Holdings Corp. will post 3.06 EPS for the current year.

Acushnet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.235 per share. This is a positive change from Acushnet’s previous quarterly dividend of $0.22. This represents a $0.94 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, March 7th. Acushnet’s payout ratio is presently 28.23%.

Insider Buying and Selling at Acushnet

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $70.86, for a total transaction of $1,417,200.00. Following the sale, the insider now directly owns 96,006 shares of the company’s stock, valued at approximately $6,802,985.16. This represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 54.60% of the company’s stock.

Acushnet Company 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.