Shares of Actuant Co. (NYSE:ATU) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.96.
Several analysts have recently issued reports on the company. Maxim Group increased their target price on Agilysys to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. GMP Securities reissued an “average” rating and set a C$16.00 target price on shares of AutoCanada in a report on Wednesday, May 8th. Finally, Robert W. Baird set a $25.00 target price on Actuant and gave the stock a “buy” rating in a report on Thursday, June 27th.
Several hedge funds have recently made changes to their positions in the stock. First Hawaiian Bank lifted its position in shares of Actuant by 4.1% during the 2nd quarter. First Hawaiian Bank now owns 25,328 shares of the industrial products company’s stock worth $628,000 after buying an additional 1,000 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Actuant by 4.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 16,800 shares of the industrial products company’s stock worth $417,000 after buying an additional 700 shares during the last quarter. Marshall Wace North America L.P. lifted its position in shares of Actuant by 1,627.7% during the 1st quarter. Marshall Wace North America L.P. now owns 28,852 shares of the industrial products company’s stock worth $703,000 after buying an additional 27,182 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Actuant during the 1st quarter worth $118,000. Finally, Neuberger Berman Group LLC lifted its position in shares of Actuant by 5.8% during the 1st quarter. Neuberger Berman Group LLC now owns 914,252 shares of the industrial products company’s stock worth $22,279,000 after buying an additional 50,226 shares during the last quarter.
Shares of ATU traded down $0.20 during trading hours on Friday, hitting $22.91. 7,146 shares of the company were exchanged, compared to its average volume of 316,086. The stock has a market capitalization of $1.40 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.47 and a beta of 1.67. Actuant has a fifty-two week low of $19.07 and a fifty-two week high of $31.00. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $23.59.
Actuant (NYSE:ATU) last released its earnings results on Wednesday, June 26th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $295.30 million for the quarter, compared to analyst estimates of $301.21 million. Actuant had a positive return on equity of 13.89% and a negative net margin of 1.72%. Actuant’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. Analysts expect that Actuant will post 1.2 EPS for the current fiscal year.
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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