Actuant Co. (ATU) Position Decreased by Ameriprise Financial Inc.
Ameriprise Financial Inc. decreased its stake in Actuant Co. (NYSE:ATU) by 1.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 312,444 shares of the industrial products company’s stock after selling 3,232 shares during the quarter. Ameriprise Financial Inc. owned 0.52% of Actuant worth $7,998,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in ATU. Aperio Group LLC boosted its position in shares of Actuant by 3.6% in the 2nd quarter. Aperio Group LLC now owns 16,263 shares of the industrial products company’s stock valued at $400,000 after purchasing an additional 560 shares during the period. US Bancorp DE lifted its stake in Actuant by 3.2% in the 2nd quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 190 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Actuant in the 2nd quarter worth about $821,000. Schwab Charles Investment Management Inc. lifted its stake in Actuant by 13.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 474,481 shares of the industrial products company’s stock worth $11,673,000 after acquiring an additional 55,457 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Actuant by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 31,145 shares of the industrial products company’s stock worth $766,000 after acquiring an additional 300 shares in the last quarter.
Shares of Actuant Co. (NYSE ATU) opened at $24.60 on Monday. Actuant Co. has a one year low of $21.60 and a one year high of $29.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.33 and a current ratio of 1.80. The firm has a market capitalization of $1,480.00, a PE ratio of -22.16, a PEG ratio of 2.39 and a beta of 1.65.
Actuant (NYSE:ATU) last posted its quarterly earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Actuant had a positive return on equity of 9.29% and a negative net margin of 5.89%. The company had revenue of $289.00 million during the quarter, compared to the consensus estimate of $269.22 million. During the same period last year, the business earned $0.20 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. equities research analysts anticipate that Actuant Co. will post 1.09 earnings per share for the current fiscal year.
In other news, VP Ted Wozniak sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on ATU shares. Zacks Investment Research downgraded Actuant from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird increased their price objective on Actuant from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. Royal Bank of Canada reissued a “hold” rating and issued a $24.00 price objective on shares of Actuant in a research note on Wednesday, October 25th. SunTrust Banks reissued a “hold” rating and issued a $23.00 price objective on shares of Actuant in a research note on Monday, October 2nd. Finally, KeyCorp reissued a “buy” rating and issued a $29.00 price objective on shares of Actuant in a research note on Sunday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Actuant currently has a consensus rating of “Hold” and an average target price of $25.60.
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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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