Shares of Otter Tail Corp. (NASDAQ:OTTR) have earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also given Otter Tail Corp. an industry rank of 175 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Otter Tail Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th.
In related news, CFO Kevin G. Moug sold 800 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $34.07, for a total transaction of $27,256.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul L. Knutson sold 1,700 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $34.50, for a total transaction of $58,650.00. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Symons Capital Management Inc. bought a new stake in Otter Tail Corp. during the second quarter worth about $605,000. M&T Bank Corp increased its stake in Otter Tail Corp. by 3.4% in the second quarter. M&T Bank Corp now owns 10,658 shares of the company’s stock worth $357,000 after buying an additional 350 shares during the period. Stanley Laman Group Ltd. bought a new stake in Otter Tail Corp. during the second quarter worth about $987,000. Emerald Acquisition Ltd. bought a new stake in Otter Tail Corp. during the second quarter worth about $171,000. Finally, California State Teachers Retirement System increased its stake in Otter Tail Corp. by 0.3% in the second quarter. California State Teachers Retirement System now owns 79,637 shares of the company’s stock worth $2,667,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 35.95% of the company’s stock.
Shares of Otter Tail Corp. (NASDAQ:OTTR) opened at 33.49 on Wednesday. The stock’s 50 day moving average is $34.60 and its 200-day moving average is $32.33. The company has a market cap of $1.30 billion, a P/E ratio of 21.08 and a beta of 0.67. Otter Tail Corp. has a one year low of $25.20 and a one year high of $36.42.
Otter Tail Corp. (NASDAQ:OTTR) last released its quarterly earnings results on Monday, August 8th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Otter Tail Corp. had a net margin of 7.53% and a return on equity of 9.98%. The company had revenue of $203.50 million for the quarter, compared to analyst estimates of $194 million. During the same period last year, the firm earned $0.36 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that Otter Tail Corp. will post $1.60 earnings per share for the current year.
Otter Tail Corp. Company Profile
Otter Tail Corporation is a holding company. The Company, through its subsidiaries, operates through three segments: Electric, Manufacturing and Plastics. The Company’s subsidiaries own facilities and equipment used in the manufacture of producing polyvinyl chloride (PVC) pipe, thermoformed products, heavy metal fabricated products, metal parts stamping, fabricating, painting and contract machining.
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