Actuant Corp. (ATU) CEO Randal W. Baker Acquires 10,000 Shares
Actuant Corp. (NYSE:ATU) CEO Randal W. Baker bought 10,000 shares of Actuant Corp. stock in a transaction on Tuesday, October 11th. The stock was acquired at an average price of $22.55 per share, for a total transaction of $225,500.00. Following the transaction, the chief executive officer now directly owns 79,376 shares of the company’s stock, valued at $1,789,928.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Actuant Corp. (NYSE:ATU) opened at 21.68 on Friday. The firm’s market capitalization is $1.28 billion. The company’s 50-day moving average price is $22.99 and its 200 day moving average price is $24.46. Actuant Corp. has a 1-year low of $20.49 and a 1-year high of $27.71.
Actuant Corp. (NYSE:ATU) last issued its quarterly earnings results on Wednesday, September 28th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Actuant Corp. had a positive return on equity of 13.22% and a negative net margin of 9.15%. The company had revenue of $275.77 million for the quarter. During the same period in the prior year, the company earned $0.37 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Actuant Corp. will post ($0.01) EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, September 28th. Actuant Corp.’s dividend payout ratio is presently -2.23%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of Actuant Corp. during the second quarter worth $122,000. BNP Paribas Arbitrage SA raised its position in shares of Actuant Corp. by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 20,051 shares of the company’s stock worth $453,000 after buying an additional 9,613 shares in the last quarter. Boothbay Fund Management LLC raised its position in shares of Actuant Corp. by 53.5% in the first quarter. Boothbay Fund Management LLC now owns 21,612 shares of the company’s stock worth $534,000 after buying an additional 7,530 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Actuant Corp. during the first quarter worth $546,000. Finally, Invictus RG raised its position in shares of Actuant Corp. by 45.1% in the first quarter. Invictus RG now owns 18,844 shares of the company’s stock worth $466,000 after buying an additional 5,855 shares in the last quarter.
ATU has been the topic of a number of research analyst reports. Wells Fargo & Co. downgraded Actuant Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, October 7th. Royal Bank Of Canada dropped their price objective on Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, June 23rd. Zacks Investment Research raised Actuant Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Barclays PLC reaffirmed an “equal weight” rating and issued a $20.00 price objective on shares of Actuant Corp. in a research note on Tuesday, July 12th. Finally, JPMorgan Chase & Co. cut Actuant Corp. from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $25.00 to $20.00 in a research note on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.67.
Actuant Corp. Company Profile
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.
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