8.47 % to Target, Robert W. Baird Reconfirms ‘Buy’ Rating on Actuant (NYSE:ATU) Shares Today

June 22, 2018 - By Vivian Park

Actuant Corporation (NYSE:ATU) Logo

Investors sentiment decreased to 1.06 in Q1 2018. Its down 0.23, from 1.29 in 2017Q4. It fall, as 15 investors sold Actuant Corporation shares while 47 reduced holdings. 15 funds opened positions while 51 raised stakes. 67.91 million shares or 5.02% more from 64.66 million shares in 2017Q4 were reported.

The Quebec – Canada-based Public Sector Pension Board has invested 0.01% in Actuant Corporation (NYSE:ATU). Cove Street Cap Ltd Liability Company reported 1.41% of its portfolio in Actuant Corporation (NYSE:ATU). Comerica Financial Bank reported 0.04% in Actuant Corporation (NYSE:ATU). D E Shaw And Co holds 0.01% of its portfolio in Actuant Corporation (NYSE:ATU) for 297,202 shares. United Automobile Association accumulated 0.02% or 268,719 shares. Great West Life Assurance Can accumulated 81,972 shares. Moreover, Suffolk Capital Lc has 0.11% invested in Actuant Corporation (NYSE:ATU). The Massachusetts-based Geode Cap Lc has invested 0% in Actuant Corporation (NYSE:ATU). Southeastern Asset Mngmt Tn has 5.90 million shares for 1.68% of their portfolio. Piedmont Advsr Ltd Liability Corp reported 12,826 shares. American International Group has 38,092 shares for 0% of their portfolio. Seabridge Inv Advsr Limited Liability Company invested 0.53% of its portfolio in Actuant Corporation (NYSE:ATU). Prudential Fin invested in 101,162 shares. Ameriprise reported 0% in Actuant Corporation (NYSE:ATU). Price T Rowe Associate Md has invested 0% in Actuant Corporation (NYSE:ATU).

Since May 14, 2018, it had 1 buying transaction, and 0 sales for $74,400 activity.

Actuant (NYSE:ATU) Rating Reaffirmed

Investment analysts at Robert W. Baird now has a $32.0000 target on Actuant (NYSE:ATU). Robert W. Baird and their recent target gives a potential upside of 8.47 % from the company’s previous stock close. The rating has been revealed in analysts report on 21 June.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Among 7 analysts covering Actuant (NYSE:ATU), 2 have Buy rating, 2 Sell and 3 Hold. Therefore 29% are positive. Actuant has $32 highest and $24.0 lowest target. $27.50’s average target is -6.78% below currents $29.5 stock price. Actuant had 11 analyst reports since January 25, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of ATU in report on Thursday, March 22 with “Overweight” rating. As per Thursday, March 22, the company rating was maintained by Stifel Nicolaus. The firm earned “Underweight” rating on Thursday, June 21 by JP Morgan. The stock of Actuant Corporation (NYSE:ATU) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, June 21. BMO Capital Markets maintained Actuant Corporation (NYSE:ATU) rating on Wednesday, March 21. BMO Capital Markets has “Hold” rating and $24.0 target. BMO Capital Markets maintained the shares of ATU in report on Thursday, June 21 with “Market Perform” rating. The stock of Actuant Corporation (NYSE:ATU) earned “Buy” rating by Robert W. Baird on Wednesday, March 21. RBC Capital Markets maintained the shares of ATU in report on Wednesday, March 21 with “Hold” rating. J.P. Morgan downgraded Actuant Corporation (NYSE:ATU) rating on Thursday, June 21. J.P. Morgan has “Sell” rating and $2500 target. The firm has “Buy” rating given on Thursday, June 21 by Robert W. Baird.

The stock increased 1.55% or $0.45 during the last trading session, reaching $29.5. About 2.27M shares traded or 367.80% up from the average. Actuant Corporation (NYSE:ATU) has declined 2.94% since June 22, 2017 and is downtrending. It has underperformed by 15.51% the S&P500.

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. The company has market cap of $1.79 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.

More notable recent Actuant Corporation (NYSE:ATU) news were published by: Businesswire.com which released: “Actuant Reports Third Quarter Results; Updates Fiscal 2018 Guidance” on June 20, 2018, also Seekingalpha.com with their article: “Actuant up 5% on Q3 earnings beat” published on June 20, 2018, Benzinga.com published: “10 Stocks To Watch For June 20, 2018” on June 20, 2018. More interesting news about Actuant Corporation (NYSE:ATU) were released by: Benzinga.com and their article: “Earnings Scheduled For June 20, 2018” published on June 20, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For June 21, 2018” with publication date: June 21, 2018.

Actuant Corporation (NYSE:ATU) Ratings Chart

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