Susquehanna Fundamental Investments LLC Sells 11,326 Shares of ESAB Corporation $ESAB

Susquehanna Fundamental Investments LLC reduced its stake in shares of ESAB Corporation (NYSE:ESAB) by 55.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,282 shares of the company’s stock after selling 11,326 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in ESAB were worth $915,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ESAB. Los Angeles Capital Management LLC acquired a new position in ESAB during the fourth quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after purchasing an additional 174 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in ESAB by 259.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after acquiring an additional 275 shares during the last quarter. Global Retirement Partners LLC grew its position in ESAB by 3,023.1% in the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock valued at $45,000 after purchasing an additional 393 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in ESAB by 185.3% during the fourth quarter. UMB Bank n.a. now owns 642 shares of the company’s stock valued at $72,000 after purchasing an additional 417 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of ESAB stock in a transaction on Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the director owned 1,000 shares in the company, valued at $95,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is currently owned by company insiders.

ESAB Stock Down 1.8%

Shares of NYSE ESAB opened at $74.03 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.96 and a quick ratio of 1.22. The company has a 50-day moving average price of $87.40 and a 200-day moving average price of $97.03. The stock has a market capitalization of $4.60 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.47 and a beta of 1.17. ESAB Corporation has a 1 year low of $73.78 and a 1 year high of $137.42.

ESAB (NYSE:ESAB) last released its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The business had revenue of $807.63 million for the quarter, compared to the consensus estimate of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities research analysts forecast that ESAB Corporation will post 5.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a report on Monday, July 20th. Roth Capital lifted their price objective on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. DA Davidson started coverage on shares of ESAB in a report on Monday, June 15th. They issued a “buy” rating and a $130.00 target price for the company. Weiss Ratings cut ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Oppenheimer reduced their price target on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ESAB presently has an average rating of “Moderate Buy” and a consensus target price of $138.14.

ESAB Company Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.