Actuant Co. (NYSE:ATU) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $24.38.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Actuant from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. KeyCorp reaffirmed a “buy” rating and set a $29.00 target price on shares of Actuant in a research note on Sunday, November 19th. Royal Bank of Canada reaffirmed a “hold” rating and set a $24.00 target price on shares of Actuant in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 target price on shares of Actuant in a research note on Monday, October 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $25.00 target price (up from $23.00) on shares of Actuant in a research note on Saturday, September 30th.
Actuant (ATU) traded up $0.65 during trading hours on Monday, hitting $25.60. 296,530 shares of the stock traded hands, compared to its average volume of 425,341. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1,490.00, a P/E ratio of -23.06, a P/E/G ratio of 2.56 and a beta of 1.64. Actuant has a 12-month low of $21.60 and a 12-month high of $29.17.
In other Actuant news, VP Ted Wozniak sold 6,000 shares of Actuant stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $25.66, for a total transaction of $153,960.00. Following the transaction, the vice president now directly owns 70,705 shares of the company’s stock, valued at $1,814,290.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in ATU. Russell Investments Group Ltd. purchased a new stake in shares of Actuant in the 2nd quarter valued at approximately $821,000. Schwab Charles Investment Management Inc. raised its stake in shares of Actuant by 13.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 474,481 shares of the industrial products company’s stock valued at $11,673,000 after acquiring an additional 55,457 shares during the period. First Trust Advisors LP purchased a new stake in shares of Actuant in the 2nd quarter valued at approximately $289,000. Bank of New York Mellon Corp raised its stake in shares of Actuant by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 701,539 shares of the industrial products company’s stock valued at $17,258,000 after acquiring an additional 14,152 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Actuant by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock valued at $2,864,000 after acquiring an additional 9,590 shares during the period.
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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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