UBS Asset Management Americas Inc. increased its stake in Actuant Corp. (NYSE:ATU) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,466 shares of the company’s stock after buying an additional 905 shares during the period. UBS Asset Management Americas Inc. owned 0.07% of Actuant Corp. worth $983,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Actuant Corp. by 142.8% in the first quarter. BlackRock Inc. now owns 4,666 shares of the company’s stock valued at $115,000 after buying an additional 2,744 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in Actuant Corp. during the second quarter valued at about $122,000. Acadian Asset Management LLC purchased a new stake in Actuant Corp. during the second quarter valued at about $224,000. First Midwest Bank Trust Division purchased a new stake in Actuant Corp. during the second quarter valued at about $241,000. Finally, Nisa Investment Advisors L.L.C. purchased a new stake in Actuant Corp. during the first quarter valued at about $395,000.
Actuant Corp. (NYSE:ATU) opened at 22.39 on Wednesday. Actuant Corp. has a 1-year low of $20.49 and a 1-year high of $27.71. The firm has a 50-day moving average of $22.84 and a 200-day moving average of $24.40. The stock’s market capitalization is $1.32 billion.
Actuant Corp. (NYSE:ATU) last posted its quarterly earnings data on Wednesday, September 28th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $275.77 million for the quarter. Actuant Corp. had a negative net margin of 9.15% and a positive return on equity of 13.22%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Equities research analysts anticipate that Actuant Corp. will post ($0.01) EPS for the current year.
Several equities research analysts have recently issued reports on the stock. BMO Capital Markets set a $22.00 target price on shares of Actuant Corp. and gave the stock a “hold” rating in a research note on Saturday, October 8th. Royal Bank Of Canada lowered their target price on shares of Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, June 23rd. Wells Fargo & Co. lowered shares of Actuant Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 7th. Zacks Investment Research lowered shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Finally, TheStreet lowered shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.67.
In other news, CEO Randal W. Baker purchased 15,000 shares of the company’s stock in a transaction dated Thursday, October 13th. The shares were acquired at an average cost of $22.30 per share, for a total transaction of $334,500.00. Following the completion of the purchase, the chief executive officer now directly owns 94,376 shares in the company, valued at approximately $2,104,584.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Randal W. Baker purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, October 11th. The shares were purchased at an average price of $22.55 per share, for a total transaction of $225,500.00. Following the completion of the purchase, the chief executive officer now owns 79,376 shares of the company’s stock, valued at $1,789,928.80. The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.
Actuant Corp. Company Profile
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily 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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