The Manufacturers Life Insurance Company Has $1.13 Million Stake in Actuant Corporation (ATU)
The Manufacturers Life Insurance Company grew its position in Actuant Corporation (NYSE:ATU) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,882 shares of the industrial products company’s stock after buying an additional 505 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Actuant Corporation worth $1,128,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Actuant Corporation by 3.9% in the 2nd quarter. State Street Corp now owns 1,509,538 shares of the industrial products company’s stock valued at $37,133,000 after buying an additional 56,656 shares during the period. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Actuant Corporation by 7.5% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,042,785 shares of the industrial products company’s stock valued at $50,253,000 after buying an additional 142,513 shares during the period. Voya Investment Management LLC grew its stake in shares of Actuant Corporation by 15.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,888,372 shares of the industrial products company’s stock valued at $46,455,000 after buying an additional 258,762 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Actuant Corporation by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,158,705 shares of the industrial products company’s stock valued at $53,104,000 after buying an additional 166,482 shares during the period. Finally, Cove Street Capital LLC purchased a new stake in shares of Actuant Corporation in the 2nd quarter valued at approximately $3,813,000.
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Several analysts have recently weighed in on ATU shares. Zacks Investment Research raised shares of Actuant Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $24.00 price target on shares of Actuant Corporation in a research note on Wednesday, October 25th. Wolfe Research cut shares of Actuant Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, August 21st. BidaskClub cut shares of Actuant Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, KeyCorp reaffirmed a “buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Actuant Corporation in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Actuant Corporation presently has an average rating of “Hold” and a consensus target price of $25.00.
In other Actuant Corporation news, VP Ted Wozniak sold 5,000 shares of the 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 document filed with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by corporate insiders.
Actuant Corporation (ATU) opened at $24.70 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1,477.55, a P/E ratio of 30.12, a P/E/G ratio of 2.44 and a beta of 1.64. Actuant Corporation has a 1 year low of $21.60 and a 1 year high of $29.80.
Actuant Corporation (NYSE:ATU) last released its earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The business had revenue of $275.70 million for the quarter, compared to analyst estimates of $265.33 million. Actuant Corporation had a positive return on equity of 9.43% and a negative net margin of 6.04%. Actuant Corporation’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. analysts expect that Actuant Corporation will post 1.08 earnings per share for the current fiscal year.
Actuant Corporation 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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