Actuant Corporation (ATU) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in shares of Actuant Corporation (NYSE:ATU) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 53,688 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Oppenheimer & Co. Inc.’s holdings in Actuant Corporation were worth $1,415,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ATU. Bank of Montreal Can boosted its stake in shares of Actuant Corporation by 16.0% in the first quarter. Bank of Montreal Can now owns 5,035 shares of the industrial products company’s stock worth $132,000 after buying an additional 695 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Actuant Corporation during the first quarter valued at about $134,000. State of Alaska Department of Revenue boosted its stake in Actuant Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 6,530 shares of the industrial products company’s stock valued at $172,000 after buying an additional 150 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in Actuant Corporation during the first quarter valued at about $179,000. Finally, First Republic Investment Management Inc. purchased a new stake in Actuant Corporation during the fourth quarter valued at about $208,000.

Institutional Ownership by Quarter for Actuant Corporation (NYSE:ATU)

Actuant Corporation (NYSE:ATU) traded down 3.631% during trading on Tuesday, reaching $23.225. 1,014,730 shares of the company’s stock were exchanged. Actuant Corporation has a 52-week low of $20.54 and a 52-week high of $29.80. The stock’s 50-day moving average price is $26.07 and its 200-day moving average price is $26.62. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 28.323 and a beta of 1.60.

Actuant Corporation (NYSE:ATU) last issued its earnings results on Wednesday, March 22nd. The industrial products company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $258.90 million during the quarter, compared to analyst estimates of $250.31 million. Actuant Corporation had a net margin of 4.40% and a return on equity of 11.60%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. Equities analysts expect that Actuant Corporation will post $0.02 earnings per share for the current year.

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Several equities research analysts have issued reports on ATU shares. Zacks Investment Research cut shares of Actuant Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 target price on shares of Actuant Corporation in a research report on Tuesday, June 6th. Tudor Pickering initiated coverage on shares of Actuant Corporation in a report on Thursday, March 23rd. They issued a “hold” rating on the stock. BMO Capital Markets restated a “hold” rating and issued a $25.00 price target on shares of Actuant Corporation in a report on Wednesday, March 22nd. Finally, KeyCorp upgraded shares of Actuant Corporation from a “sector weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Friday, March 10th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.88.

In other Actuant Corporation news, VP Stephen Rennie sold 2,647 shares of the company’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $25.20, for a total value of $66,704.40. Following the sale, the vice president now directly owns 55,818 shares in the company, valued at $1,406,613.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ted Wozniak sold 1,000 shares of the company’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $25.64, for a total value of $25,640.00. Following the completion of the sale, the vice president now owns 82,496 shares in the company, valued at $2,115,197.44. The disclosure for this sale can be found here. Insiders sold 4,147 shares of company stock worth $105,009 over the last quarter. Company insiders own 4.00% of the company’s stock.

Actuant Corporation Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ATU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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