Somewhat Positive News Coverage Somewhat Unlikely to Affect Actuant Corporation (ATU) Share Price

News stories about Actuant Corporation (NYSE:ATU) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Actuant Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.126651770269 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several research analysts recently commented on ATU shares. Zacks Investment Research upgraded shares of Actuant Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Wolfe Research lowered shares of Actuant Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, August 21st. BidaskClub lowered shares of Actuant Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. KeyCorp reiterated a “buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Actuant Corporation in a research note on Monday, September 18th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $23.00 price objective on shares of Actuant Corporation in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.44.

Actuant Corporation (ATU) remained flat at $26.25 during mid-day trading on Monday. The company had a trading volume of 269,301 shares. Actuant Corporation has a 52 week low of $21.40 and a 52 week high of $29.80. The company’s 50 day moving average is $25.86 and its 200 day moving average is $25.16. The stock’s market capitalization is $1.57 billion.

Actuant Corporation (NYSE:ATU) last posted its quarterly earnings data on Wednesday, September 27th. The industrial products company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. The company had revenue of $275.70 million for the quarter, compared to analyst estimates of $265.33 million. During the same period in the prior year, the company earned $0.30 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts expect that Actuant Corporation will post $0.01 EPS for the current fiscal year.

In other news, VP Ted Wozniak sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was s

Several research analysts recently commented on ATU shares. Zacks Investment Research upgraded shares of Actuant Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Wolfe Research lowered shares of Actuant Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, August 21st. BidaskClub lowered shares of Actuant Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. KeyCorp reiterated a “buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Actuant Corporation in a research note on Monday, September 18th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $23.00 price objective on shares of Actuant Corporation in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.44.

Actuant Corporation (ATU) remained flat at $26.25 during mid-day trading on Monday. The company had a trading volume of 269,301 shares. Actuant Corporation has a 52 week low of $21.40 and a 52 week high of $29.80. The company’s 50 day moving average is $25.86 and its 200 day moving average is $25.16. The stock’s market capitalization is $1.57 billion.

Actuant Corporation (NYSE:ATU) last posted its quarterly earnings data on Wednesday, September 27th. The industrial products company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. The company had revenue of $275.70 million for the quarter, compared to analyst estimates of $265.33 million. During the same period in the prior year, the company earned $0.30 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts expect that Actuant Corporation will post $0.01 EPS for the current fiscal year.

In other news, VP Ted Wozniak sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/10/23/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-actuant-corporation-atu-share-price.html.

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.

Insider Buying and Selling by Quarter for Actuant Corporation (NYSE:ATU)

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