Pzena Investment Management LLC lifted its position in shares of Actuant Co. (NYSE:ATU) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,274,245 shares of the industrial products company’s stock after buying an additional 356,721 shares during the quarter. Pzena Investment Management LLC owned approximately 7.12% of Actuant worth $108,138,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Actuant by 133.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,201 shares of the industrial products company’s stock worth $157,000 after buying an additional 3,550 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Actuant during the third quarter worth about $162,000. Public Employees Retirement System of Ohio grew its holdings in shares of Actuant by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 7,830 shares of the industrial products company’s stock worth $193,000 after buying an additional 726 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Actuant during the third quarter worth about $244,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Actuant during the third quarter worth about $270,000.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Actuant from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp restated a “buy” rating and issued a $29.00 target price on shares of Actuant in a report on Sunday, November 19th. Finally, 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. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.11.
Shares of Actuant Co. (ATU) opened at $24.20 on Thursday. Actuant Co. has a twelve month low of $21.60 and a twelve month high of $29.17. The stock has a market cap of $1,443.18, a P/E ratio of 29.69, a P/E/G ratio of 2.40 and a beta of 1.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.80 and a quick ratio of 1.35.
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 analysts’ consensus estimates of $0.17 by $0.02. Actuant had a negative net margin of 5.89% and a positive return on equity of 9.29%. The firm had revenue of $289.00 million during the quarter, compared to the consensus estimate of $269.22 million. During the same period in the previous year, the firm earned $0.20 earnings per share. Actuant’s revenue was up 8.7% compared to the same quarter last year. equities analysts anticipate that Actuant Co. will post 1.07 EPS for the current year.
In other Actuant news, VP Ted Wozniak sold 6,000 shares of Actuant stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $25.66, for a total transaction of $153,960.00. Following the transaction, the vice president now directly owns 70,705 shares of the company’s stock, valued at $1,814,290.30. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.
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Actuant 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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