Actuant (NYSE:ATU) had its price objective upped by SunTrust Banks to $27.00 in a research note released on Thursday. The brokerage currently has a hold rating on the industrial products company’s stock. SunTrust Banks also issued estimates for Actuant’s Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.05 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.47 EPS and FY2019 earnings at $1.35 EPS.
A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets reaffirmed a hold rating and issued a $27.00 price objective (up from $24.00) on shares of Actuant in a research note on Thursday. Robert W. Baird raised their price objective on shares of Actuant from $25.00 to $32.00 and gave the company an outperform rating in a research note on Thursday. KeyCorp raised their price objective on shares of Actuant from $27.00 to $32.50 and gave the company an overweight rating in a research note on Thursday. JPMorgan Chase & Co. cut shares of Actuant from a neutral rating to an underweight rating and set a $25.00 price objective on the stock. in a research note on Thursday. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Actuant from a hold rating to a buy rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $28.69.
ATU opened at $29.75 on Thursday. Actuant has a one year low of $21.50 and a one year high of $30.05. The company has a current ratio of 2.08, a quick ratio of 1.55 and a debt-to-equity ratio of 0.85. The company has a market cap of $1.77 billion, a PE ratio of 32.78, a P/E/G ratio of 3.00 and a beta of 1.48.
Actuant (NYSE:ATU) last released its quarterly earnings results on Wednesday, June 20th. The industrial products company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Actuant had a negative net margin of 7.15% and a positive return on equity of 9.86%. The business had revenue of $317.10 million for the quarter, compared to analysts’ expectations of $306.83 million. During the same period in the prior year, the firm earned $0.32 earnings per share. Actuant’s revenue was up 7.3% compared to the same quarter last year. equities analysts anticipate that Actuant will post 1.06 EPS for the current fiscal year.
In other news, Director Alfredo Altavilla bought 2,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $24.75 per share, for a total transaction of $49,500.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $49,500. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC raised its holdings in Actuant by 19.9% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 35,030 shares of the industrial products company’s stock worth $886,000 after purchasing an additional 5,810 shares during the period. Pzena Investment Management LLC raised its holdings in Actuant by 9.1% in the fourth quarter. Pzena Investment Management LLC now owns 4,274,245 shares of the industrial products company’s stock worth $108,138,000 after purchasing an additional 356,721 shares during the period. MainStreet Investment Advisors LLC acquired a new stake in Actuant in the fourth quarter worth $313,000. Xact Kapitalforvaltning AB acquired a new stake in Actuant in the fourth quarter worth $240,000. Finally, Bank of New York Mellon Corp raised its holdings in Actuant by 4.9% in the fourth quarter. Bank of New York Mellon Corp now owns 712,661 shares of the industrial products company’s stock worth $18,030,000 after purchasing an additional 33,552 shares during the period.
Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The 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 under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.
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