Multi-Color Co. (LABL) Position Lowered by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. cut its position in shares of Multi-Color Co. (NASDAQ:LABL) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 924,343 shares of the business services provider’s stock after selling 80,600 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Multi-Color were worth $57,540,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of Multi-Color during the 2nd quarter worth about $3,436,000. Laurion Capital Management LP purchased a new position in shares of Multi-Color during the 2nd quarter worth about $207,000. BlackRock Inc. boosted its stake in shares of Multi-Color by 8.6% during the 2nd quarter. BlackRock Inc. now owns 1,935,538 shares of the business services provider’s stock worth $125,133,000 after purchasing an additional 153,887 shares during the period. King Luther Capital Management Corp purchased a new position in shares of Multi-Color during the 2nd quarter worth about $995,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Multi-Color by 84.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 316,841 shares of the business services provider’s stock worth $19,723,000 after purchasing an additional 144,927 shares during the period. 71.82% of the stock is owned by hedge funds and other institutional investors.

In other Multi-Color news, insider Nigel A. Vinecombe sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $60.88, for a total value of $1,522,000.00. Following the completion of the sale, the insider now directly owns 62,190 shares of the company’s stock, valued at approximately $3,786,127.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 32.20% of the stock is owned by insiders.

A number of research firms recently commented on LABL. Zacks Investment Research cut shares of Multi-Color from a “buy” rating to a “sell” rating in a research note on Wednesday, August 22nd. ValuEngine cut shares of Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. KeyCorp cut shares of Multi-Color from a “sector weight” rating to an “underweight” rating and set a $57.00 price target for the company. in a research note on Wednesday, August 15th. Finally, BidaskClub cut shares of Multi-Color from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Multi-Color presently has a consensus rating of “Hold” and an average target price of $67.60.

Multi-Color stock opened at $44.93 on Friday. The stock has a market capitalization of $921.03 million, a price-to-earnings ratio of 11.95 and a beta of 0.84. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.84 and a quick ratio of 1.42. Multi-Color Co. has a 1 year low of $42.96 and a 1 year high of $89.70.

Multi-Color (NASDAQ:LABL) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $453.46 million. Multi-Color had a net margin of 4.99% and a return on equity of 11.35%. The firm’s quarterly revenue was up 69.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 EPS. As a group, research analysts expect that Multi-Color Co. will post 4.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.20 annualized dividend and a yield of 0.45%. Multi-Color’s dividend payout ratio (DPR) is 5.32%.

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About Multi-Color

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

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Institutional Ownership by Quarter for Multi-Color (NASDAQ:LABL)

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