State of Tennessee Treasury Department Sells 6,601 Shares of Actuant Co. (NYSE:ATU)

State of Tennessee Treasury Department reduced its position in shares of Actuant Co. (NYSE:ATU) by 20.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,467 shares of the industrial products company’s stock after selling 6,601 shares during the quarter. State of Tennessee Treasury Department’s holdings in Actuant were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in Actuant by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 95,272 shares of the industrial products company’s stock valued at $2,364,000 after buying an additional 978 shares during the last quarter. First Trust Advisors LP raised its holdings in Actuant by 55.5% during the 2nd quarter. First Trust Advisors LP now owns 81,739 shares of the industrial products company’s stock valued at $2,028,000 after buying an additional 29,158 shares during the last quarter. Aperio Group LLC raised its holdings in Actuant by 2.5% during the 2nd quarter. Aperio Group LLC now owns 18,519 shares of the industrial products company’s stock valued at $459,000 after buying an additional 457 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Actuant by 101.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,023 shares of the industrial products company’s stock valued at $921,000 after buying an additional 21,114 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Actuant by 1,523.5% during the 2nd quarter. Marshall Wace LLP now owns 78,320 shares of the industrial products company’s stock valued at $1,943,000 after buying an additional 73,496 shares during the last quarter.

Shares of Actuant stock opened at $20.79 on Friday. The company has a current ratio of 2.43, a quick ratio of 2.17 and a debt-to-equity ratio of 1.50. The company’s fifty day simple moving average is $21.44 and its two-hundred day simple moving average is $22.90. The company has a market cap of $1.28 billion, a P/E ratio of 28.48, a PEG ratio of 2.27 and a beta of 1.63. Actuant Co. has a 12-month low of $19.07 and a 12-month high of $27.97.

Actuant (NYSE:ATU) last issued its quarterly earnings data on Thursday, September 26th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The business had revenue of $158.32 million for the quarter, compared to the consensus estimate of $168.57 million. Actuant had a negative net margin of 24.47% and a positive return on equity of 13.49%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. Analysts predict that Actuant Co. will post 0.76 EPS for the current fiscal year.

A number of research firms recently commented on ATU. G.Research lowered shares of Actuant from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Robert W. Baird lowered their price target on shares of Actuant from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Royal Bank of Canada set a $24.00 price target on shares of Actuant and gave the company a “hold” rating in a report on Wednesday, September 18th. ValuEngine lowered shares of Actuant from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. downgraded shares of Actuant from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $23.00 to $18.00 in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.53.

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.

Read More: Dividend Aristocrat Index

Institutional Ownership by Quarter 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.