How Analysts Feel About Actuant Corporation (NYSE:ATU) After Decrease in Sellers?

November 10, 2018 - By Alfred Lee

Actuant Corporation (NYSE:ATU) Logo

Investors sentiment increased to 1.38 in 2018 Q2. Its up 0.32, from 1.06 in 2018Q1. It increased, as 7 investors sold Actuant Corporation shares while 46 reduced holdings. 21 funds opened positions while 52 raised stakes. 66.53 million shares or 2.03% less from 67.91 million shares in 2018Q1 were reported.
Blackrock has 0.01% invested in Actuant Corporation (NYSE:ATU). Northern, Illinois-based fund reported 792,852 shares. Parametric Port Assoc Limited Liability Company has 0.01% invested in Actuant Corporation (NYSE:ATU). Deutsche Savings Bank Ag owns 100,378 shares or 0% of their US portfolio. 223 are held by Mutual Of America Mngmt Limited Liability Co. State Teachers Retirement System holds 48,403 shares. Aperio Group Limited Liability Com owns 0% invested in Actuant Corporation (NYSE:ATU) for 16,849 shares. Pacific Ridge Capital Prtn Lc stated it has 0.23% in Actuant Corporation (NYSE:ATU). Vanguard Gru reported 5.97M shares. First Manhattan invested in 13,116 shares or 0% of the stock. Alliancebernstein Limited Partnership owns 0% invested in Actuant Corporation (NYSE:ATU) for 85,644 shares. Rhumbline Advisers holds 0.01% or 153,584 shares in its portfolio. Envestnet Asset Mgmt invested in 2,286 shares or 0% of the stock. Sei Invests Com owns 37,337 shares for 0% of their portfolio. New York-based Bnp Paribas Arbitrage has invested 0% in Actuant Corporation (NYSE:ATU).

The stock of Actuant Corporation (NYSE:ATU) registered a decrease of 3.69% in short interest. ATU’s total short interest was 5.03M shares in November as published by FINRA. Its down 3.69% from 5.22 million shares, reported previously. With 246,800 shares average volume, it will take short sellers 20 days to cover their ATU’s short positions.

The stock decreased 1.58% or $0.41 during the last trading session, reaching $25.49. About 299,348 shares traded. Actuant Corporation (NYSE:ATU) has risen 14.12% since November 10, 2017 and is uptrending. It has underperformed by 1.50% the S&P500.

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. The company has market cap of $1.56 billion. It operates through three divisions: Industrial, Energy, and Engineered Solutions. It currently has negative earnings. The 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 under the Enerpac, Simplex, Precision-Hayes, Milwaukee Cylinder, and Larzep brand names.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Among 6 analysts covering Actuant (NYSE:ATU), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. Actuant had 7 analyst reports since June 21, 2018 according to SRatingsIntel. BMO Capital Markets maintained Actuant Corporation (NYSE:ATU) rating on Thursday, June 21. BMO Capital Markets has “Market Perform” rating and $27 target. The stock has “Market Perform” rating by BMO Capital Markets on Thursday, September 27. The firm earned “Underweight” rating on Thursday, June 21 by JP Morgan. The rating was maintained by KeyBanc Capital Markets on Thursday, June 21 with “Overweight”. J.P. Morgan downgraded the shares of ATU in report on Thursday, June 21 to “Sell” rating. The firm earned “Buy” rating on Thursday, June 21 by Robert W. Baird. The stock has “Market Perform” rating by Wells Fargo on Friday, October 19.

Another recent and important Actuant Corporation (NYSE:ATU) news was published by Nasdaq.com which published an article titled: “Market Trends Toward New Normal in Polaris Industries, NIKE, Charles River Laboratories International, Actuant …” on October 29, 2018.

Actuant Corporation (NYSE:ATU) Ratings Chart

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