Worth Watching: Could Actuant Corporation Decline After Today’s Huge Increase?

Worth Watching: Could Actuant Corporation Decline After Today's Huge Increase?

The stock of Actuant Corporation (NYSE:ATU) is a huge mover today! The stock increased 4.08% or $0.91 during the last trading session, hitting $23.24. About 994,779 shares traded hands or 70.42% up from the average. Actuant Corporation (NYSE:ATU) has declined 4.90% since February 26, 2016 and is downtrending. It has underperformed by 15.32% the S&P500.
The move comes after 8 months positive chart setup for the $1.34 billion company. It was reported on Oct, 1 by Barchart.com. We have $38.81 PT which if reached, will make NYSE:ATU worth $897.80 million more.

Analysts await Actuant Corporation (NYSE:ATU) to report earnings on October, 5. They expect $0.29 earnings per share, down 21.62% or $0.08 from last year’s $0.37 per share. ATU’s profit will be $16.72M for 20.03 P/E if the $0.29 EPS becomes a reality. After $0.40 actual earnings per share reported by Actuant Corporation for the previous quarter, Wall Street now forecasts -27.50% negative EPS growth.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Out of 10 analysts covering Actuant (NYSE:ATU), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. Actuant has been the topic of 15 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, September 25. The stock of Actuant Corporation (NYSE:ATU) earned “Hold” rating by Topeka Capital Markets on Thursday, May 26. As per Wednesday, August 26, the company rating was downgraded by Zacks. The firm has “Neutral” rating given on Thursday, October 8 by JP Morgan. The stock has “Market Perform” rating given by BMO Capital Markets on Tuesday, April 5. SunTrust downgraded it to “Neutral” rating and $22 target price in Tuesday, March 8 report. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, June 23 report. As per Tuesday, March 15, the company rating was downgraded by Gabelli. The stock of Actuant Corporation (NYSE:ATU) has “Buy” rating given on Tuesday, November 3 by SunTrust. The rating was initiated by Acumen Capital on Friday, December 18 with “Speculative Buy”.

According to Zacks Investment Research, “Actuant, headquartered in Milwaukee, Wisconsin, is a diversified industrial company with operations in 15 countries. Actuant offers products under such established brand names as Enerpac, Gardner Bender, Milwaukee Cylinder, Nielsen Sessions, Power-Packer, and Power Gear.”

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.37, from 1.2 in 2016Q1. The ratio dived, as 24 funds sold all Actuant Corporation shares owned while 51 reduced positions. 14 funds bought stakes while 48 increased positions. They now own 61.78 million shares or 2.63% more from 60.20 million shares in 2016Q1.
First Mercantile reported 12,600 shares or 0.04% of all its holdings. Prudential reported 142,832 shares or 0.01% of all its holdings. Westport Resource Mngmt accumulated 500 shares or 0% of the stock. New York State Common Retirement Fund has 0.01% invested in the company for 156,826 shares. Moreover, Metropolitan Life Ins Ny has 0.01% invested in Actuant Corporation (NYSE:ATU) for 41,783 shares. Caisse De Depot Et Placement Du Quebec reported 180,000 shares or 0.01% of all its holdings. Barclays Pcl has invested 0% of its portfolio in Actuant Corporation (NYSE:ATU). Moreover, Ameriprise Inc has 0% invested in Actuant Corporation (NYSE:ATU) for 337,934 shares. Chicago Equity Prtnrs Lc has 0.01% invested in the company for 21,440 shares. Cortina Asset Llc owns 271,300 shares or 0.28% of their US portfolio. Capstone Asset, a Texas-based fund reported 17,782 shares. Federated Investors Pa last reported 0.04% of its portfolio in the stock. Envestnet Asset Management Inc last reported 0% of its portfolio in the stock. The Maryland-based Inv Counselors Of Maryland Limited Liability has invested 0.62% in Actuant Corporation (NYSE:ATU). Thrivent For Lutherans has invested 0.13% of its portfolio in Actuant Corporation (NYSE:ATU).

Insider Transactions: Since April 4, 2016, the stock had 1 insider buy, and 0 insider sales for $249,796 net activity. $100,022 worth of Actuant Corporation (NYSE:ATU) was bought by Baker Randal W on Monday, April 4. The insider Skogg Eugene Edward bought $244,600. Shares for $159,250 were bought by Sefcik Mark.

More recent Actuant Corporation (NYSE:ATU) news were published by: Biztimes.com which released: “Actuant Corp. profits plummet” on September 28, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Actuant, Nucor and Steel Dynamics” on September 26, 2016. Nasdaq.com‘s news article titled: “Actuant Corporation (ATU) Ex-Dividend Date Scheduled for September 28, 2016” with publication date: September 27, 2016 was also an interesting one.

ATU Company Profile

Actuant Corporation, incorporated on October 26, 1910, designs, makes and distributes a range of industrial products and systems to various end markets. The Firm operates through three divisions: 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. The Company’s Energy segment provides joint integrity services and products, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global gas and oil, power generation and other energy markets. The Company’s Engineered Solutions segment provides engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as various other products to the industrial and agricultural markets.

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