Clarkston Capital Partners LLC raised its position in Actuant Corporation (NYSE:ATU) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,537,547 shares of the industrial products company’s stock after buying an additional 288,632 shares during the quarter. Actuant Corporation accounts for 2.7% of Clarkston Capital Partners LLC’s holdings, making the stock its 12th biggest holding. Clarkston Capital Partners LLC owned 4.25% of Actuant Corporation worth $64,961,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ATU. Pacad Investment Ltd. grew its holdings in Actuant Corporation by 30.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,180 shares in the last quarter. US Bancorp DE grew its holdings in Actuant Corporation by 3.2% in the 2nd quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock valued at $152,000 after buying an additional 190 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Actuant Corporation by 6.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock valued at $187,000 after buying an additional 420 shares in the last quarter. Amalgamated Bank grew its holdings in Actuant Corporation by 4.0% in the 2nd quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock valued at $201,000 after buying an additional 314 shares in the last quarter. Finally, CHICAGO TRUST Co NA acquired a new position in Actuant Corporation in the 2nd quarter valued at $209,000.
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ATU has been the topic of a number of research reports. KeyCorp reaffirmed a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Actuant Corporation in a report on Monday, September 18th. Zacks Investment Research raised Actuant Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “hold” rating and set a $24.00 target price on shares of Actuant Corporation in a research report on Wednesday, October 25th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $23.00 target price on shares of Actuant Corporation in a research report on Monday, October 2nd. Finally, BMO Capital Markets upped their target price on Actuant Corporation from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $25.00.
Shares of Actuant Corporation (NYSE ATU) traded down 0.20% during mid-day trading on Wednesday, hitting $25.45. The company had a trading volume of 141,047 shares. The company’s 50-day moving average is $26.08 and its 200 day moving average is $25.17. Actuant Corporation has a one year low of $21.40 and a one year high of $29.80. The company’s market capitalization is $1.52 billion.
Actuant Corporation (NYSE:ATU) last posted its quarterly earnings data on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. On average, equities research analysts forecast that Actuant Corporation will post $0.01 EPS for the current fiscal year.
In related news, VP Ted Wozniak sold 5,000 shares of Actuant Corporation stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is currently owned by company insiders.
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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