Otter Tail Corp. (NASDAQ:OTTR) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.21 and last traded at $34.18, with a volume of 71,934 shares traded. The stock had previously closed at $33.96.

Separately, Zacks Investment Research raised shares of Otter Tail Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 13th.

The company has a market capitalization of $1.30 billion and a P/E ratio of 23.09. The company has a 50 day moving average price of $32.29 and a 200-day moving average price of $29.21.

Otter Tail Corp. (NASDAQ:OTTR) last posted its earnings results on Monday, May 2nd. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.07. The company earned $206.20 million during the quarter, compared to analyst estimates of $207.70 million. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. On average, equities analysts anticipate that Otter Tail Corp. will post $1.60 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in Otter Tail Corp. by 1.0% in the fourth quarter. Rhumbline Advisers now owns 55,435 shares of the company’s stock worth $1,476,000 after buying an additional 535 shares during the last quarter. California State Teachers Retirement System boosted its position in Otter Tail Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 69,506 shares of the company’s stock worth $1,851,000 after buying an additional 1,246 shares during the last quarter. Morgan Stanley boosted its position in Otter Tail Corp. by 1.0% in the fourth quarter. Morgan Stanley now owns 96,445 shares of the company’s stock worth $2,567,000 after buying an additional 923 shares during the last quarter. California Public Employees Retirement System boosted its position in Otter Tail Corp. by 12.8% in the fourth quarter. California Public Employees Retirement System now owns 151,800 shares of the company’s stock worth $4,042,000 after buying an additional 17,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Otter Tail Corp. by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 980,986 shares of the company’s stock worth $26,124,000 after buying an additional 17,250 shares during the last quarter.

Otter Tail Corporation is a holding company. The Company, through its subsidiaries, operates through three segments: Electric, Manufacturing and Plastics. The Company’s subsidiaries own facilities and equipment used in the manufacture of producing polyvinyl chloride (PVC) pipe, thermoformed products, heavy metal fabricated products, metal parts stamping, fabricating, painting and contract machining.

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