Actuant Co. (NYSE:ATU) Receives Consensus Recommendation of “Hold” from Analysts

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Actuant Co. (NYSE:ATU) has earned an average recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $20.53.

Several brokerages recently issued reports on ATU. Robert W. Baird lowered their price target on Actuant from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. G.Research downgraded Actuant from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. Royal Bank of Canada set a $24.00 price objective on Actuant and gave the stock a “hold” rating in a research report on Wednesday, September 18th. Gabelli lowered Actuant from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a report on Tuesday, September 17th. Finally, ValuEngine cut Actuant from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its stake in shares of Actuant by 191.0% in the 3rd quarter. Millennium Management LLC now owns 102,152 shares of the industrial products company’s stock valued at $2,241,000 after purchasing an additional 67,052 shares during the period. Squarepoint Ops LLC acquired a new stake in Actuant in the 3rd quarter valued at $1,172,000. California State Teachers Retirement System boosted its stake in Actuant by 1.0% in the 3rd quarter. California State Teachers Retirement System now owns 86,755 shares of the industrial products company’s stock valued at $1,903,000 after buying an additional 855 shares in the last quarter. BBVA USA Bancshares Inc. bought a new stake in Actuant in the third quarter valued at $687,000. Finally, Massachusetts Financial Services Co. MA grew its position in Actuant by 14.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 754,840 shares of the industrial products company’s stock valued at $16,561,000 after acquiring an additional 97,090 shares during the period.

NYSE:ATU opened at $24.82 on Monday. The stock has a market cap of $1.53 billion, a P/E ratio of 34.00, a PEG ratio of 2.27 and a beta of 1.63. Actuant has a one year low of $19.07 and a one year high of $27.97. The company has a fifty day moving average price of $22.10 and a 200 day moving average price of $22.72. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.43 and a quick ratio of 2.17.

Actuant (NYSE:ATU) last posted its quarterly earnings results on Thursday, September 26th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $158.32 million for the quarter, compared to analyst estimates of $168.57 million. Actuant had a negative net margin of 24.47% and a positive return on equity of 13.49%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. As a group, equities research analysts anticipate that Actuant will post 0.76 EPS for the current year.

Actuant Company Profile

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

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Analyst Recommendations for Actuant (NYSE:ATU)

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