Royal Bank Of Canada restated their hold rating on shares of Actuant Corporation (NYSE:ATU) in a research note issued to investors on Wednesday, October 25th. The brokerage currently has a $24.00 price target on the industrial products company’s stock.
A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Actuant Corporation from $22.00 to $23.00 and gave the stock a market perform rating in a report on Friday, August 18th. KeyCorp reaffirmed a buy rating and issued a $29.00 price target (up previously from $28.00) on shares of Actuant Corporation in a report on Monday, September 18th. Wolfe Research initiated coverage on shares of Actuant Corporation in a report on Tuesday, July 11th. They set a market perform rating for the company. BidaskClub cut shares of Actuant Corporation from a hold rating to a sell rating in a report on Friday, July 28th. Finally, SunTrust Banks, Inc. reaffirmed a hold rating and issued a $23.00 price objective on shares of Actuant Corporation in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Actuant Corporation has a consensus rating of Hold and a consensus target price of $25.00.
Actuant Corporation (NYSE ATU) traded up $0.10 on Wednesday, hitting $24.70. 149,100 shares of the company’s stock traded hands, compared to its average volume of 486,904. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.71 and a quick ratio of 1.33. Actuant Corporation has a twelve month low of $21.60 and a twelve month high of $29.80. The company has a market cap of $1,477.56, a P/E ratio of 30.12, a PEG ratio of 2.44 and a beta of 1.64.
Actuant Corporation (NYSE:ATU) last released its quarterly earnings data on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The business had revenue of $275.70 million for the quarter, compared to the consensus estimate of $265.33 million. Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. Actuant Corporation’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. analysts forecast that Actuant Corporation will post 1.08 earnings per share for the current year.
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In other Actuant Corporation news, VP Ted Wozniak sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CAPROCK Group Inc. acquired a new position in shares of Actuant Corporation in the 3rd quarter valued at $326,000. Bank of New York Mellon Corp boosted its holdings in shares of Actuant Corporation by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 701,539 shares of the industrial products company’s stock valued at $17,258,000 after buying an additional 14,152 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Actuant Corporation by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock valued at $2,864,000 after buying an additional 9,590 shares in the last quarter. Ironwood Investment Counsel LLC acquired a new position in shares of Actuant Corporation in the 3rd quarter valued at $385,000. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Actuant Corporation by 16.9% in the 1st quarter. OppenheimerFunds Inc. now owns 30,002 shares of the industrial products company’s stock valued at $791,000 after buying an additional 4,338 shares in the last quarter.
Actuant Corporation Company Profile
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.
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