Insider Selling: David Scheer Unloads 2,200 Shares of Actuant Corp. Stock (ATU)
Actuant Corp. (NYSE:ATU) VP David Scheer sold 2,200 shares of Actuant Corp. stock on the open market in a transaction dated Thursday, October 17th. The stock was sold at an average price of $37.72, for a total value of $82,984.00. Following the sale, the vice president now directly owns 13,543 shares of the company’s stock, valued at approximately $510,842. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, October 8th. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Actuant Corp. currently has an average rating of “Hold” and a consensus price target of $36.03.
Actuant Corp. (NYSE:ATU) traded up 0.10% during mid-day trading on Monday, hitting $38.53. The stock had a trading volume of 440,895 shares. Actuant Corp. has a 52 week low of $25.38 and a 52 week high of $39.84. The stock’s 50-day moving average is $38.01 and its 200-day moving average is $34.57. The company has a market cap of $2.815 billion and a P/E ratio of 95.27.
Actuant Corp. (NYSE:ATU) last announced its earnings results on Tuesday, October 1st. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Actuant Corp. will post $2.09 earnings per share 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.