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.
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