Actuant Corp. VP Unloads $218,120 in Stock (ATU)
Actuant Corp. (NYSE:ATU) VP Brian Kobylinski sold 5,740 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $38.00, for a total value of $218,120.00. Following the transaction, the vice president now directly owns 93,060 shares in the company, valued at approximately $3,536,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ATU shares. Analysts at RBC Capital raised their price target on shares of Actuant Corp. from $39.00 to $41.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Actuant Corp. in a research note to investors on Wednesday, October 2nd. They now have a $42.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Actuant Corp. from $35.00 to $36.00 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Actuant Corp. currently has an average rating of “Hold” and an average price target of $36.03.
Actuant Corp. (NYSE:ATU) traded down 0.59% during mid-day trading on Wednesday, hitting $36.87. The stock had a trading volume of 371,136 shares. Actuant Corp. has a 52-week low of $25.38 and a 52-week high of $39.84. The stock has a 50-day moving average of $37. and a 200-day moving average of $34.26. The company has a market cap of $2.693 billion and a price-to-earnings ratio of 91.81.
Actuant Corp. (NYSE:ATU) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.50 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.50. The company had revenue of $327.00 million for the quarter, compared to the consensus estimate of $328.79 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts expect that Actuant Corp. will post $2.11 EPS for the current fiscal year.
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.