Otter Tail Corporation (NASDAQ: OTTR) is -0.49% lower on its value in year-to-date trading and has touched a low of $68.96 and a high of $100.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OTTR stock was last observed hovering at around $83.50 in the last trading session, with the day’s gains setting it 1.05%.
Currently trading at $84.55, the stock is -4.78% and -5.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 1.26% at the moment leaves the stock -2.35% off its SMA200. OTTR registered 0.92% gain for a year compared to 6-month gain of -5.72%.
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The stock witnessed a -11.57% loss in the last 1 month and extending the period to 3 months gives it a -6.54%, and is -6.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.34% over the week and 3.17% over the month.
Otter Tail Corporation (OTTR) has around 2655 employees, a market worth around $3.54B and $1.36B in sales. Current P/E ratio is 11.43 and Fwd P/E is 17.15. Profit margin for the company is 22.84%. Distance from 52-week low is 22.61% and -16.16% from its 52-week high. The company has generated returns on investments over the last 12 months (12.40%).
The EPS is expected to shrink by 0.00% this year.
Otter Tail Corporation (OTTR) Top Institutional Holders
408.0 institutions hold shares in Otter Tail Corporation (OTTR), with institutional investors hold 69.75% of the company’s shares. The shares outstanding are 41.71M, and float is at 40.90M with Short Float at 7.75%. Institutions hold 68.17% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.5 million shares valued at $568.95 million. The investor’s holdings represent 15.568% of the OTTR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.2 million shares valued at $$455.6 million to account for 12.4665 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.58 million shares representing 3.7878% and valued at over $138.43 million, while DIMENSIONAL FUND ADVISORS LP holds 2.4819 of the shares totaling 1.04 million with a market value of $90.7 million.
Otter Tail Corporation (OTTR) Insider Activity
The most recent transaction is an insider sale by Smestad Jennifer O.,the company’sVP, General Council & Corp Sec. SEC filings show that Smestad Jennifer O. sold 4,000 shares of the company’s common stock on Aug 13 ’24 at a price of $88.74 per share for a total of $0.35 million. Following the sale, the insider now owns 12300.0 shares.
Still, SEC filings show that on May 24 ’24, KNUTSON PAUL L (VP, Human Resources) disposed off 4,000 shares at an average price of $90.66 for $0.36 million. The insider now directly holds 20,359 shares of Otter Tail Corporation (OTTR).
