Alfa Laval Corporate (OTCMKTS:ALFVY) Shares Up 1.1% – Here’s What Happened

Alfa Laval Corporate AB (OTCMKTS:ALFVY)’s share price traded up 1.1% during mid-day trading on Tuesday . The stock traded as high as $43.88 and last traded at $43.82. 13,982 shares were traded during trading, a decline of 55% from the average session volume of 30,915 shares. The stock had previously closed at $43.36.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised Alfa Laval Corporate from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 9th. The Goldman Sachs Group raised Alfa Laval Corporate from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 26th.

Alfa Laval Corporate Trading Up 1.1%

The stock has a market capitalization of $18.11 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 2.08 and a beta of 1.39. The firm has a 50-day moving average price of $41.96 and a 200-day moving average price of $42.80. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22.

Alfa Laval Corporate (OTCMKTS:ALFVY) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. Alfa Laval Corporate had a return on equity of 18.34% and a net margin of 11.07%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.56 billion. As a group, equities analysts forecast that Alfa Laval Corporate AB will post 1.85 EPS for the current fiscal year.

Alfa Laval Corporate Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 5th will be issued a $0.6343 dividend. This represents a yield of 1.52%. The ex-dividend date is Friday, May 2nd. Alfa Laval Corporate’s dividend payout ratio (DPR) is currently 43.43%.

Alfa Laval Corporate Company Profile

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.