Pzena Investment Management LLC increased its position in shares of Actuant Corp. (NYSE:ATU) by 6.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,947,227 shares of the company’s stock after buying an additional 177,721 shares during the period. Pzena Investment Management LLC owned about 5.00% of Actuant Corp. worth $68,494,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Actuant Corp. by 0.6% in the first quarter. State Street Corp now owns 1,156,962 shares of the company’s stock worth $28,585,000 after buying an additional 7,393 shares during the period. Aberdeen Asset Management PLC UK raised its stake in Actuant Corp. by 38.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 840,962 shares of the company’s stock worth $19,014,000 after buying an additional 231,906 shares during the period. Acadian Asset Management LLC bought a new stake in Actuant Corp. during the second quarter worth $224,000. Prudential Financial Inc. raised its stake in Actuant Corp. by 1.3% in the second quarter. Prudential Financial Inc. now owns 142,832 shares of the company’s stock worth $3,229,000 after buying an additional 1,900 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Actuant Corp. during the second quarter worth $411,000.
Shares of Actuant Corp. (NYSE:ATU) opened at 26.55 on Friday. The company has a 50 day moving average price of $23.51 and a 200 day moving average price of $24.09. The stock’s market cap is $1.57 billion. Actuant Corp. has a 1-year low of $20.49 and a 1-year high of $27.71.
Actuant Corp. (NYSE:ATU) last released its quarterly earnings results on Wednesday, September 28th. The company reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The company earned $275.77 million during the quarter. Actuant Corp. had a positive return on equity of 13.22% and a negative net margin of 9.15%. The company’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. On average, equities analysts anticipate that Actuant Corp. will post ($0.01) EPS for the current year.
ATU has been the subject of a number of recent research reports. Wells Fargo & Co. lowered Actuant Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 7th. Zacks Investment Research raised Actuant Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Robert W. Baird raised Actuant Corp. from a “neutral” rating to an “outperform” rating and upped their price target for the company from $25.00 to $30.00 in a research report on Monday, November 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $22.00 price target on shares of Actuant Corp. in a research report on Monday. Finally, TheStreet lowered Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Actuant Corp. currently has an average rating of “Hold” and an average target price of $24.22.
In other news, CEO Randal W. Baker acquired 15,000 shares of the firm’s stock in a transaction on Thursday, October 13th. The stock was acquired at an average price of $22.30 per share, with a total value of $334,500.00. Following the completion of the purchase, the chief executive officer now directly owns 94,376 shares in the company, valued at $2,104,584.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Randal W. Baker acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, October 11th. The stock was purchased at an average cost of $22.55 per share, with a total value of $225,500.00. Following the purchase, the chief executive officer now owns 79,376 shares of the company’s stock, valued at $1,789,928.80. The disclosure for this purchase can be found here. 3.90% of the stock is owned by corporate insiders.
About Actuant Corp.