Actuant Corp. Director Sells $750,400 in Stock (ATU)
Actuant Corp. (NYSE:ATU) Director Robert Peterson unloaded 20,000 shares of Actuant Corp. stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $37.52, for a total transaction of $750,400.00. Following the transaction, the director now directly owns 9,908 shares of the company’s stock, valued at approximately $371,748. The transaction was disclosed in a 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Actuant Corp. currently has a consensus rating of “Hold” and a consensus target price of $36.03.
Shares of Actuant Corp. (NYSE:ATU) traded up 1.27% during mid-day trading on Thursday, hitting $37.34. 167,420 shares of the company’s stock traded hands. Actuant Corp. has a one year low of $25.38 and a one year high of $39.84. The stock’s 50-day moving average is $37. and its 200-day moving average is $34.26. The company has a market cap of $2.728 billion and a P/E ratio of 91.26.
Actuant Corp. (NYSE:ATU) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters 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.
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