Sei Investments Co. Takes Position in Taylor Devices, Inc. $TAYD

Sei Investments Co. acquired a new position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,550 shares of the industrial products company’s stock, valued at approximately $943,000. Sei Investments Co. owned 0.51% of Taylor Devices at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TAYD. Royal Bank of Canada increased its position in Taylor Devices by 68.2% during the fourth quarter. Royal Bank of Canada now owns 740 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Taylor Devices by 253.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 727 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Taylor Devices by 24.8% during the 1st quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company’s stock valued at $76,000 after buying an additional 468 shares during the period. Bank of America Corp DE grew its stake in shares of Taylor Devices by 16.3% during the 2nd quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company’s stock valued at $93,000 after buying an additional 301 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of Taylor Devices during the 3rd quarter worth $205,000. 17.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings raised Taylor Devices from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered Taylor Devices from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Taylor Devices Stock Up 0.1%

Shares of TAYD stock opened at $53.40 on Thursday. The stock has a market cap of $171.95 million, a price-to-earnings ratio of 16.18 and a beta of 0.94. Taylor Devices, Inc. has a fifty-two week low of $40.50 and a fifty-two week high of $90.37. The firm’s 50 day moving average price is $55.23 and its two-hundred day moving average price is $62.68.

About Taylor Devices

Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company’s core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.

The company’s product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.