Actuant Co. (ATU) Given Consensus Recommendation of “Hold” by Brokerages

Actuant Co. (NYSE:ATU) has received an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $24.38.

A number of research analysts have issued reports on ATU shares. Royal Bank of Canada restated a “hold” rating and issued a $24.00 target price on shares of Actuant in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Actuant from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. KeyCorp restated a “buy” rating and issued a $29.00 target price (up from $28.00) on shares of Actuant in a report on Monday, September 18th. SunTrust Banks restated a “hold” rating and issued a $23.00 target price on shares of Actuant in a report on Monday, October 2nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $25.00 target price (up from $23.00) on shares of Actuant in a report on Saturday, September 30th.

Actuant (NYSE ATU) opened at $25.60 on Monday. The stock has a market cap of $1,534.86, a PE ratio of -23.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.65. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 1.02. Actuant has a 1-year low of $21.60 and a 1-year high of $29.17.

Actuant (NYSE:ATU) last released its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $289.00 million for the quarter, compared to analyst estimates of $269.22 million. Actuant had a negative net margin of 5.89% and a positive return on equity of 9.29%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. equities research analysts predict that Actuant will post 1.07 earnings per share for the current year.

In other news, VP Ted Wozniak sold 6,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $25.66, for a total transaction of $153,960.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 17,000 shares of company stock worth $438,870. Insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. CAPROCK Group Inc. acquired a new stake in Actuant during the 3rd quarter worth approximately $326,000. Ironwood Investment Counsel LLC acquired a new stake in Actuant during the 3rd quarter worth approximately $385,000. Parametric Portfolio Associates LLC acquired a new stake in Actuant during the 2nd quarter worth approximately $4,799,000. Bank of New York Mellon Corp increased its position in Actuant by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 701,539 shares of the industrial products company’s stock worth $17,258,000 after purchasing an additional 14,152 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Actuant by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock worth $2,864,000 after purchasing an additional 9,590 shares in the last quarter.

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About Actuant

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.

Analyst Recommendations for Actuant (NYSE:ATU)

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