Stephen Rennie Sells 876 Shares of Actuant Corporation (ATU) Stock
Actuant Corporation (NYSE:ATU) VP Stephen Rennie sold 876 shares of Actuant Corporation stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $25.42, for a total value of $22,267.92. Following the completion of the sale, the vice president now owns 54,470 shares in the company, valued at $1,384,627.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Actuant Corporation (ATU) opened at 25.80 on Wednesday. The company has a 50-day moving average of $24.75 and a 200 day moving average of $25.16. The firm’s market cap is $1.54 billion. Actuant Corporation has a 12-month low of $21.40 and a 12-month high of $29.80.
Actuant Corporation (NYSE:ATU) last announced its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. The company had revenue of $275.70 million during the quarter, compared to analyst estimates of $265.33 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts anticipate 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 issued 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 currently -3.57%.
A number of analysts have recently issued reports on ATU shares. BidaskClub lowered Actuant Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. 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. Robert W. Baird upped their target price on shares of Actuant Corporation from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. Wolfe Research lowered shares of Actuant Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, August 21st. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $23.00 price target on shares of Actuant Corporation in a research report on Monday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Actuant Corporation has an average rating of “Hold” and a consensus target price of $26.00.
A number of large investors have recently made changes to their positions in ATU. Pacad Investment Ltd. lifted its stake in shares of Actuant Corporation by 30.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,180 shares in the last quarter. Bank of Montreal Can lifted its position in Actuant Corporation by 16.0% during the first quarter. Bank of Montreal Can now owns 5,035 shares of the industrial products company’s stock valued at $132,000 after buying an additional 695 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Actuant Corporation during the first quarter valued at approximately $134,000. US Bancorp DE lifted its position in Actuant Corporation by 3.2% during the second quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock valued at $152,000 after buying an additional 190 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Actuant Corporation by 6.3% during the first quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock valued at $187,000 after buying an additional 420 shares in the last quarter.
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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