The stock of AEP Industries (NASDAQ:AEPI) hit a new 52-week high and has $190.01 target or 68.00% above today’s $113.10 share price. The 9 months bullish chart indicates low risk for the $586.00 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $190.01 price target is reached, the company will be worth $398.48M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.53% or $1.7 during the last trading session, hitting $113.1. About 28,536 shares traded hands. AEP Industries (NASDAQ:AEPI) has risen 83.71% since April 7, 2016 and is uptrending. It has outperformed by 78.92% the S&P500.
According to Zacks Investment Research, “AEP Industries Inc. is a manufacturer of plastic packaging films. They manufacture both commodity films, which are made to general specifications, and specialty films, which are made to customer specifications. The films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, construction, agriculture and textile industries.”
Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.20, from 1.05 in 2016Q1. The ratio is positive, as 7 funds sold all AEP Industries shares owned while 29 reduced positions. 15 funds bought stakes while 30 increased positions. They now own 3.46 million shares or 3.57% less from 3.59 million shares in 2016Q1.
Globeflex Cap Limited Partnership owns 4,119 shares or 0.09% of their US portfolio. Gamco Investors Inc Et Al holds 0% of its portfolio in AEP Industries (NASDAQ:AEPI) for 2,750 shares. Eagle Glob Advsrs Limited Liability Corporation accumulated 10,851 shares or 0.03% of the stock. Numeric Investors Ltd Company has 116,564 shares for 0.08% of their US portfolio. New York State Teachers Retirement Systems accumulated 0% or 400 shares. Moreover, James Investment Rech has 0.02% invested in AEP Industries (NASDAQ:AEPI) for 9,795 shares. Millennium Mgmt Ltd Company has invested 0% of its portfolio in AEP Industries (NASDAQ:AEPI). Moreover, Schwab Charles Invest Mngmt has 0% invested in AEP Industries (NASDAQ:AEPI) for 33,406 shares. Lucus Advsrs Limited Liability Com holds 4,196 shares or 0.28% of its portfolio. Moreover, Metropolitan Life Ins Ny has 0% invested in AEP Industries (NASDAQ:AEPI) for 2,945 shares. The Massachusetts-based Cap Impact Lc has invested 0.51% in AEP Industries (NASDAQ:AEPI). Walleye Trading owns 200 shares or 0% of their US portfolio. Panagora Asset Incorporated last reported 1,784 shares in the company. Matarin Capital Lc has invested 0% of its portfolio in AEP Industries (NASDAQ:AEPI). Bancorp Of New York Mellon last reported 27,737 shares in the company.
Insider Transactions: Since September 22, 2016, the stock had 0 buys, and 1 sale for $14.47 million net activity. KSA CAPITAL MANAGEMENT – LLC had sold 130,000 shares worth $14.47M.
More notable recent AEP Industries (NASDAQ:AEPI) news were published by: Reuters.com which released: “Berry Plastics to buy AEP Industries to expand in North America” on August 25, 2016, also Prnewswire.com with their article: “AEP Industries Inc. Announces First Quarter Fiscal 2017 Dividend” published on October 19, 2016, Prnewswire.com published: “AEP Industries Inc. Reports Fiscal 2016 Third Quarter and Year-to-Date Results” on September 09, 2016. More interesting news about AEP Industries (NASDAQ:AEPI) were released by: Stltoday.com and their article: “Berry Plastics to buy AEP Industries” published on August 25, 2016 as well as Prnewswire.com‘s news article titled: “AEP Industries Inc. Names John Powers President And Chief Operating Officer” with publication date: November 05, 2015.
AEPI Company Profile
AEP Industries Inc., incorporated on November 13, 1985, is a maker of plastic packaging films in North America. The Firm is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries. The Company’s products include custom films, stretch (pallet) wrap, food contact, PROformance films, canliners, printed and converted films, and other products and specialty films. It makes plastic films, principally from resins blended with other raw materials, which it either sells or further processes by printing, laminating, slitting or converting. It makes both industrial grade products and specialty products. The Firm operates in the United States and Canada.
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