Robeco Institutional Asset Management B.V. Acquires Shares of 21,039 Fox Factory Holding Corp (FOXF)

Robeco Institutional Asset Management B.V. acquired a new stake in Fox Factory Holding Corp (NASDAQ:FOXF) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 21,039 shares of the company’s stock, valued at approximately $817,000.

A number of other institutional investors have also recently made changes to their positions in FOXF. Ameritas Investment Partners Inc. grew its stake in Fox Factory by 76.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock valued at $110,000 after acquiring an additional 1,332 shares during the period. Amalgamated Bank acquired a new stake in Fox Factory in the third quarter valued at approximately $209,000. Polen Capital Management LLC acquired a new stake in Fox Factory in the third quarter valued at approximately $225,000. State Board of Administration of Florida Retirement System acquired a new stake in Fox Factory in the third quarter valued at approximately $230,000. Finally, Profund Advisors LLC acquired a new stake in Fox Factory in the second quarter valued at approximately $234,000. 98.70% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on FOXF. BidaskClub cut Fox Factory from a “sell” rating to a “strong sell” rating in a research note on Monday. Zacks Investment Research cut Fox Factory from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research note on Thursday, January 18th. ValuEngine cut Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus reissued a “hold” rating on shares of Fox Factory in a research note on Wednesday, November 1st. Finally, SunTrust Banks reissued a “hold” rating and issued a $36.00 price objective on shares of Fox Factory in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Fox Factory presently has an average rating of “Hold” and an average target price of $39.43.

Fox Factory Holding Corp (FOXF) opened at $36.50 on Wednesday. The stock has a market capitalization of $1,321.48, a P/E ratio of 23.16, a P/E/G ratio of 1.38 and a beta of 0.56. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory Holding Corp has a 1 year low of $25.74 and a 1 year high of $46.80.

In related news, CFO Zvi Glasman sold 10,000 shares of Fox Factory stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.37, for a total transaction of $393,700.00. Following the transaction, the chief financial officer now owns 160,331 shares of the company’s stock, valued at $6,312,231.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Larry L. Enterline sold 75,000 shares of Fox Factory stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $38.08, for a total value of $2,856,000.00. Following the transaction, the chief executive officer now directly owns 124,934 shares in the company, valued at approximately $4,757,486.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,000 shares of company stock worth $3,845,500. 21.40% of the stock is owned by insiders.

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Fox Factory Profile

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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