Actuant Corporation (ATU) Holdings Reduced by Cipher Capital LP

Cipher Capital LP decreased its stake in shares of Actuant Corporation (NYSE:ATU) by 37.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,927 shares of the industrial products company’s stock after selling 59,747 shares during the period. Cipher Capital LP owned approximately 0.17% of Actuant Corporation worth $2,533,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ATU. Teachers Advisors LLC increased its position in shares of Actuant Corporation by 3.1% during the first quarter. Teachers Advisors LLC now owns 98,400 shares of the industrial products company’s stock worth $2,593,000 after acquiring an additional 2,994 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Actuant Corporation by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,127,270 shares of the industrial products company’s stock worth $135,104,000 after acquiring an additional 299,479 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Actuant Corporation by 2.2% during the first quarter. Geode Capital Management LLC now owns 439,596 shares of the industrial products company’s stock worth $11,583,000 after acquiring an additional 9,380 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Actuant Corporation by 9.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 419,024 shares of the industrial products company’s stock worth $11,042,000 after acquiring an additional 34,960 shares in the last quarter. Finally, State Street Corp increased its position in shares of Actuant Corporation by 8.2% during the first quarter. State Street Corp now owns 1,452,882 shares of the industrial products company’s stock worth $38,287,000 after acquiring an additional 110,332 shares in the last quarter.

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

Shares of Actuant Corporation (NYSE:ATU) traded up $0.20 on Monday, reaching $25.35. 325,600 shares of the company traded hands, compared to its average volume of 483,527. Actuant Corporation has a fifty-two week low of $21.60 and a fifty-two week high of $29.80. The firm has a market capitalization of $1,516.44, a PE ratio of 30.92, a price-to-earnings-growth ratio of 2.51 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.71 and a quick ratio of 1.33.

Actuant Corporation (NYSE:ATU) last announced its earnings results on Wednesday, September 27th. The industrial products company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $275.70 million for the quarter, compared to analyst estimates of $265.33 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. equities research analysts predict that Actuant Corporation will post 1.08 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. KeyCorp reissued a “buy” rating and set a $29.00 price objective on shares of Actuant Corporation in a research report on Sunday. BMO Capital Markets increased their price objective on shares of Actuant Corporation from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Friday, August 18th. BidaskClub downgraded shares of Actuant Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Wolfe Research downgraded shares of Actuant Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, August 21st. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $24.00 price objective on shares of Actuant Corporation in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Actuant Corporation currently has an average rating of “Hold” and a consensus price target of $25.00.

Actuant Corporation Company Profile

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.

Institutional Ownership by Quarter for Actuant Corporation (NYSE:ATU)

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