Atkore International Group Inc (ATKR) Major Shareholder Sells $123,215,514.75 in Stock

Atkore International Group Inc (NYSE:ATKR) major shareholder Allied Holdings L.P. Cd&R sold 5,792,925 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $21.27, for a total transaction of $123,215,514.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Allied Holdings L.P. Cd&R also recently made the following trade(s):

  • On Friday, February 2nd, Allied Holdings L.P. Cd&R sold 17,225,539 shares of Atkore International Group stock. The shares were sold at an average price of $21.77, for a total transaction of $374,999,984.03.

Atkore International Group Inc (ATKR) opened at $21.27 on Friday. The company has a market cap of $1,350.00 and a P/E ratio of 14.28. Atkore International Group Inc has a one year low of $15.05 and a one year high of $27.06. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.39 and a current ratio of 2.45.

Atkore International Group (NYSE:ATKR) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. The firm had revenue of $414.60 million for the quarter, compared to the consensus estimate of $382.89 million. Atkore International Group had a net margin of 5.97% and a return on equity of 26.99%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. sell-side analysts predict that Atkore International Group Inc will post 1.8 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Atkore International Group in the fourth quarter worth $130,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Atkore International Group in the third quarter worth $237,000. Teacher Retirement System of Texas purchased a new position in shares of Atkore International Group in the fourth quarter worth $237,000. Koch Industries Inc. purchased a new position in shares of Atkore International Group in the fourth quarter worth $259,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Atkore International Group in the third quarter worth $314,000. 96.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Citigroup raised their target price on shares of Atkore International Group from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. UBS Group assumed coverage on shares of Atkore International Group in a research note on Tuesday, January 23rd. They issued a “hold” rating and a $23.00 target price on the stock. Zacks Investment Research raised shares of Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research note on Thursday, February 8th. TheStreet raised shares of Atkore International Group from a “d+” rating to a “c-” rating in a research note on Wednesday, November 29th. Finally, BidaskClub downgraded shares of Atkore International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Atkore International Group presently has a consensus rating of “Buy” and a consensus price target of $23.80.

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About Atkore International Group

Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.

Insider Buying and Selling by Quarter for Atkore International Group (NYSE:ATKR)

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