Janus Henderson Group PLC Has $3.32 Million Stake in Acushnet Holdings Corp. (NYSE:GOLF)

Janus Henderson Group PLC increased its position in shares of Acushnet Holdings Corp. (NYSE:GOLF) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,737 shares of the company’s stock after purchasing an additional 2,990 shares during the period. Janus Henderson Group PLC owned about 0.08% of Acushnet worth $3,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOLF. Barclays PLC raised its stake in Acushnet by 361.5% during the third quarter. Barclays PLC now owns 48,563 shares of the company’s stock worth $3,096,000 after acquiring an additional 38,041 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Acushnet by 34.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,662 shares of the company’s stock valued at $331,000 after buying an additional 1,187 shares during the period. Blue Trust Inc. boosted its position in shares of Acushnet by 100.6% in the 4th quarter. Blue Trust Inc. now owns 351 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares during the last quarter. Berry Wealth Group LP bought a new position in Acushnet during the fourth quarter worth about $202,000. Finally, Robertson Stephens Wealth Management LLC boosted its stake in Acushnet by 8.4% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 4,196 shares of the company’s stock worth $298,000 after acquiring an additional 326 shares during the last quarter. Institutional investors own 53.12% of the company’s stock.

Insider Activity

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of Acushnet stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $70.86, for a total transaction of $1,417,200.00. Following the transaction, the insider now directly owns 96,006 shares of the company’s stock, valued at approximately $6,802,985.16. The trade was a 17.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 54.60% of the stock is owned by corporate insiders.

Acushnet Price Performance

Acushnet stock opened at $71.90 on Tuesday. The firm has a market cap of $4.23 billion, a PE ratio of 24.46 and a beta of 0.90. The stock’s fifty day moving average price is $64.80 and its two-hundred day moving average price is $68.00. Acushnet Holdings Corp. has a one year low of $55.31 and a one year high of $76.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.14.

Acushnet (NYSE:GOLF) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.32 by $0.30. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The business had revenue of $703.37 million during the quarter, compared to the consensus estimate of $697.82 million. During the same period in the previous year, the business earned $1.35 earnings per share. The company’s revenue was down .6% on a year-over-year basis. As a group, research analysts expect that Acushnet Holdings Corp. will post 3.06 EPS for the current fiscal year.

Acushnet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, June 6th. Acushnet’s payout ratio is 26.11%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Compass Point cut Acushnet from a “buy” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $71.00 in a research note on Monday, May 5th. Truist Financial lifted their target price on Acushnet from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, May 8th. StockNews.com lowered shares of Acushnet from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. JPMorgan Chase & Co. cut Acushnet from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $69.00 to $64.00 in a research report on Thursday, January 23rd. Finally, KeyCorp lifted their target price on shares of Acushnet from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $70.00.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.