Actuant Co. (ATU) Receives Average Rating of “Hold” from Analysts
Actuant Co. (NYSE:ATU) has received an average rating of “Hold” from the fourteen analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.00.
Several research firms have recently commented on ATU. Robert W. Baird raised their price target on Actuant from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. Zacks Investment Research cut Actuant from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. BMO Capital Markets reissued a “market perform” rating and issued a $25.00 price target (up from $23.00) on shares of Actuant in a report on Saturday, September 30th. BidaskClub cut Actuant from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, SunTrust Banks reissued a “hold” rating and issued a $23.00 price target on shares of Actuant in a report on Monday, October 2nd.
Shares of Actuant (NYSE ATU) opened at $26.15 on Thursday. Actuant has a 1 year low of $21.60 and a 1 year high of $29.80. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.33 and a current ratio of 1.71. The firm has a market capitalization of $1,558.84, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.57 and a beta of 1.65.
In related news, VP Ted Wozniak sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $26.19, for a total value of $130,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATU. CAPROCK Group Inc. purchased a new position in Actuant during the third quarter worth $326,000. Ironwood Investment Counsel LLC purchased a new position in Actuant during the third quarter worth $385,000. Parametric Portfolio Associates LLC purchased a new position in Actuant during the second quarter worth $4,799,000. Legal & General Group Plc increased its position in Actuant by 9.0% during the second quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock worth $2,864,000 after buying an additional 9,590 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Actuant by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 701,539 shares of the industrial products company’s stock worth $17,258,000 after buying an additional 14,152 shares in the last quarter.
Actuant 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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