AEP Industries Inc. (AEPI) Major Shareholder Sells $14,472,900.00 in Stock

AEP Industries Inc. (NASDAQ:AEPI) major shareholder Ksa Capital Management, Llc sold 130,000 shares of AEP Industries stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $111.33, for a total value of $14,472,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of AEP Industries Inc. (NASDAQ:AEPI) opened at 109.72 on Friday. AEP Industries Inc. has a 12-month low of $56.89 and a 12-month high of $112.38. The company’s 50 day moving average price is $100.92 and its 200-day moving average price is $78.77. The firm has a market cap of $561.00 million, a P/E ratio of 14.60 and a beta of 0.92.

AEP Industries (NASDAQ:AEPI) last posted its earnings results on Friday, September 9th. The company reported $1.22 earnings per share (EPS) for the quarter. The firm had revenue of $283.69 million for the quarter. AEP Industries had a return on equity of 37.72% and a net margin of 3.55%. On average, equities research analysts anticipate that AEP Industries Inc. will post $1.91 EPS for the current year.

Separately, TheStreet raised AEP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, June 28th.

About AEP Industries

AEP Industries Inc is a manufacturer of plastic packaging films in North America. The Company is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries.

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