Universal Beteiligungs und Servicegesellschaft mbH Sells 7,117 Shares of Atkore Inc. $ATKR

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in Atkore Inc. (NYSE:ATKR) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,656 shares of the company’s stock after selling 7,117 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Atkore were worth $4,621,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC purchased a new position in shares of Atkore during the second quarter worth approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Atkore during the 2nd quarter worth $28,000. Kestra Investment Management LLC raised its position in Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock valued at $31,000 after purchasing an additional 391 shares in the last quarter. Strs Ohio bought a new stake in Atkore during the 1st quarter valued at $36,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Atkore by 61.8% in the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock worth $39,000 after buying an additional 246 shares during the period.

Atkore Trading Down 0.6%

NYSE ATKR opened at $70.72 on Wednesday. Atkore Inc. has a 52 week low of $49.92 and a 52 week high of $83.86. The company has a 50 day moving average price of $66.31 and a 200 day moving average price of $65.19. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.39 billion, a PE ratio of -135.99 and a beta of 1.58.

Atkore (NYSE:ATKR) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.61). Atkore had a positive return on equity of 12.98% and a negative net margin of 0.53%.The firm had revenue of $752.01 million during the quarter, compared to analysts’ expectations of $733.61 million. During the same period in the prior year, the firm posted $2.43 earnings per share. Atkore’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Atkore Inc. will post 5.79 EPS for the current fiscal year.

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, December 5th were paid a $0.33 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.32 dividend on an annualized basis and a yield of 1.9%. Atkore’s dividend payout ratio (DPR) is -253.85%.

Analyst Ratings Changes

ATKR has been the topic of several research reports. Citigroup decreased their price objective on Atkore from $66.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, November 21st. CJS Securities raised shares of Atkore to a “strong-buy” rating in a research report on Thursday, December 11th. KeyCorp restated a “sector weight” rating on shares of Atkore in a report on Friday, November 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a research note on Monday, December 29th. Finally, Roth Mkm lifted their price objective on shares of Atkore from $65.00 to $71.00 and gave the company a “buy” rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Atkore presently has an average rating of “Hold” and a consensus price target of $68.80.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 1,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $64.75, for a total transaction of $64,750.00. Following the sale, the insider directly owned 29,923 shares of the company’s stock, valued at $1,937,514.25. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Atkore Profile

Atkore International Group Inc (NYSE: ATKR) is a diversified global manufacturer of electrical raceway and mechanical products, serving a broad range of end markets including commercial construction, industrial facilities and energy infrastructure. The company’s electrical product portfolio encompasses conduit, tubing, fittings, connectors and cable management systems designed for use in residential, commercial and industrial wiring applications. On the mechanical side, Atkore offers pipe support solutions, seismic bracing, HVAC hangers and other mechanical products that address critical building and process piping needs.

Founded as a family-owned business before its reorganization into a standalone public company in 2016, Atkore has grown through both organic investment and targeted acquisitions.