Trading Report: Today, Actuant Corp. (ATU) Rating Increased to Hold at TheStreet

Today, Actuant Corp. (ATU) Rating Increased to Hold at TheStreet

Actuant Corp. (NYSE:ATU) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued on Friday.

Several other equities research analysts also recently weighed in on ATU. Zacks Investment Research downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. BMO Capital Markets reissued a “hold” rating and issued a $22.00 target price on shares of Actuant Corp. in a research note on Saturday, October 1st. Wells Fargo & Co. downgraded shares of Actuant Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 7th. Barclays PLC downgraded shares of Actuant Corp. from an “equal weight” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Monday, October 24th. Finally, Robert W. Baird raised shares of Actuant Corp. from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $30.00 in a research note on Monday, November 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.22.

Shares of Actuant Corp. (NYSE:ATU) opened at 26.15 on Friday. The company’s market cap is $1.54 billion. Actuant Corp. has a 1-year low of $20.49 and a 1-year high of $27.71. The company’s 50-day moving average is $23.67 and its 200 day moving average is $24.07.

Actuant Corp. (NYSE:ATU) last announced its earnings results on Wednesday, September 28th. The company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Actuant Corp. had a negative net margin of 9.15% and a positive return on equity of 13.22%. The business had revenue of $275.77 million for the quarter. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue was down 8.0% compared to the same quarter last year. Equities analysts anticipate that Actuant Corp. will post ($0.01) EPS for the current year.

In other Actuant Corp. news, CEO Randal W. Baker bought 10,000 shares of the company’s stock in a transaction on Tuesday, October 11th. The shares were bought at an average cost of $22.55 per share, for a total transaction of $225,500.00. Following the acquisition, the chief executive officer now directly owns 79,376 shares in the company, valued at $1,789,928.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Randal W. Baker bought 15,000 shares of the company’s stock in a transaction on Thursday, October 13th. The shares were acquired at an average price of $22.30 per share, for a total transaction of $334,500.00. Following the completion of the acquisition, the chief executive officer now owns 94,376 shares in the company, valued at $2,104,584.80. The disclosure for this purchase can be found here. Company insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Actuant Corp. by 8.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 128,750 shares of the company’s stock valued at $2,992,000 after buying an additional 9,500 shares during the last quarter. Credit Suisse AG boosted its position in shares of Actuant Corp. by 27.5% in the third quarter. Credit Suisse AG now owns 87,025 shares of the company’s stock valued at $2,023,000 after buying an additional 18,794 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Actuant Corp. during the third quarter valued at about $934,000. Panagora Asset Management Inc. acquired a new position in shares of Actuant Corp. during the third quarter valued at about $756,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of Actuant Corp. during the third quarter valued at about $5,051,000.

Actuant Corp. Company Profile

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