Y Intercept Hong Kong Ltd Sells 3,161 Shares of Avery Dennison Corporation $AVY

Y Intercept Hong Kong Ltd reduced its stake in Avery Dennison Corporation (NYSE:AVY) by 47.0% during the third quarter, Holdings Channel.com reports. The firm owned 3,564 shares of the industrial products company’s stock after selling 3,161 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Avery Dennison were worth $578,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVY. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Avery Dennison during the 3rd quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Avery Dennison by 89.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of Avery Dennison by 156.2% in the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 114 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Avery Dennison in the second quarter worth approximately $35,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Avery Dennison in the second quarter worth $37,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Down 0.2%

NYSE AVY opened at $186.71 on Wednesday. The stock has a 50 day moving average price of $182.20 and a 200-day moving average price of $174.10. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $190.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. The company has a market capitalization of $14.43 billion, a P/E ratio of 21.24, a P/E/G ratio of 3.14 and a beta of 1.00.

Wall Street Analysts Forecast Growth

AVY has been the topic of a number of analyst reports. UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their target price for the company from $181.00 to $218.00 in a research note on Thursday, October 23rd. Argus set a $200.00 price target on Avery Dennison in a report on Tuesday, October 28th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a research note on Thursday, October 23rd. Citigroup lifted their target price on Avery Dennison from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.36.

Avery Dennison Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.