Louisiana State Employees Retirement System held its position in Actuant Corp. (NYSE:ATU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,100 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Actuant Corp. were worth $590,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Clarkston Capital Partners LLC raised its position in Actuant Corp. by 9.6% in the second quarter. Clarkston Capital Partners LLC now owns 1,976,300 shares of the company’s stock valued at $44,684,000 after buying an additional 172,695 shares during the last quarter. HBK Investments L P bought a new position in Actuant Corp. during the first quarter valued at $1,279,000. First Republic Investment Management Inc. bought a new position in Actuant Corp. during the first quarter valued at $546,000. BlackRock Institutional Trust Company N.A. raised its position in Actuant Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,439,031 shares of the company’s stock valued at $35,558,000 after buying an additional 21,636 shares during the last quarter. Finally, Nisa Investment Advisors L.L.C. bought a new position in Actuant Corp. during the first quarter valued at $395,000.
Actuant Corp. (NYSE:ATU) traded up 2.68% during midday trading on Friday, hitting $22.26. The stock had a trading volume of 606,293 shares. The company’s 50 day moving average price is $22.94 and its 200-day moving average price is $24.44. Actuant Corp. has a 52 week low of $20.49 and a 52 week high of $27.71. The stock’s market capitalization is $1.31 billion.
Actuant Corp. (NYSE:ATU) last issued its quarterly earnings data 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. The business had revenue of $275.77 million for 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 firm earned $0.37 EPS. Equities analysts anticipate that Actuant Corp. will post ($0.01) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.72%. Actuant Corp.’s dividend payout ratio is currently -2.23%.
ATU has been the topic of several analyst reports. Wells Fargo & Co. reissued an “outperform” rating on shares of Actuant Corp. in a research note on Friday, June 24th. Zacks Investment Research raised Actuant Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Barclays PLC reissued an “equal weight” rating and issued a $20.00 target price on shares of Actuant Corp. in a research note on Tuesday, July 12th. TheStreet lowered Actuant Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Finally, JPMorgan Chase & Co. lowered Actuant Corp. from a “neutral” rating to an “underweight” rating and cut their target price for the company from $25.00 to $20.00 in a research note on Wednesday, June 22nd. Two equities research 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. Actuant Corp. has a consensus rating of “Hold” and an average price target of $23.67.
In related news, CEO Randal W. Baker purchased 10,000 shares of Actuant Corp. stock in a transaction on Tuesday, October 11th. The shares were purchased 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 owns 79,376 shares of the company’s stock, valued at approximately $1,789,928.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.90% of the company’s stock.
About Actuant Corp.
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.