Actuant Corp. (NYSE:ATU) CEO Randal W. Baker acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were bought at an average cost of $22.55 per share, with a total value of $225,500.00. Following the transaction, the chief executive officer now directly owns 79,376 shares of the company’s stock, valued at approximately $1,789,928.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Actuant Corp. (NYSE:ATU) opened at 22.26 on Wednesday. The company’s market cap is $1.31 billion. The firm’s 50-day moving average is $22.84 and its 200-day moving average is $24.40. Actuant Corp. has a 12 month low of $20.49 and a 12 month high of $27.71.
Actuant Corp. (NYSE:ATU) last posted its quarterly earnings results on Wednesday, September 28th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm earned $275.77 million during the quarter. Actuant Corp. had a positive return on equity of 13.22% and a negative net margin of 9.15%. Actuant Corp.’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. On average, analysts anticipate that Actuant Corp. will post ($0.01) EPS for the current fiscal year.
ATU has been the subject of a number of research analyst reports. Wells Fargo & Co. lowered shares of Actuant Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, October 7th. Royal Bank Of Canada cut their price objective on shares of Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, June 23rd. Zacks Investment Research raised shares of Actuant Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Barclays PLC reaffirmed an “equal weight” rating and set a $20.00 price objective on shares of Actuant Corp. in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. lowered shares of Actuant Corp. from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $25.00 to $20.00 in a research report on Wednesday, June 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.67.
Several institutional investors have recently bought and sold shares of ATU. Fuller & Thaler Asset Management Inc. raised its position in Actuant Corp. by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,876,283 shares of the company’s stock valued at $110,253,000 after buying an additional 811,365 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in Actuant Corp. by 61.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,121,899 shares of the company’s stock valued at $25,366,000 after buying an additional 429,027 shares in the last quarter. Penn Capital Management Co. Inc. bought a new position in Actuant Corp. during the second quarter valued at about $6,653,000. Vanguard Group Inc. raised its position in Actuant Corp. by 6.6% in the second quarter. Vanguard Group Inc. now owns 4,445,392 shares of the company’s stock valued at $100,510,000 after buying an additional 273,973 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Actuant Corp. by 301.8% in the second quarter. Alliancebernstein L.P. now owns 345,337 shares of the company’s stock valued at $7,808,000 after buying an additional 259,393 shares in the last quarter.
About Actuant Corp.
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.
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