State Board of Administration of Florida Retirement System cut its position in shares of Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) by 40.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,523 shares of the company’s stock after selling 11,842 shares during the period. State Board of Administration of Florida Retirement System owned about 0.06% of Rofin-Sinar Technologies worth $560,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of RSTI. Capstone Asset Management Co. raised its position in Rofin-Sinar Technologies by 0.4% in the second quarter. Capstone Asset Management Co. now owns 8,543 shares of the company’s stock worth $273,000 after buying an additional 30 shares in the last quarter. Eqis Capital Management Inc. raised its position in shares of Rofin-Sinar Technologies by 0.9% in the second quarter. Eqis Capital Management Inc. now owns 7,864 shares of the company’s stock worth $251,000 after buying an additional 74 shares during the period. Northwest Investment Counselors LLC raised its position in shares of Rofin-Sinar Technologies by 1.1% in the second quarter. Northwest Investment Counselors LLC now owns 17,346 shares of the company’s stock worth $554,000 after buying an additional 191 shares during the period. New York State Teachers Retirement System raised its position in shares of Rofin-Sinar Technologies by 1.3% in the second quarter. New York State Teachers Retirement System now owns 22,618 shares of the company’s stock worth $722,000 after buying an additional 300 shares during the period. Finally, GHP Investment Advisors Inc. raised its position in shares of Rofin-Sinar Technologies by 9.8% in the second quarter. GHP Investment Advisors Inc. now owns 11,427 shares of the company’s stock worth $365,000 after buying an additional 1,020 shares during the period. Institutional investors own 88.15% of the company’s stock.
Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) traded up 0.88% during mid-day trading on Wednesday, reaching $32.10. 136,558 shares of the company were exchanged. Rofin-Sinar Technologies Inc. has a 12 month low of $19.02 and a 12 month high of $32.50. The company’s 50 day moving average price is $32.11 and its 200-day moving average price is $31.98. The stock has a market capitalization of $912.09 million, a P/E ratio of 27.48 and a beta of 1.98.
Rofin-Sinar Technologies (NASDAQ:RSTI) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $125.94 million for the quarter, compared to the consensus estimate of $130.90 million. Rofin-Sinar Technologies had a net margin of 6.80% and a return on equity of 7.04%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities analysts expect that Rofin-Sinar Technologies Inc. will post $1.12 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Rofin-Sinar Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.67.
About Rofin-Sinar Technologies
ROFIN-SINAR Technologies Inc is engaged in the design, development, engineering, manufacturing and marketing of laser sources and laser-based system solutions for industrial material processing applications, which include primarily cutting, welding and marking a range of materials. The Company offers a range of laser components.
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