Wellington Management Group LLP Raises Holdings in Atkore International Group Inc (NYSE:ATKR)

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Wellington Management Group LLP increased its position in Atkore International Group Inc (NYSE:ATKR) by 123.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,360 shares of the company’s stock after buying an additional 20,637 shares during the quarter. Wellington Management Group LLP’s holdings in Atkore International Group were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ATKR. Rhumbline Advisers increased its holdings in Atkore International Group by 4.9% in the 4th quarter. Rhumbline Advisers now owns 60,436 shares of the company’s stock valued at $2,445,000 after purchasing an additional 2,822 shares in the last quarter. State Street Corp increased its holdings in Atkore International Group by 4.3% in the 4th quarter. State Street Corp now owns 1,007,279 shares of the company’s stock valued at $40,755,000 after purchasing an additional 41,173 shares in the last quarter. FMR LLC increased its holdings in Atkore International Group by 82.2% in the 4th quarter. FMR LLC now owns 2,336,179 shares of the company’s stock valued at $94,522,000 after purchasing an additional 1,053,635 shares in the last quarter. Natixis Advisors L.P. increased its holdings in Atkore International Group by 26.6% in the 4th quarter. Natixis Advisors L.P. now owns 45,471 shares of the company’s stock valued at $1,840,000 after purchasing an additional 9,549 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Atkore International Group by 145.7% in the 4th quarter. Bank of Montreal Can now owns 179,885 shares of the company’s stock valued at $7,277,000 after purchasing an additional 106,658 shares in the last quarter. 97.41% of the stock is currently owned by institutional investors and hedge funds.

NYSE ATKR opened at $24.48 on Monday. Atkore International Group Inc has a 12 month low of $10.85 and a 12 month high of $43.50. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.91 and a quick ratio of 1.95. The firm has a market capitalization of $1.16 billion, a PE ratio of 7.65 and a beta of 1.95. The company’s 50 day simple moving average is $26.25 and its 200 day simple moving average is $31.92.

Atkore International Group (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.14. Atkore International Group had a net margin of 8.25% and a return on equity of 62.42%. The business had revenue of $455.60 million for the quarter, compared to analyst estimates of $459.39 million. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis.

ATKR has been the subject of several recent research reports. Citigroup increased their price target on Atkore International Group from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Credit Suisse Group raised their target price on Atkore International Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. TheStreet cut shares of Atkore International Group from a “b-” rating to a “c+” rating in a research report on Monday, April 6th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $23.00 price target on shares of Atkore International Group in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Atkore International Group currently has an average rating of “Hold” and an average price target of $27.50.

In other Atkore International Group news, VP Daniel S. Kelly sold 11,412 shares of Atkore International Group stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $29.13, for a total value of $332,431.56. Following the transaction, the vice president now owns 55,541 shares in the company, valued at $1,617,909.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Daniel S. Kelly sold 33,522 shares of Atkore International Group stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $28.12, for a total transaction of $942,638.64. Following the completion of the transaction, the vice president now owns 77,651 shares in the company, valued at approximately $2,183,546.12. The disclosure for this sale can be found here. 1.78% of the stock is owned by company insiders.

About Atkore International Group

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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