Ameritas Investment Partners Inc. Has $125,000 Holdings in Actuant Co. (ATU)
Ameritas Investment Partners Inc. maintained its stake in shares of Actuant Co. (NYSE:ATU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,076 shares of the industrial products company’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in Actuant were worth $125,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Actuant by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 701,539 shares of the industrial products company’s stock worth $17,258,000 after acquiring an additional 14,152 shares in the last quarter. Legal & General Group Plc grew its holdings in Actuant by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock worth $2,864,000 after acquiring an additional 9,590 shares in the last quarter. Vanguard Group Inc. grew its holdings in Actuant by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,127,270 shares of the industrial products company’s stock worth $135,104,000 after acquiring an additional 299,479 shares in the last quarter. Aperio Group LLC grew its holdings in Actuant by 3.6% during the 2nd quarter. Aperio Group LLC now owns 16,263 shares of the industrial products company’s stock worth $400,000 after acquiring an additional 560 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in Actuant by 43.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,550,027 shares of the industrial products company’s stock worth $38,131,000 after acquiring an additional 471,037 shares in the last quarter.
Actuant Co. (ATU) opened at $25.00 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.71 and a quick ratio of 1.33. Actuant Co. has a 52-week low of $21.60 and a 52-week high of $29.80. The stock has a market cap of $1,531.40, a PE ratio of 31.22, a PEG ratio of 2.53 and a beta of 1.64.
Actuant (NYSE:ATU) last posted its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Actuant had a positive return on equity of 9.43% and a negative net margin of 6.04%. The business had revenue of $275.70 million during the quarter, compared to the consensus estimate of $265.33 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. research analysts anticipate that Actuant Co. will post 1.08 earnings per share for the current year.
ATU has been the subject of several recent analyst reports. Wolfe Research initiated coverage on shares of Actuant in a report on Tuesday, July 11th. They set a “market perform” rating for the company. BidaskClub lowered shares of Actuant from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BMO Capital Markets raised their price objective on shares of Actuant from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Actuant from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reissued a “buy” rating and set a $29.00 price objective (up from $28.00) on shares of Actuant in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.00.
In related news, VP Ted Wozniak sold 5,000 shares of Actuant stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total value of $130,950.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.00% of the company’s stock.
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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