Xact Kapitalforvaltning AB Purchases New Position in Actuant (ATU)

Xact Kapitalforvaltning AB bought a new stake in Actuant (NYSE:ATU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,474 shares of the industrial products company’s stock, valued at approximately $240,000.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its stake in shares of Actuant by 3.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 76,141 shares of the industrial products company’s stock valued at $1,926,000 after buying an additional 2,517 shares during the period. American International Group Inc. boosted its stake in shares of Actuant by 5.8% in the third quarter. American International Group Inc. now owns 47,200 shares of the industrial products company’s stock valued at $1,208,000 after buying an additional 2,567 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Actuant by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 282,254 shares of the industrial products company’s stock valued at $7,240,000 after buying an additional 2,784 shares during the period. California Public Employees Retirement System boosted its stake in shares of Actuant by 1.6% in the third quarter. California Public Employees Retirement System now owns 187,694 shares of the industrial products company’s stock valued at $4,805,000 after buying an additional 2,894 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Actuant by 133.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,201 shares of the industrial products company’s stock valued at $157,000 after buying an additional 3,550 shares during the period.

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NYSE ATU opened at $24.50 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.15 and a quick ratio of 1.55. Actuant has a fifty-two week low of $21.50 and a fifty-two week high of $27.95. The firm has a market cap of $1,470.18, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.55 and a beta of 1.51.

Actuant (NYSE:ATU) last released its earnings results on Wednesday, March 21st. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Actuant had a positive return on equity of 9.21% and a negative net margin of 7.86%. The business had revenue of $275.20 million for the quarter, compared to the consensus estimate of $267.57 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. analysts predict that Actuant will post 1.03 EPS for the current fiscal year.

Several equities research analysts recently issued reports on ATU shares. Zacks Investment Research upgraded Actuant from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Stifel Nicolaus cut their price target on Actuant from $26.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, March 22nd. KeyCorp cut their price target on Actuant from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, March 22nd. Robert W. Baird reiterated a “buy” rating and issued a $25.00 price target on shares of Actuant in a research note on Thursday, March 22nd. Finally, BMO Capital Markets cut their price target on Actuant from $25.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.44.

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About Actuant

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The 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 under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.

Institutional Ownership by Quarter for Actuant (NYSE:ATU)

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