AQR Capital Management LLC Decreases Stake in inTEST Co. (NYSE:INTT)

AQR Capital Management LLC decreased its holdings in inTEST Co. (NYSE:INTT) by 61.6% in the second quarter, Holdings Channel reports. The fund owned 80,635 shares of the company’s stock after selling 129,083 shares during the period. AQR Capital Management LLC’s holdings in inTEST were worth $797,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of INTT. Allspring Global Investments Holdings LLC lifted its position in inTEST by 21.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock worth $188,000 after buying an additional 2,476 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of inTEST in the 2nd quarter worth $112,000. Redwood Wealth Management Group LLC purchased a new position in shares of inTEST during the 2nd quarter worth $132,000. Vanguard Group Inc. boosted its position in shares of inTEST by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 816,735 shares of the company’s stock valued at $10,822,000 after acquiring an additional 13,722 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in inTEST during the second quarter worth about $145,000. 63.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INTT shares. Northland Capmk cut inTEST from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th. Northland Securities lowered inTEST from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $15.00 to $10.00 in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, inTEST presently has an average rating of “Hold” and an average target price of $13.00.

Insider Buying and Selling at inTEST

In other news, CEO Richard N. Jr. Grant sold 6,788 shares of inTEST stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $6.97, for a total transaction of $47,312.36. Following the completion of the sale, the chief executive officer now directly owns 164,929 shares of the company’s stock, valued at approximately $1,149,555.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

inTEST Stock Up 5.7 %

inTEST stock opened at $7.39 on Friday. The firm has a market capitalization of $92.30 million, a P/E ratio of 11.37 and a beta of 1.92. The company has a current ratio of 2.24, a quick ratio of 1.46 and a debt-to-equity ratio of 0.09. inTEST Co. has a twelve month low of $6.28 and a twelve month high of $15.07. The stock’s fifty day simple moving average is $6.93 and its 200-day simple moving average is $9.40.

inTEST (NYSE:INTT) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). inTEST had a net margin of 4.27% and a return on equity of 7.64%. The company had revenue of $33.99 million during the quarter, compared to analysts’ expectations of $34.80 million. As a group, equities analysts expect that inTEST Co. will post 0.35 earnings per share for the current fiscal year.

inTEST Company Profile

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.