Analysts Set Actuant Co. (ATU) PT at $24.13

Shares of Actuant Co. (NYSE:ATU) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $24.13.

Several brokerages recently commented on ATU. Zacks Investment Research downgraded shares of Actuant from a “hold” rating to a “sell” rating in a research note on Monday, December 3rd. Maxim Group began coverage on shares of Actuant in a research note on Monday, January 28th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. raised shares of Actuant from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $23.00 in a research note on Monday, January 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $21.00 target price on shares of Actuant in a research note on Monday, January 28th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $22.00 target price on shares of Actuant in a research note on Friday, December 21st.

In related news, VP Roger Roundhouse sold 10,266 shares of Actuant stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $22.59, for a total value of $231,908.94. Following the sale, the vice president now owns 70,476 shares in the company, valued at $1,592,052.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ATU. PNC Financial Services Group Inc. boosted its holdings in Actuant by 14.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,479 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 568 shares in the last quarter. Bank of Montreal Can boosted its holdings in Actuant by 14.3% in the fourth quarter. Bank of Montreal Can now owns 6,234 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 778 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Actuant by 50.4% in the third quarter. Riverhead Capital Management LLC now owns 7,754 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 2,600 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in Actuant in the third quarter valued at $223,000. Finally, Piedmont Investment Advisors Inc. boosted its holdings in shares of Actuant by 3.6% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 14,529 shares of the industrial products company’s stock valued at $305,000 after buying an additional 501 shares in the last quarter.

Shares of ATU stock traded down $0.10 during trading hours on Friday, hitting $24.31. 126,876 shares of the company’s stock were exchanged, compared to its average volume of 179,201. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 2.13. Actuant has a 12-month low of $19.07 and a 12-month high of $31.00. The company has a market capitalization of $1.50 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.59 and a beta of 1.64.

Actuant (NYSE:ATU) last issued its earnings results on Thursday, December 20th. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Actuant had a negative net margin of 3.74% and a positive return on equity of 12.58%. The company had revenue of $292.50 million for the quarter, compared to the consensus estimate of $299.70 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts predict that Actuant will post 1.16 EPS for the current year.

About Actuant

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

Featured Article: Technical Analysis of Stocks, How Can It Help

Analyst Recommendations for Actuant (NYSE:ATU)

Receive News & Ratings for Actuant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Actuant and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit