According to Zacks, “Jason Industries, Inc. engages in the manufacturing of Finishing, Seating, Components, and Automotive Acoustics. It produces finishing products, including industrial brushes, buffing wheels, and buffing compounds; supplies seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets, as well as original equipment manufacturer seating for the heavyweight motorcycles; manufactures engineered non-woven, fiber-based acoustical products; manufactures stamped, formed, expanded, and perforated metal components and subassemblies. Jason Industries, Inc. is headquartered in Milwaukee, Wisconsin. “
Separately, Stifel Nicolaus lowered their target price on shares of Jason Industries from $8.00 to $4.00 and set a buy rating for the company in a research note on Friday, August 5th.
Jason Industries (NASDAQ:JASN) traded down 3.60% during midday trading on Wednesday, hitting $2.14. The stock had a trading volume of 6,440 shares. Jason Industries has a 12 month low of $1.87 and a 12 month high of $5.10. The stock’s market cap is $47.93 million. The stock has a 50 day moving average of $2.19 and a 200 day moving average of $3.31.
Jason Industries (NASDAQ:JASN) last issued its earnings results on Thursday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.14. Jason Industries had a negative return on equity of 2.17% and a negative net margin of 10.86%. Analysts expect that Jason Industries will post ($0.11) EPS for the current fiscal year.
In related news, major shareholder Wynnefield Partners Small Cap purchased 30,241 shares of Jason Industries stock in a transaction that occurred on Tuesday, August 30th. The stock was purchased at an average cost of $1.90 per share, with a total value of $57,457.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alex Mitchell sold 200,686 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $2.84, for a total transaction of $569,948.24. The disclosure for this sale can be found here. 23.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its stake in shares of Jason Industries by 0.6% in the second quarter. Gamco Investors INC. ET AL now owns 35,500 shares of the company’s stock worth $128,000 after buying an additional 200 shares during the period. Lorber David A bought a new stake in shares of Jason Industries during the first quarter worth $129,000. Credit Agricole S A boosted its stake in shares of Jason Industries by 1.6% in the first quarter. Credit Agricole S A now owns 137,844 shares of the company’s stock worth $482,000 after buying an additional 2,126 shares during the period. Finally, Heartland Advisors Inc. boosted its stake in shares of Jason Industries by 20.2% in the second quarter. Heartland Advisors Inc. now owns 1,201,900 shares of the company’s stock worth $4,339,000 after buying an additional 201,900 shares during the period. 58.60% of the stock is owned by hedge funds and other institutional investors.
Jason Industries Company Profile
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
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