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.
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.
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.
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