GHP Investment Advisors Inc. increased its position in shares of Actuant Co. (NYSE:ATU) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,141 shares of the industrial products company’s stock after purchasing an additional 2,517 shares during the period. GHP Investment Advisors Inc. owned 0.13% of Actuant worth $1,926,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Actuant by 133.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,201 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 3,550 shares during the period. SG Americas Securities LLC bought a new stake in shares of Actuant during the 3rd quarter valued at $162,000. Public Employees Retirement System of Ohio raised its position in shares of Actuant by 10.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,830 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 726 shares during the period. Jane Street Group LLC bought a new stake in shares of Actuant during the 3rd quarter valued at $244,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Actuant during the 3rd quarter valued at $270,000.
Shares of Actuant Co. (ATU) opened at $23.60 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1,422.18, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 2.37 and a beta of 1.56. Actuant Co. has a fifty-two week low of $21.60 and a fifty-two week high of $29.17.
Several analysts have recently commented on the stock. KeyCorp restated a “buy” rating and set a $29.00 price objective on shares of Actuant in a research report on Sunday, November 19th. Zacks Investment Research upgraded shares of Actuant from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $25.11.
In other Actuant news, VP Ted Wozniak sold 6,000 shares of Actuant stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $25.66, for a total value of $153,960.00. Following the sale, the vice president now directly owns 70,705 shares in the company, valued at approximately $1,814,290.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
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Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.
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