Sei Investments Co. Reduces Position in Actuant Co. (NYSE:ATU)

Sei Investments Co. cut its stake in shares of Actuant Co. (NYSE:ATU) by 41.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,270 shares of the industrial products company’s stock after selling 33,576 shares during the period. Sei Investments Co. owned about 0.08% of Actuant worth $1,235,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its holdings in shares of Actuant by 41.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 32,896 shares of the industrial products company’s stock worth $842,000 after acquiring an additional 9,703 shares during the last quarter. Suffolk Capital Management LLC acquired a new stake in shares of Actuant in the 3rd quarter worth about $1,111,000. Pzena Investment Management LLC raised its holdings in shares of Actuant by 18.3% in the 3rd quarter. Pzena Investment Management LLC now owns 3,917,524 shares of the industrial products company’s stock worth $100,289,000 after acquiring an additional 605,973 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Actuant by 12.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 73,624 shares of the industrial products company’s stock worth $1,885,000 after acquiring an additional 8,159 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Actuant by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,583,797 shares of the industrial products company’s stock worth $40,545,000 after acquiring an additional 33,770 shares during the last quarter.

A number of research firms have recently weighed in on ATU. KeyCorp reaffirmed a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Actuant in a report on Monday, September 18th. Robert W. Baird raised their price target on shares of Actuant from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. BMO Capital Markets reissued a “market perform” rating and issued a $25.00 price target (up from $23.00) on shares of Actuant in a report on Saturday, September 30th. SunTrust Banks restated a “hold” rating and set a $23.00 price objective on shares of Actuant in a research report on Monday, October 2nd. Finally, Royal Bank of Canada restated a “hold” rating and set a $24.00 price objective on shares of Actuant in a research report on Wednesday, October 25th. Two research 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 presently has a consensus rating of “Hold” and an average price target of $25.11.

In other news, VP Ted Wozniak sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Shares of Actuant Co. (NYSE ATU) traded down $0.50 on Friday, hitting $25.30. 571,959 shares of the stock were exchanged, compared to its average volume of 601,690. The company has a market cap of $1,546.85, a price-to-earnings ratio of -22.79, a price-to-earnings-growth ratio of 2.58 and a beta of 1.65. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.80 and a quick ratio of 1.35. Actuant Co. has a 52-week low of $21.60 and a 52-week high of $29.17.

Actuant (NYSE:ATU) last issued its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $269.22 million. Actuant had a negative net margin of 5.89% and a positive return on equity of 9.29%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. sell-side analysts expect that Actuant Co. will post 1.07 earnings per share for the current fiscal year.

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Actuant 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.

Institutional Ownership by Quarter for Actuant (NYSE:ATU)

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