Wells Fargo & Company MN lifted its position in shares of Atkore International Group Inc (NYSE:ATKR) by 38.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,417,130 shares of the company’s stock after buying an additional 677,442 shares during the period. Wells Fargo & Company MN owned 5.19% of Atkore International Group worth $50,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Atlantic Trust Group LLC increased its position in Atkore International Group by 14,400.0% during the first quarter. Atlantic Trust Group LLC now owns 5,075 shares of the company’s stock worth $101,000 after purchasing an additional 5,040 shares during the last quarter. Verition Fund Management LLC acquired a new position in Atkore International Group during the first quarter worth approximately $232,000. Global X Management Co. LLC increased its position in Atkore International Group by 328.3% during the first quarter. Global X Management Co. LLC now owns 12,523 shares of the company’s stock worth $249,000 after purchasing an additional 9,599 shares during the last quarter. Meeder Asset Management Inc. increased its position in Atkore International Group by 3,254.0% during the second quarter. Meeder Asset Management Inc. now owns 15,898 shares of the company’s stock worth $330,000 after purchasing an additional 15,424 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in Atkore International Group during the fourth quarter worth approximately $339,000.

In other news, VP Michael J. Schulte sold 15,000 shares of the stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $21.75, for a total value of $326,250.00. Following the completion of the sale, the vice president now owns 140,383 shares of the company’s stock, valued at $3,053,330.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Allied Holdings L.P. Cd&R sold 6,959,976 shares of the stock in a transaction on Monday, May 21st. The stock was sold at an average price of $19.91, for a total transaction of $138,573,122.16. The disclosure for this sale can be found here. Insiders have sold 7,702,044 shares of company stock valued at $156,240,392 in the last ninety days. 51.00% of the stock is currently owned by company insiders.

Several equities analysts recently commented on ATKR shares. Zacks Investment Research raised shares of Atkore International Group from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Friday, May 11th. TheStreet lowered shares of Atkore International Group from a “c” rating to a “d” rating in a research report on Thursday, May 24th. Finally, Royal Bank of Canada upped their price target on shares of Atkore International Group to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.00.

Shares of ATKR stock opened at $26.27 on Friday. Atkore International Group Inc has a one year low of $15.66 and a one year high of $26.67. The company has a quick ratio of 1.57, a current ratio of 2.39 and a debt-to-equity ratio of 12.18. The company has a market cap of $1.15 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.18 and a beta of 2.10.

Atkore International Group (NYSE:ATKR) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.57 by $0.29. Atkore International Group had a net margin of 7.12% and a return on equity of 56.38%. The firm had revenue of $498.01 million during the quarter, compared to analyst estimates of $444.77 million. research analysts anticipate that Atkore International Group Inc will post 2.13 EPS for the current year.

Atkore International Group Company Profile

Atkore International Group Inc manufactures and distributes electrical raceway products in the United States and internationally. The company's electrical raceway products include electrical conduits and fittings, armored cable and fittings, cable trays and mounting systems, and fittings for the non-residential construction, renovation markets, and mechanical products and solutions (MP&S) for the construction, and industrial markets.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Institutional Ownership by Quarter for Atkore International Group (NYSE:ATKR)

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