Actuant Corporation (ATU) Analysts See $0.21 EPS

September 17, 2017 - By Adrian Erickson

 Actuant Corporation (ATU) Analysts See $0.21 EPS
Investors sentiment decreased to 1.12 in Q4 2016. Its down 0.16, from 1.28 in 2016Q3. It dived, as 25 investors sold Actuant Corporation shares while 51 reduced holdings. 33 funds opened positions while 52 raised stakes. 59.93 million shares or 1.53% less from 60.86 million shares in 2016Q3 were reported.
107,505 were reported by Seabridge Advisors Limited Liability Com. 430,216 are held by Geode Mgmt Limited Liability Company. Vulcan Value Prtnrs Ltd holds 1.56M shares. Moreover, Mondrian Investment Prtnrs has 1.19% invested in Actuant Corporation (NYSE:ATU) for 1.59 million shares. California State Teachers Retirement Sys accumulated 121,150 shares. Systematic Finance Mngmt L P invested in 214,838 shares or 0.09% of the stock. Dimensional Fund Advisors L P reported 2.68 million shares. Proshare Advisors reported 11,053 shares or 0% of all its holdings. Vanguard Grp Inc Inc Inc holds 0.01% or 4.83 million shares. The United Kingdom-based Marshall Wace Limited Liability Partnership has invested 0.01% in Actuant Corporation (NYSE:ATU). 1.54M are held by First Manhattan. Tiaa Cref Inv Management Limited Liability Corp holds 171,485 shares. Credit Suisse Ag holds 0% in Actuant Corporation (NYSE:ATU) or 108,794 shares. Invesco Ltd holds 0% or 223,242 shares. State Of Tennessee Treasury Department has invested 0.01% in Actuant Corporation (NYSE:ATU).

Since March 29, 2017, it had 0 insider purchases, and 3 selling transactions for $105,009 activity. 500 shares valued at $12,665 were sold by Wozniak Ted on Wednesday, April 5. On Wednesday, March 29 the insider Rennie Stephen sold $66,704.

Wall Street await Actuant Corporation (NYSE:ATU) to release earnings on September, 27 before the open. Analysts forecast earnings per share of $0.21, down exactly $0.09 or 30.00 % from 2014’s $0.3 EPS. The expected ATU’s profit could reach $12.52M giving the stock 30.95 P/E in the case that $0.21 earnings per share is reported. After posting $0.32 EPS for the previous quarter, Actuant Corporation’s analysts now forecast -34.38 % negative EPS growth. The stock decreased 0.19% or $0.05 on September 15, reaching $26. About 1.25 million shares traded or 225.33% up from the average. Actuant Corporation (NYSE:ATU) has risen 0.16% since September 17, 2016 and is uptrending. It has underperformed by 16.54% the S&P500.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Among 18 analysts covering Actuant (NYSE:ATU), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Actuant had 35 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Actuant Corporation (NYSE:ATU) has “Hold” rating given on Sunday, August 20 by Stifel Nicolaus. Barclays Capital initiated Actuant Corporation (NYSE:ATU) on Friday, September 25 with “Equal-Weight” rating. Wells Fargo downgraded the shares of ATU in report on Friday, October 7 to “Market Perform” rating. The rating was upgraded by J.P. Morgan on Wednesday, June 21 to “Hold”. The stock has “Neutral” rating by SunTrust on Tuesday, March 8. Stifel Nicolaus maintained Actuant Corporation (NYSE:ATU) rating on Thursday, June 22. Stifel Nicolaus has “Hold” rating and $26 target. The stock has “Market Perform” rating by BMO Capital Markets on Friday, August 18. The stock of Actuant Corporation (NYSE:ATU) has “Hold” rating given on Tuesday, March 15 by Gabelli. The stock of Actuant Corporation (NYSE:ATU) has “Buy” rating given on Tuesday, November 3 by Suntrust Robinson. The rating was upgraded by Robert W. Baird to “Outperform” on Monday, November 14.

Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The company has market cap of $1.55 billion. The Firm operates through three divisions: Industrial, Energy and Engineered Solutions. It has a 31.12 P/E ratio. 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.

More important recent Actuant Corporation (NYSE:ATU) news were published by: Valuewalk.com which released: “Actuant Corporation (ATU) – Short Thesis” on May 12, 2017, also Businesswire.com published article titled: “Actuant Announces Leadership Consolidation”, Nasdaq.com published: “Actuant Corp. Cuts FY17 Guidance – Quick Facts” on June 21, 2017. More interesting news about Actuant Corporation (NYSE:ATU) was released by: Biztimes.com and their article: “Actuant consolidates leadership to improve cost structure” with publication date: September 15, 2017.

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