Davenport Reduces $29M in ESAB Corporation ($ESAB)
Key Points
- Davenport changed its ESAB Corporation ($ESAB) stake by 30.17% last quarter, cutting to 674,417 shares worth $66.52 million.
- Wall Street's consensus rating on $ESAB is Strong Buy and an average price target of $131.18.
- $ESAB last traded around $98.63.
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Davenport reduced its position in ESAB Corporation ($ESAB) by 30.17% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 674,417 shares of ESAB Corporation after selling 291,345 shares during the quarter. Davenport's holdings in ESAB Corporation were worth $66.52 million as of its most recent filing.
ESAB Corporation Stock Up 29.0%
Shares of ESAB Corporation ($ESAB) traded around $98.63 on Saturday, up 29.0% for the day.
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About ESAB Corporation
ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. It offers its products through independent distributors and direct salespeople. It operates in Europe, Asia Pacific, South America, and the Middle East. ESAB Corporation was founded in 1904 and is headquartered in North Bethesda, Maryland.
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