SG Americas Securities LLC Acquires Shares of 14,702 Actuant Corporation (ATU)

SG Americas Securities LLC Acquires Shares of 14,702 Actuant Corporation (ATU)

SG Americas Securities LLC acquired a new position in shares of Actuant Corporation (NYSE:ATU) during the third quarter, Holdings Channel reports. The firm acquired 14,702 shares of the company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PineBridge Investments L.P. raised its position in Actuant Corporation by 3.7% in the second quarter. PineBridge Investments L.P. now owns 7,467 shares of the company’s stock valued at $168,000 after buying an additional 269 shares during the period. Teacher Retirement System of Texas raised its position in Actuant Corporation by 18.4% in the second quarter. Teacher Retirement System of Texas now owns 8,243 shares of the company’s stock valued at $186,000 after buying an additional 1,283 shares during the period. Raymond James Trust N.A. acquired a new position in Actuant Corporation during the third quarter valued at about $204,000. First Midwest Bank Trust Division acquired a new position in Actuant Corporation during the second quarter valued at about $241,000. Finally, CHICAGO TRUST Co NA acquired a new position in Actuant Corporation during the third quarter valued at about $255,000.

Shares of Actuant Corporation (NYSE:ATU) traded down 0.70% during midday trading on Friday, hitting $26.81. 383,760 shares of the company’s stock were exchanged. The company has a 50-day moving average of $27.26 and a 200-day moving average of $24.60. Actuant Corporation has a 52 week low of $20.54 and a 52 week high of $29.80. The firm’s market cap is $1.59 billion.

Actuant Corporation (NYSE:ATU) last posted its quarterly earnings results on Wednesday, December 21st. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. The business earned $266 million during the quarter. Actuant Corporation had a negative net margin of 10.42% and a positive return on equity of 12.92%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Equities research analysts expect that Actuant Corporation will post ($0.01) EPS for the current fiscal year.

Several research analysts have issued reports on the stock. RBC Capital Markets lowered shares of Actuant Corporation from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $29.00 to $27.00 in a research report on Friday, January 13th. They noted that the move was a valuation call. Royal Bank Of Canada lowered shares of Actuant Corporation from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $29.00 to $27.00 in a research report on Friday, January 13th. Aegis restated a “buy” rating and issued a $30.00 price target on shares of Actuant Corporation in a research report on Tuesday, December 27th. Zacks Investment Research upgraded shares of Actuant Corporation from a “sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research report on Monday, December 19th. Finally, TheStreet upgraded shares of Actuant Corporation from a “sell” rating to a “hold” rating in a research report on Friday, November 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Actuant Corporation has an average rating of “Hold” and a consensus target price of $25.40.

In related news, Director Thomas J. Fischer sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $26.92, for a total transaction of $215,360.00. Following the completion of the sale, the director now directly owns 25,373 shares of the company’s stock, valued at $683,041.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert C. Arzbaecher sold 183,865 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $26.36, for a total transaction of $4,846,681.40. Following the sale, the director now directly owns 422,187 shares of the company’s stock, valued at $11,128,849.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 228,104 shares of company stock valued at $6,022,946. 4.00% of the stock is currently owned by insiders.

About Actuant Corporation

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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