Acme United (NYSE:ACU) Upgraded to “Strong-Buy” at Singular Research

Acme United (NYSE:ACU) was upgraded by investment analysts at Singular Research from a “moderate buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks.com reports. Singular Research also issued estimates for Acme United’s Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $2.78 EPS, Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.67 EPS and FY2025 earnings at $2.94 EPS.

Separately, StockNews.com upgraded shares of Acme United from a “hold” rating to a “buy” rating in a research note on Saturday, July 20th.

Acme United Stock Performance

Shares of ACU opened at $38.73 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.51 and a quick ratio of 1.90. The firm has a market capitalization of $141.75 million, a P/E ratio of 16.07 and a beta of 0.66. The business has a fifty day moving average of $36.15 and a 200 day moving average of $41.51. Acme United has a one year low of $25.01 and a one year high of $50.99.

Acme United (NYSE:ACU) last posted its quarterly earnings data on Friday, July 19th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. Acme United had a return on equity of 10.40% and a net margin of 10.09%. The firm had revenue of $55.43 million for the quarter, compared to analysts’ expectations of $56.50 million. As a group, sell-side analysts anticipate that Acme United will post 2.53 EPS for the current year.

Insider Activity at Acme United

In other Acme United news, COO Brian S. Olschan sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $42.08, for a total transaction of $55,545.60. Following the sale, the chief operating officer now directly owns 41,103 shares of the company’s stock, valued at $1,729,614.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Brian S. Olschan sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $42.08, for a total transaction of $55,545.60. Following the transaction, the chief operating officer now owns 41,103 shares of the company’s stock, valued at approximately $1,729,614.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Brian S. Olschan sold 1,219 shares of Acme United stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $40.30, for a total transaction of $49,125.70. Following the transaction, the chief operating officer now directly owns 41,103 shares of the company’s stock, valued at $1,656,450.90. The disclosure for this sale can be found here. Insiders have sold a total of 15,905 shares of company stock valued at $658,194 over the last 90 days. 34.10% of the stock is owned by corporate insiders.

Institutional Trading of Acme United

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Acme United by 8.1% during the first quarter. Vanguard Group Inc. now owns 142,858 shares of the company’s stock valued at $6,713,000 after buying an additional 10,675 shares during the last quarter. Acadian Asset Management LLC grew its position in Acme United by 117.3% in the 1st quarter. Acadian Asset Management LLC now owns 29,872 shares of the company’s stock valued at $1,400,000 after acquiring an additional 16,128 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Acme United by 71.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 26,755 shares of the company’s stock worth $1,257,000 after purchasing an additional 11,113 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Acme United by 9.2% during the first quarter. Janney Montgomery Scott LLC now owns 15,958 shares of the company’s stock worth $750,000 after purchasing an additional 1,338 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of Acme United during the fourth quarter valued at $223,000. Institutional investors own 62.10% of the company’s stock.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.