Insider Selling: Andrew Lampereur Sells 40,000 Shares of Actuant Stock (ATU)
Actuant (NYSE:ATU) CFO Andrew Lampereur sold 40,000 shares of the company’s stock on the open market in a transaction dated Thursday, April 17th. The stock was sold at an average price of $35.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 255,600 shares of the company’s stock, valued at approximately $8,946,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Actuant (NYSE:ATU) traded up 0.17% during mid-day trading on Tuesday, hitting $34.93. 512,145 shares of the company’s stock traded hands. Actuant has a 52-week low of $29.51 and a 52-week high of $39.84. The stock has a 50-day moving average of $33.97 and a 200-day moving average of $36.05. The company has a market cap of $2.481 billion and a price-to-earnings ratio of 61.28.
Actuant (NYSE:ATU) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.02. The company had revenue of $327.77 million for the quarter, compared to the consensus estimate of $333.74 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Actuant will post $1.99 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Actuant in a research note on Thursday, April 3rd. They now have a $37.00 price target on the stock. Separately, analysts at SunTrust upgraded shares of Actuant from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 2nd. They now have a $40.00 price target on the stock, up previously from $38.00. Finally, analysts at Jefferies Group cut their price target on shares of Actuant from $46.00 to $44.00 in a research note on Tuesday, March 18th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.83.
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets.
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