Insider Selling: Actuant Corp. CEO Sells 158,596 Shares of Stock (ATU)
Actuant Corp. (NYSE:ATU) CEO Robert Arzbaecher sold 158,596 shares of Actuant Corp. stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $38.10, for a total value of $6,042,507.60. Following the sale, the chief executive officer now directly owns 431,113 shares of the company’s stock, valued at approximately $16,425,405. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ATU. Analysts at Zacks reiterated a “neutral” rating on shares of Actuant Corp. in a research note to investors on Tuesday, October 22nd. They now have a $40.00 price target on the stock. Separately, 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. Finally, 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. Eight research 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 a consensus price target of $36.37.
Actuant Corp. (NYSE:ATU) traded down 0.24% on Monday, hitting $38.08. The stock had a trading volume of 463,584 shares. Actuant Corp. has a 1-year low of $25.38 and a 1-year high of $38.57. The stock’s 50-day moving average is $36.32 and its 200-day moving average is $33.25. The company has a market cap of $2.782 billion and a price-to-earnings ratio of 94.48.
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 last year, the company posted $0.55 earnings per share. Actuant Corp.’s revenue was up 1.5% compared to the same quarter last year. Analysts expect that Actuant Corp. will post $2.09 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.