Actuant Corp (NYSE:ATU) Institutional Investors Quarterly Sentiment

January 17, 2018 - By Michael Collier

 Actuant Corp (NYSE:ATU) Institutional Investors Quarterly Sentiment

Sentiment for Actuant Corp (NYSE:ATU)

Actuant Corp (NYSE:ATU) institutional sentiment decreased to 1.37 in 2017 Q3. Its down -0.35, from 1.72 in 2017Q2. The ratio has worsened, as 82 active investment managers increased or started new positions, while 60 sold and decreased their holdings in Actuant Corp. The active investment managers in our partner’s database now own: 62.75 million shares, down from 64.72 million shares in 2017Q2. Also, the number of active investment managers holding Actuant Corp in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 13 Reduced: 47 Increased: 60 New Position: 22.

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. The company has market cap of $1.52 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.

The stock decreased 0.59% or $0.15 during the last trading session, reaching $25.4. About 521,436 shares traded or 23.71% up from the average. Actuant Corporation (NYSE:ATU) has risen 0.16% since January 17, 2017 and is uptrending. It has underperformed by 16.54% the S&P500.

Clarkston Capital Partners Llc holds 2.68% of its portfolio in Actuant Corporation for 2.54 million shares. Mountain Lake Investment Management Llc owns 230,000 shares or 1.97% of their US portfolio. Moreover, Southeastern Asset Management Inc Tn has 1.82% invested in the company for 5.90 million shares. The California-based Cove Street Capital Llc has invested 1.6% in the stock. Southernsun Asset Management Llc, a Tennessee-based fund reported 2.44 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $153,218 activity.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Ratings analysis reveals 33% of Actuant’s analysts are positive. Out of 18 Wall Street analysts rating Actuant, 6 give it “Buy”, 0 “Sell” rating, while 12 recommend “Hold”. The lowest target is $0.50 while the high is $30. The stock’s average target of $22.65 is -10.83% below today’s ($25.4) share price. ATU was included in 44 notes of analysts from August 26, 2015. SunTrust initiated the shares of ATU in report on Tuesday, November 3 with “Buy” rating. The rating was downgraded by Barclays Capital on Monday, October 24 to “Underweight”. The firm has “Hold” rating given on Friday, March 24 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, July 25. The stock has “Buy” rating by Suntrust Robinson on Tuesday, November 3. The rating was maintained by Robert W. Baird on Tuesday, October 31 with “Buy”. Gabelli upgraded the stock to “Buy” rating in Thursday, June 22 report. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, August 20. Aegis Capital initiated Actuant Corporation (NYSE:ATU) on Friday, December 2 with “Buy” rating. The firm earned “Overweight” rating on Monday, September 18 by KeyBanc Capital Markets.

More recent Actuant Corporation (NYSE:ATU) news were published by: Nasdaq.com which released: “Actuant Corp. Reveals 5% Decline In Q1 Profit” on December 20, 2017. Also Businesswire.com published the news titled: “Actuant Reports First Quarter Results; Reaffirms Fiscal 2018 Guidance” on December 20, 2017. Seekingalpha.com‘s news article titled: “Actuant’s (ATU) CEO Randy Baker on Q1 2018 Results – Earnings Call Transcript” with publication date: December 20, 2017 was also an interesting one.

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