Actuant Corporation (ATU) Holdings Held by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System maintained its position in Actuant Corporation (NYSE:ATU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,494 shares of the industrial products company’s stock at the close of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.09% of Actuant Corporation worth $1,365,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATU. BlackRock Inc. increased its holdings in Actuant Corporation by 24,997.9% in the first quarter. BlackRock Inc. now owns 7,785,372 shares of the industrial products company’s stock valued at $205,145,000 after purchasing an additional 7,754,352 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Actuant Corporation by 199.3% in the first quarter. Victory Capital Management Inc. now owns 1,497,354 shares of the industrial products company’s stock valued at $39,456,000 after purchasing an additional 997,034 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in Actuant Corporation by 43.7% in the second quarter. Frontier Capital Management Co. LLC now owns 1,550,027 shares of the industrial products company’s stock valued at $38,131,000 after purchasing an additional 471,037 shares during the last quarter. SG Capital Management LLC bought a new stake in Actuant Corporation in the second quarter valued at about $11,155,000. Finally, Elk Creek Partners LLC bought a new stake in Actuant Corporation in the first quarter valued at about $8,604,000.
Several brokerages have issued reports on ATU. Gabelli upgraded Actuant Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Wolfe Research downgraded Actuant Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, August 21st. Zacks Investment Research downgraded Actuant Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Barclays PLC upgraded Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 price target for the company in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $28.00 price target on shares of Actuant Corporation in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.78.
Actuant Corporation (ATU) opened at 26.00 on Monday. The company has a market capitalization of $1.55 billion, a P/E ratio of 30.95 and a beta of 1.61. Actuant Corporation has a 12-month low of $20.54 and a 12-month high of $29.80. The company’s 50 day moving average price is $23.93 and its 200-day moving average price is $25.29.
Actuant Corporation (NYSE:ATU) last issued its earnings results on Wednesday, June 21st. The industrial products company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Actuant Corporation had a return on equity of 10.58% and a net margin of 4.56%. The business had revenue of $295.40 million during the quarter, compared to analyst estimates of $294.00 million. During the same period in the previous year, the company posted $0.40 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that Actuant Corporation will post $0.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, September 28th. Actuant Corporation’s payout ratio is 4.88%.
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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