Suffolk Capital Management LLC acquired a new position in shares of Actuant Corporation (NYSE:ATU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 43,402 shares of the industrial products company’s stock, valued at approximately $1,111,000. Suffolk Capital Management LLC owned 0.07% of Actuant Corporation as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. lifted its holdings in shares of Actuant Corporation by 30.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,180 shares during the period. US Bancorp DE lifted its holdings in shares of Actuant Corporation by 3.2% during the 2nd quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 190 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Actuant Corporation by 6.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 420 shares during the period. Amalgamated Bank lifted its holdings in shares of Actuant Corporation by 4.0% during the 2nd quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 314 shares during the period. Finally, Blair William & Co. IL lifted its holdings in shares of Actuant Corporation by 1.1% during the 2nd quarter. Blair William & Co. IL now owns 10,305 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 109 shares during the period.
ATU has been the subject of a number of analyst reports. KeyCorp reaffirmed a “buy” rating and set a $29.00 price objective (up from $28.00) on shares of Actuant Corporation in a report on Monday, September 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $24.00 price objective on shares of Actuant Corporation in a report on Wednesday, October 25th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $23.00 price objective on shares of Actuant Corporation in a report on Monday, October 2nd. Zacks Investment Research raised shares of Actuant Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, BMO Capital Markets lifted their price target on shares of Actuant Corporation from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Actuant Corporation has an average rating of “Hold” and an average target price of $25.00.
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In other Actuant Corporation news, VP Ted Wozniak sold 5,000 shares of the business’s 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 Securities & Exchange Commission, which is available through this link. Insiders own 4.00% of the company’s stock.
Shares of Actuant Corporation (NYSE:ATU) traded up $0.10 during mid-day trading on Friday, reaching $24.70. 149,100 shares of the company traded hands, compared to its average volume of 486,904. Actuant Corporation has a 12-month low of $21.60 and a 12-month high of $29.80. The company has a market cap of $1,474.57, a P/E ratio of 30.06, a P/E/G ratio of 2.44 and a beta of 1.64. 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 Corporation (NYSE:ATU) last announced its earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Actuant Corporation had a positive return on equity of 9.43% and a negative net margin of 6.04%. The company had revenue of $275.70 million during the quarter, compared to the consensus estimate of $265.33 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s revenue was up .0% on a year-over-year basis. equities research analysts predict that Actuant Corporation will post 1.08 earnings per share for the current year.
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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