Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. trimmed its holdings in shares of AZZ Inc (NYSE:AZZ) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,381 shares of the industrial products company’s stock after selling 2,204 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in AZZ were worth $1,552,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of AZZ. Nationwide Fund Advisors raised its stake in shares of AZZ by 14.2% during the third quarter. Nationwide Fund Advisors now owns 43,025 shares of the industrial products company’s stock worth $2,095,000 after buying an additional 5,355 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of AZZ during the third quarter worth approximately $251,000. American Century Companies Inc. bought a new stake in shares of AZZ during the third quarter worth approximately $17,054,000. BNP Paribas Arbitrage SA increased its stake in AZZ by 50.4% in the third quarter. BNP Paribas Arbitrage SA now owns 13,604 shares of the industrial products company’s stock valued at $663,000 after purchasing an additional 4,557 shares in the last quarter. Finally, Sei Investments Co. increased its stake in AZZ by 224.3% in the third quarter. Sei Investments Co. now owns 24,297 shares of the industrial products company’s stock valued at $1,183,000 after purchasing an additional 16,806 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.
Shares of AZZ Inc (NYSE AZZ) opened at $45.45 on Wednesday. AZZ Inc has a 12 month low of $40.00 and a 12 month high of $61.55. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.53. The company has a market cap of $1,152.68, a P/E ratio of 22.54 and a beta of 1.36.
Separately, Zacks Investment Research downgraded shares of AZZ from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th.
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AZZ Company Profile
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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