ASV (NASDAQ:ASV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
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. “
Separately, Barrington Research began coverage on ASV in a research report on Tuesday, November 21st. They issued an “outperform” rating and a $11.25 price objective for the company.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. S Squared Technology LLC purchased a new position in shares of ASV during the second quarter worth $2,526,000. Pacific Ridge Capital Partners LLC purchased a new position in shares of ASV during the second quarter worth $1,877,000. Kennedy Capital Management Inc. purchased a new position in ASV in the second quarter valued at $3,161,000. Manatuck Hill Partners LLC purchased a new position in ASV in the second quarter valued at $1,915,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in ASV by 28.4% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,180,515 shares of the company’s stock valued at $9,598,000 after purchasing an additional 261,017 shares during the period. Institutional investors and hedge funds 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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