Insider Selling: Actuant Director Unloads 37,720 Shares of Stock (ATU)
Actuant (NYSE:ATU) Director William K. Hall sold 37,720 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $33.80, for a total value of $1,274,936.00. Following the completion of the transaction, the director now directly owns 12,458 shares of the company’s stock, valued at approximately $421,080. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Actuant in a research note on Tuesday, June 17th. They now have a $38.00 price target on the stock, down previously from $39.00. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Actuant has an average rating of “Buy” and an average price target of $40.33.
Shares of Actuant (NYSE:ATU) traded up 2.33% on Friday, hitting $34.64. The stock had a trading volume of 1,034,141 shares. Actuant has a 1-year low of $32.22 and a 1-year high of $39.84. The stock’s 50-day moving average is $35.07 and its 200-day moving average is $34.94. The company has a market cap of $2.440 billion and a P/E ratio of 13.44.
Actuant (NYSE:ATU) last posted its quarterly earnings results on Wednesday, June 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $378.00 million for the quarter, compared to the consensus estimate of $376.43 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Actuant will post $1.93 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.
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