MetLife Investment Advisors LLC purchased a new position in Actuant (NYSE:ATU) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 28,401 shares of the industrial products company’s stock, valued at approximately $719,000.
Several other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of Actuant by 133.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,201 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 3,550 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Actuant in the 3rd quarter worth approximately $162,000. Jane Street Group LLC bought a new stake in shares of Actuant in the 3rd quarter worth approximately $244,000. MainStreet Investment Advisors LLC bought a new stake in shares of Actuant in the 4th quarter worth approximately $313,000. Finally, Millennium Management LLC bought a new stake in shares of Actuant in the 4th quarter worth approximately $334,000.
ATU stock opened at $23.45 on Monday. Actuant has a 52-week low of $21.50 and a 52-week high of $27.95. The company has a current ratio of 2.15, a quick ratio of 1.55 and a debt-to-equity ratio of 0.88. The company has a market cap of $1,413.18, a PE ratio of 28.25, a PEG ratio of 2.45 and a beta of 1.52.
Actuant (NYSE:ATU) last released its quarterly earnings results on Wednesday, March 21st. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Actuant had a negative net margin of 7.86% and a positive return on equity of 9.21%. The firm had revenue of $275.20 million for the quarter, compared to analyst estimates of $267.57 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. equities research analysts anticipate that Actuant will post 1.03 EPS for the current fiscal year.
ATU has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Actuant from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, December 20th. Stifel Nicolaus dropped their target price on shares of Actuant from $26.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, March 22nd. KeyCorp dropped their target price on shares of Actuant from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 22nd. Robert W. Baird reiterated a “buy” rating and issued a $25.00 target price on shares of Actuant in a report on Thursday, March 22nd. Finally, BMO Capital Markets dropped their target price on shares of Actuant from $25.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.44.
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Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The 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 under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.
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