California Public Employees Retirement System Has $5.06 Million Holdings in Actuant Co. (ATU)

California Public Employees Retirement System boosted its position in shares of Actuant Co. (NYSE:ATU) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,057 shares of the industrial products company’s stock after acquiring an additional 12,363 shares during the quarter. California Public Employees Retirement System’s holdings in Actuant were worth $5,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CNA Financial Corp raised its position in Actuant by 24.8% during the third quarter. CNA Financial Corp now owns 61,266 shares of the industrial products company’s stock worth $1,568,000 after acquiring an additional 12,194 shares in the last quarter. South Dakota Investment Council raised its position in Actuant by 20.4% during the third quarter. South Dakota Investment Council now owns 30,100 shares of the industrial products company’s stock worth $771,000 after acquiring an additional 5,100 shares in the last quarter. Legal & General Group Plc raised its position in Actuant by 4.2% during the third quarter. Legal & General Group Plc now owns 121,382 shares of the industrial products company’s stock worth $3,108,000 after acquiring an additional 4,894 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Actuant by 8.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,342,420 shares of the industrial products company’s stock valued at $59,966,000 after purchasing an additional 183,715 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Actuant by 41.8% in the third quarter. BNP Paribas Arbitrage SA now owns 32,896 shares of the industrial products company’s stock valued at $842,000 after purchasing an additional 9,703 shares during the last quarter.

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Actuant Co. (NYSE ATU) opened at $23.90 on Monday. Actuant Co. has a fifty-two week low of $21.60 and a fifty-two week high of $29.17. The company has a market cap of $1,434.18, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 2.39 and a beta of 1.56. 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 (NYSE:ATU) last released its quarterly earnings data on Wednesday, December 20th. The industrial products company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Actuant had a negative net margin of 5.89% and a positive return on equity of 9.29%. The firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $269.22 million. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. equities research analysts predict that Actuant Co. will post 1.07 EPS for the current year.

In related news, VP Ted Wozniak sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $25.66, for a total value of $153,960.00. Following the transaction, the vice president now directly owns 70,705 shares in the company, valued at $1,814,290.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

ATU has been the topic of several research reports. KeyCorp reiterated a “buy” rating and issued a $29.00 price objective on shares of Actuant in a report on Sunday, November 19th. Zacks Investment Research downgraded shares of Actuant from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.11.

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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.

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Institutional Ownership by Quarter for Actuant (NYSE:ATU)

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