Actuant Co. (NYSE:ATU) has been assigned an average rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.53.

Several research analysts have weighed in on the company. G.Research lowered Actuant from a “buy” rating to a “hold” rating in a report on Monday, September 30th. JPMorgan Chase & Co. downgraded Actuant from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $23.00 to $18.00 in a report on Wednesday, September 11th. Robert W. Baird dropped their price target on Actuant from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. ValuEngine cut Actuant from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada set a $24.00 price objective on Actuant and gave the company a “hold” rating in a report on Wednesday, September 18th.

ATU opened at $24.82 on Monday. The firm’s fifty day moving average is $22.10 and its two-hundred day moving average is $22.72. The firm has a market cap of $1.53 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.27 and a beta of 1.63. Actuant has a twelve month low of $19.07 and a twelve month high of $27.97. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.17 and a current ratio of 2.43.

Actuant (NYSE:ATU) last announced its quarterly earnings results on Thursday, September 26th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Actuant had a negative net margin of 24.47% and a positive return on equity of 13.49%. The company had revenue of $158.32 million during the quarter, compared to analyst estimates of $168.57 million. During the same quarter in the previous year, the business earned $0.39 EPS. The firm’s revenue was down 4.9% on a year-over-year basis. Equities analysts forecast that Actuant will post 0.76 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen Asset Management LLC acquired a new position in Actuant in the 2nd quarter worth $6,225,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Actuant by 14.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 754,840 shares of the industrial products company’s stock valued at $16,561,000 after purchasing an additional 97,090 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Actuant by 40.5% in the second quarter. Morgan Stanley now owns 328,579 shares of the industrial products company’s stock valued at $8,152,000 after purchasing an additional 94,707 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Actuant by 1,523.5% during the second quarter. Marshall Wace LLP now owns 78,320 shares of the industrial products company’s stock worth $1,943,000 after buying an additional 73,496 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Actuant by 191.0% during the third quarter. Millennium Management LLC now owns 102,152 shares of the industrial products company’s stock worth $2,241,000 after buying an additional 67,052 shares during the period.

About Actuant

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

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Analyst Recommendations for Actuant (NYSE:ATU)

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