Bank of America Corp DE grew its holdings in shares of Actuant Co. (NYSE:ATU) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,575 shares of the industrial products company’s stock after buying an additional 31,963 shares during the quarter. Bank of America Corp DE owned approximately 0.43% of Actuant worth $5,512,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ATU. PNC Financial Services Group Inc. raised its holdings in shares of Actuant by 14.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,479 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 568 shares during the period. Bank of Montreal Can raised its holdings in shares of Actuant by 14.3% in the 4th quarter. Bank of Montreal Can now owns 6,234 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 778 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Actuant by 50.4% in the 3rd quarter. Riverhead Capital Management LLC now owns 7,754 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 2,600 shares during the period. Piedmont Investment Advisors Inc. raised its holdings in shares of Actuant by 3.6% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 14,529 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 501 shares during the period. Finally, AlphaCrest Capital Management LLC bought a new stake in shares of Actuant in the 4th quarter valued at about $458,000.

In related news, VP Roger Roundhouse sold 10,266 shares of the company’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $22.59, for a total value of $231,908.94. Following the transaction, the vice president now owns 70,476 shares in the company, valued at approximately $1,592,052.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Maxim Group reaffirmed a “positive” rating on shares of Actuant in a report on Thursday, March 21st. BMO Capital Markets dropped their target price on shares of Actuant to $22.00 and set a “market perform” rating on the stock in a report on Monday, December 24th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised shares of Actuant from an “underweight” rating to a “neutral” rating and upped their target price for the company from $19.00 to $23.00 in a report on Monday, January 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.13.

Shares of ATU opened at $25.98 on Monday. Actuant Co. has a 52 week low of $19.07 and a 52 week high of $31.00. The stock has a market capitalization of $1.60 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.74 and a beta of 1.63. The company has a current ratio of 2.35, a quick ratio of 1.77 and a debt-to-equity ratio of 0.78.

Actuant (NYSE:ATU) last announced its quarterly earnings results on Thursday, March 21st. The industrial products company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Actuant had a negative net margin of 1.97% and a positive return on equity of 13.28%. The business had revenue of $271.90 million for the quarter, compared to analyst estimates of $274.44 million. During the same quarter in the prior year, the business earned $0.13 EPS. Actuant’s quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts expect that Actuant Co. will post 1.17 earnings per share for the current year.

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Actuant Profile

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

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Institutional Ownership by Quarter for Actuant (NYSE:ATU)

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