Actuant Co. (NYSE:ATU) – Equities researchers at G.Research issued their FY2020 earnings estimates for Actuant in a research report issued to clients and investors on Tuesday, September 17th, according to Zacks Investment Research. G.Research analyst J. Bergner forecasts that the industrial products company will post earnings of $1.10 per share for the year. G.Research has a “Hold” rating on the stock. G.Research also issued estimates for Actuant’s FY2021 earnings at $1.35 EPS, FY2022 earnings at $1.45 EPS and FY2023 earnings at $1.60 EPS.
A number of other equities research analysts have also issued reports on ATU. JPMorgan Chase & Co. lowered Actuant from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $23.00 to $18.00 in a research note on Wednesday, September 11th. ValuEngine downgraded shares of Actuant from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Royal Bank of Canada set a $24.00 price objective on shares of Actuant and gave the company a “hold” rating in a report on Wednesday, September 18th. Gabelli downgraded shares of Actuant from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Tuesday, September 17th. Finally, Robert W. Baird dropped their price objective on shares of Actuant from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.53.
ATU stock traded down $0.44 during trading on Thursday, reaching $20.79. The company’s stock had a trading volume of 453,395 shares, compared to its average volume of 711,380. Actuant has a 1 year low of $19.07 and a 1 year high of $27.97. The company has a quick ratio of 2.17, a current ratio of 2.43 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $1.28 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.63. The company’s fifty day moving average is $22.90 and its 200-day moving average is $23.58.
Actuant (NYSE:ATU) last announced its earnings results on Thursday, September 26th. The industrial products company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $158.32 million during the quarter, compared to analyst estimates of $168.57 million. Actuant had a negative net margin of 24.47% and a positive return on equity of 13.49%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS.
The firm also recently declared an annual dividend, which will be paid on Monday, October 14th. Investors of record on Friday, September 27th will be issued a $0.04 dividend. This represents a dividend yield of 0.17%. The ex-dividend date of this dividend is Thursday, September 26th. Actuant’s payout ratio is 5.48%.
In related news, Director Deursen Holly Van sold 1,647 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $21.20, for a total value of $34,916.40. Following the completion of the transaction, the director now owns 41,165 shares of the company’s stock, valued at approximately $872,698. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Cable Hill Partners LLC purchased a new position in Actuant during the first quarter valued at approximately $25,000. Atria Investments LLC purchased a new stake in shares of Actuant in the 2nd quarter valued at approximately $103,000. Marshall Wace LLP purchased a new stake in shares of Actuant in the 1st quarter valued at approximately $118,000. Jane Street Group LLC purchased a new position in shares of Actuant in the 2nd quarter valued at $232,000. Finally, Everence Capital Management Inc. increased its holdings in Actuant by 68.2% during the 2nd quarter. Everence Capital Management Inc. now owns 13,840 shares of the industrial products company’s stock valued at $343,000 after acquiring an additional 5,610 shares in the last quarter.
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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