Zacks Investment Research upgraded shares of ASV (NASDAQ:ASV) from a sell rating to a hold rating in a research note released on Friday.
According to Zacks, “ASV Holdings Inc. is a designer and manufacturer of compact construction equipment which consists of loader and skid steer loader equipment. It operates primarily in North America, Australia and New Zealand. ASV Holdings Inc. is based in Grand Rapids, United States. “
Other research analysts also recently issued research reports about the company. Roth Capital set a $12.00 target price on ASV and gave the stock a buy rating in a research note on Tuesday, August 8th. Barrington Research initiated coverage on ASV in a research note on Tuesday, November 21st. They issued an outperform rating and a $11.25 target price for the company.
ASV (NASDAQ:ASV) opened at $8.50 on Friday. ASV has a 12 month low of $7.23 and a 12 month high of $9.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 0.79.
Several institutional investors and hedge funds have recently modified their holdings of ASV. Spark Investment Management LLC bought a new stake in shares of ASV during the 2nd quarter valued at about $200,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of ASV during the 2nd quarter valued at about $7,494,000. Royce & Associates LP bought a new stake in shares of ASV during the 2nd quarter valued at about $1,133,000. Neuberger Berman Group LLC bought a new stake in shares of ASV during the 2nd quarter valued at about $939,000. Finally, Pacific Ridge Capital Partners LLC bought a new stake in shares of ASV during the 2nd quarter valued at about $1,877,000. Hedge funds and other institutional investors own 41.22% of the company’s stock.
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ASV Company Profile
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
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