Rhumbline Advisers raised its holdings in shares of Actuant Co. (NYSE:ATU) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,295 shares of the industrial products company’s stock after buying an additional 19,873 shares during the quarter. Rhumbline Advisers owned about 0.25% of Actuant worth $3,828,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Actuant by 8.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,342,420 shares of the industrial products company’s stock worth $59,966,000 after purchasing an additional 183,715 shares during the last quarter. Cooke & Bieler LP lifted its stake in Actuant by 37.0% during the fourth quarter. Cooke & Bieler LP now owns 679,410 shares of the industrial products company’s stock worth $17,189,000 after purchasing an additional 183,500 shares during the last quarter. Clarkston Capital Partners LLC lifted its stake in Actuant by 4.5% during the fourth quarter. Clarkston Capital Partners LLC now owns 2,651,423 shares of the industrial products company’s stock worth $67,081,000 after purchasing an additional 113,876 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Actuant during the fourth quarter worth about $2,697,000. Finally, Arizona State Retirement System lifted its stake in Actuant by 224.9% during the fourth quarter. Arizona State Retirement System now owns 100,542 shares of the industrial products company’s stock worth $2,544,000 after purchasing an additional 69,597 shares during the last quarter.
In other news, VP Ted Wozniak sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the sale, the vice president now owns 70,705 shares of the company’s stock, valued at approximately $1,814,290.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
Actuant (NYSE:ATU) last released its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Actuant had a positive return on equity of 9.29% and a negative net margin of 5.89%. The company had revenue of $289.00 million during the quarter, compared to analyst estimates of $269.22 million. During the same quarter in the previous year, the company posted $0.20 EPS. Actuant’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts expect that Actuant Co. will post 1.07 earnings per share for the current year.
ATU has been the subject of several research analyst reports. Zacks Investment Research lowered Actuant from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. KeyCorp reaffirmed a “buy” rating and set a $29.00 price target on shares of Actuant in a research note on Sunday, November 19th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.11.
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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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