Y Intercept Hong Kong Ltd Has $539,000 Position in Atkore Inc. (NYSE:ATKR)

Y Intercept Hong Kong Ltd lowered its position in Atkore Inc. (NYSE:ATKR) by 76.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,453 shares of the company’s stock after selling 21,378 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Atkore were worth $539,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in shares of Atkore by 48.8% during the 3rd quarter. Quarry LP now owns 634 shares of the company’s stock worth $54,000 after buying an additional 208 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Atkore by 30.2% during the 4th quarter. Pacer Advisors Inc. now owns 841 shares of the company’s stock worth $70,000 after buying an additional 195 shares during the last quarter. Covestor Ltd lifted its stake in shares of Atkore by 63.7% during the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company’s stock worth $85,000 after buying an additional 390 shares during the last quarter. KBC Group NV lifted its stake in shares of Atkore by 47.7% during the 4th quarter. KBC Group NV now owns 1,452 shares of the company’s stock worth $121,000 after buying an additional 469 shares during the last quarter. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Atkore during the 3rd quarter worth about $126,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ATKR shares. Royal Bank of Canada restated a “sector perform” rating and set a $102.00 target price (up previously from $93.00) on shares of Atkore in a research note on Wednesday, December 4th. KeyCorp cut their target price on shares of Atkore from $105.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Roth Capital raised shares of Atkore to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Roth Mkm started coverage on shares of Atkore in a research report on Tuesday, December 17th. They set a “buy” rating and a $100.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Atkore presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Atkore Price Performance

NYSE:ATKR opened at $61.51 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.96 and a current ratio of 3.03. Atkore Inc. has a 52 week low of $60.53 and a 52 week high of $194.98. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 5.95 and a beta of 2.12. The firm’s 50-day simple moving average is $77.31 and its 200 day simple moving average is $84.98.

Atkore (NYSE:ATKR) last released its earnings results on Tuesday, February 4th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.05 by $0.45. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $680.77 million. During the same period last year, the firm earned $4.12 EPS. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. As a group, sell-side analysts predict that Atkore Inc. will post 5.79 earnings per share for the current year.

Atkore Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.08%. The ex-dividend date was Tuesday, February 18th. Atkore’s dividend payout ratio is currently 12.39%.

Insider Buying and Selling at Atkore

In related news, Director Jeri L. Isbell sold 3,353 shares of Atkore stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $94.03, for a total transaction of $315,282.59. Following the sale, the director now directly owns 25,585 shares of the company’s stock, valued at approximately $2,405,757.55. The trade was a 11.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $65.00, for a total transaction of $32,500.00. Following the sale, the insider now directly owns 33,760 shares in the company, valued at $2,194,400. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.99% of the company’s stock.

Atkore Company Profile

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.