Nisa Investment Advisors LLC held its position in shares of Actuant Corp. (NYSE:ATU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Actuant Corp. were worth $362,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the company. HBK Investments L P acquired a new stake in shares of Actuant Corp. during the first quarter valued at approximately $1,279,000. Virginia Retirement System acquired a new stake in shares of Actuant Corp. during the first quarter valued at approximately $1,248,000. First Republic Investment Management Inc. acquired a new stake in shares of Actuant Corp. during the first quarter valued at approximately $546,000. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Actuant Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,439,031 shares of the company’s stock valued at $35,558,000 after buying an additional 21,636 shares during the period. Finally, Nisa Investment Advisors L.L.C. acquired a new stake in shares of Actuant Corp. during the first quarter valued at approximately $395,000.
Actuant Corp. (NYSE:ATU) traded down 3.00% on Friday, reaching $22.31. 819,547 shares of the company’s stock traded hands. The stock’s market cap is $1.31 billion. The company’s 50 day moving average is $23.47 and its 200-day moving average is $24.55. Actuant Corp. has a 52-week low of $17.02 and a 52-week high of $27.71.
Actuant Corp. (NYSE:ATU) last posted its quarterly earnings results on Wednesday, June 22nd. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business earned $305.30 million during the quarter. Actuant Corp. had a negative net margin of 8.56% and a positive return on equity of 13.05%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Equities analysts expect that Actuant Corp. will post ($0.01) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, September 28th. Actuant Corp.’s payout ratio is -2.34%.
ATU has been the topic of several analyst reports. Barclays PLC reissued an “equal weight” rating and set a $20.00 price target on shares of Actuant Corp. in a research report on Tuesday, July 12th. JPMorgan Chase & Co. cut shares of Actuant Corp. from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $25.00 to $20.00 in a research report on Wednesday, June 22nd. Wells Fargo & Co. reissued an “outperform” rating on shares of Actuant Corp. in a research report on Friday, June 24th. Zacks Investment Research raised shares of Actuant Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Finally, Royal Bank Of Canada cut their price target on shares of Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.78.
In related news, CEO Randal W. Baker purchased 10,795 shares of Actuant Corp. stock in a transaction on Monday, July 11th. The stock was acquired at an average cost of $23.14 per share, for a total transaction of $249,796.30. Following the completion of the acquisition, the chief executive officer now owns 63,979 shares of the company’s stock, valued at approximately $1,480,474.06. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by company insiders.
Actuant Corp. Company Profile
Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. The Industrial segment is 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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