Rhumbline Advisers Has $3.36 Million Position in Actuant Corporation (ATU)
Rhumbline Advisers boosted its position in shares of Actuant Corporation (NYSE:ATU) by 2.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,422 shares of the industrial products company’s stock after purchasing an additional 3,050 shares during the quarter. Rhumbline Advisers owned 0.22% of Actuant worth $3,364,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacad Investment Ltd. grew its holdings in Actuant by 30.3% during the second quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,180 shares during the period. US Bancorp DE grew its holdings in Actuant by 3.2% during the second quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 190 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Actuant by 6.3% during the first quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 420 shares during the period. Amalgamated Bank grew its holdings in Actuant by 4.0% during the second quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 314 shares during the period. Finally, Blair William & Co. IL grew its holdings in Actuant by 1.1% during the second quarter. Blair William & Co. IL now owns 10,305 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 109 shares during the period.
Actuant Corporation (NYSE ATU) opened at $25.70 on Friday. The firm has a market cap of $1,570.83, a P/E ratio of 31.95, a PEG ratio of 2.59 and a beta of 1.65. Actuant Corporation has a 1-year low of $21.60 and a 1-year high of $29.80. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 1.06.
Actuant (NYSE:ATU) last released its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $275.70 million during the quarter, compared to analyst estimates of $265.33 million. Actuant had a negative net margin of 6.04% and a positive return on equity of 9.43%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. sell-side analysts expect that Actuant Corporation will post 1.08 EPS for the current fiscal year.
A number of brokerages recently issued reports on ATU. Zacks Investment Research cut shares of Actuant from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird boosted their price objective on shares of Actuant from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. BMO Capital Markets restated a “market perform” rating and set a $25.00 price objective (up previously from $23.00) on shares of Actuant in a report on Saturday, September 30th. BidaskClub cut shares of Actuant from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, SunTrust Banks restated a “hold” rating and set a $23.00 price objective on shares of Actuant in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight 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 other news, VP Ted Wozniak sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total value of $130,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is owned by corporate insiders.
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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