ATU has been the topic of a number of other research reports. Gabelli downgraded shares of Actuant from a buy rating to a hold rating and set a $29.00 target price on the stock. in a research report on Tuesday, September 17th. Robert W. Baird downgraded shares of Actuant from an outperform rating to a neutral rating and lowered their price objective for the stock from $25.00 to $23.00 in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Actuant from a neutral rating to an underweight rating and lowered their price objective for the stock from $23.00 to $18.00 in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $20.64.
Actuant stock opened at $24.35 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.77. Actuant has a 12-month low of $19.07 and a 12-month high of $29.90. The firm’s fifty day moving average is $22.75 and its 200 day moving average is $23.79. The company has a market capitalization of $1.49 billion, a PE ratio of 22.34, a PEG ratio of 2.02 and a beta of 1.65.
The firm also recently disclosed an annual dividend, which will be paid on Monday, October 14th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.17%. Actuant’s payout ratio is 3.67%.
In other Actuant news, Director Deursen Holly Van sold 1,647 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $21.20, for a total transaction of $34,916.40. Following the transaction, the director now owns 41,165 shares in the company, valued at $872,698. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cable Hill Partners LLC bought a new stake in shares of Actuant in the 1st quarter worth $25,000. Atria Investments LLC bought a new stake in shares of Actuant in the 2nd quarter worth $103,000. Marshall Wace LLP bought a new stake in shares of Actuant in the 1st quarter worth $118,000. Jane Street Group LLC bought a new stake in shares of Actuant in the 2nd quarter worth $232,000. Finally, Everence Capital Management Inc. grew its stake in shares of Actuant by 68.2% in the 2nd quarter. Everence Capital Management Inc. now owns 13,840 shares of the industrial products company’s stock worth $343,000 after acquiring an additional 5,610 shares in the last quarter.
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.
Further Reading: Quiet Period Expirations Explained
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