Diversified Trust Co Makes New $215,000 Investment in Atkore International Group Inc. (NYSE:ATKR)


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Diversified Trust Co bought a new position in Atkore International Group Inc. (NYSE:ATKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,230 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D boosted its stake in shares of Atkore International Group by 0.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 79,373 shares of the company’s stock valued at $1,804,000 after buying an additional 594 shares during the period. Swiss National Bank boosted its stake in shares of Atkore International Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 106,900 shares of the company’s stock valued at $2,430,000 after buying an additional 700 shares during the period. Alps Advisors Inc. raised its position in Atkore International Group by 7.3% during the third quarter. Alps Advisors Inc. now owns 10,749 shares of the company’s stock valued at $244,000 after acquiring an additional 733 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in Atkore International Group by 42.0% in the second quarter. Advisor Group Holdings Inc. now owns 3,382 shares of the company’s stock valued at $93,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Atkore International Group by 0.7% in the third quarter. Teacher Retirement System of Texas now owns 171,364 shares of the company’s stock valued at $3,895,000 after acquiring an additional 1,133 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Peter J. Lariviere sold 12,828 shares of the business’s stock in a transaction on Monday, November 30th. The shares were sold at an average price of $39.45, for a total transaction of $506,064.60. Following the transaction, the insider now owns 41,273 shares of the company’s stock, valued at $1,628,219.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel S. Kelly sold 40,000 shares of the business’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $34.86, for a total transaction of $1,394,400.00. Following the transaction, the vice president now directly owns 89,163 shares in the company, valued at approximately $3,108,222.18. The disclosure for this sale can be found here. Insiders have sold 102,435 shares of company stock worth $3,658,874 in the last ninety days. 1.72% of the stock is currently owned by insiders.

ATKR has been the subject of a number of analyst reports. BidaskClub upgraded shares of Atkore International Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 7th. Royal Bank of Canada upgraded shares of Atkore International Group from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $46.00 in a research note on Wednesday, November 25th. Finally, Credit Suisse Group upgraded shares of Atkore International Group from a “neutral” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Monday, January 4th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $42.00.

NYSE:ATKR opened at $47.29 on Thursday. Atkore International Group Inc. has a 12 month low of $10.85 and a 12 month high of $48.41. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 15.21 and a beta of 2.47. The company has a quick ratio of 2.28, a current ratio of 3.00 and a debt-to-equity ratio of 2.12. The company’s 50 day moving average is $42.31 and its 200-day moving average is $30.31.

Atkore International Group (NYSE:ATKR) last released its quarterly earnings results on Wednesday, November 18th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.50. Atkore International Group had a net margin of 8.63% and a return on equity of 47.96%. The company had revenue of $477.42 million for the quarter.

Atkore International Group Company Profile

Atkore International Group Inc manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings.

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Institutional Ownership by Quarter for Atkore International Group (NYSE:ATKR)

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