Nisa Investment Advisors LLC Has $392,000 Position in Actuant Corporation (NYSE:ATU)
Nisa Investment Advisors LLC increased its position in shares of Actuant Corporation (NYSE:ATU) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 15,930 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Actuant Corporation were worth $392,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of ATU. BlackRock Inc. raised its stake in Actuant Corporation by 24,997.9% in the first quarter. BlackRock Inc. now owns 7,785,372 shares of the industrial products company’s stock worth $205,145,000 after buying an additional 7,754,352 shares in the last quarter. Jennison Associates LLC bought a new stake in Actuant Corporation during the first quarter worth about $30,515,000. Victory Capital Management Inc. raised its stake in Actuant Corporation by 199.3% in the first quarter. Victory Capital Management Inc. now owns 1,497,354 shares of the industrial products company’s stock worth $39,456,000 after buying an additional 997,034 shares in the last quarter. First Manhattan Co. raised its stake in Actuant Corporation by 59.3% in the first quarter. First Manhattan Co. now owns 2,452,962 shares of the industrial products company’s stock worth $57,007,000 after buying an additional 913,250 shares in the last quarter. Finally, Elk Creek Partners LLC bought a new stake in Actuant Corporation during the first quarter worth about $8,604,000.
Actuant Corporation (ATU) traded down 1.29% on Friday, hitting $22.95. The stock had a trading volume of 412,638 shares. The firm has a market cap of $1.37 billion, a PE ratio of 27.32 and a beta of 1.61. Actuant Corporation has a 12-month low of $20.54 and a 12-month high of $29.80. The company’s 50 day moving average is $24.24 and its 200 day moving average is $25.79.
Actuant Corporation (NYSE:ATU) last announced its quarterly earnings data on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $294 million. Actuant Corporation had a return on equity of 10.58% and a net margin of 4.56%. Actuant Corporation’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. On average, equities research analysts expect that Actuant Corporation will post $0.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, September 28th. Actuant Corporation’s dividend payout ratio is currently 4.88%.
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ATU has been the topic of a number of analyst reports. J P Morgan Chase & Co raised Actuant Corporation from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $21.00 in a research report on Wednesday, June 21st. Zacks Investment Research lowered Actuant Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Gabelli raised Actuant Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Stifel Nicolaus reduced their price target on Actuant Corporation from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, June 22nd. Finally, Wolfe Research initiated coverage on Actuant Corporation in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.00.
About Actuant Corporation
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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