Sei Investments Co. Invests $943,000 in Taylor Devices, Inc. $TAYD

Sei Investments Co. bought a new stake in Taylor Devices, Inc. (NASDAQ:TAYD) in the first quarter, HoldingsChannel reports. The fund bought 16,550 shares of the industrial products company’s stock, valued at approximately $943,000.

Several other hedge funds have also modified their holdings of the stock. Citadel Advisors LLC bought a new position in shares of Taylor Devices during the 3rd quarter worth approximately $335,000. Bank of America Corp DE raised its stake in Taylor Devices by 205.9% in the 3rd quarter. Bank of America Corp DE now owns 6,585 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 4,432 shares during the period. Two Sigma Investments LP bought a new stake in Taylor Devices in the 3rd quarter valued at $205,000. Arrowstreet Capital Limited Partnership lifted its holdings in Taylor Devices by 20.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 25,608 shares of the industrial products company’s stock valued at $1,256,000 after purchasing an additional 4,308 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Taylor Devices by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 69,326 shares of the industrial products company’s stock valued at $3,401,000 after purchasing an additional 1,153 shares during the last quarter. 17.62% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Devices Price Performance

TAYD stock opened at $53.40 on Thursday. Taylor Devices, Inc. has a fifty-two week low of $40.50 and a fifty-two week high of $90.37. The stock has a market capitalization of $171.95 million, a price-to-earnings ratio of 16.18 and a beta of 0.94. The business’s fifty day moving average price is $55.23 and its two-hundred day moving average price is $62.68.

Analyst Upgrades and Downgrades

Several research firms have commented on TAYD. Weiss Ratings upgraded shares of Taylor Devices from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of Taylor Devices from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Taylor Devices Company Profile

Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company’s core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.

The company’s product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.