Follow The Short Interest: Actuant Corporation (NYSE:ATU)’s Stock Is Buy After Less Market Selling

November 25, 2016 - By Nellie Frank   ·   0 Comments

Follow The Short Interest: Actuant Corporation (NYSE:ATU)'s Stock Is Buy After Less Market Selling

The stock of Actuant Corporation (NYSE:ATU) registered a decrease of 5.85% in short interest. ATU’s total short interest was 5.36 million shares in November as published by FINRA. Its down 5.85% from 5.70 million shares, reported previously. With 492,600 shares average volume, it will take short sellers 11 days to cover their ATU’s short positions. The short interest to Actuant Corporation’s float is 9.41%. The stock increased 0.57% or $0.15 on November 23, hitting $26.55. Actuant Corporation (NYSE:ATU) has risen 2.00% since April 22, 2016 and is uptrending. It has underperformed by 3.41% the S&P500.

Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The company has a market cap of $1.57 billion. The Firm operates through three divisions: Industrial, Energy and Engineered Solutions. It currently has negative earnings. 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.

Insitutional Activity: The institutional sentiment increased to 1.28 in Q2 2016. Its up 0.45, from 0.83 in 2016Q1. The ratio is positive, 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.
Susquehanna Interest Gru Ltd Liability Partnership holds 0% or 15,635 shares in its portfolio. Profund Advisors Ltd Company last reported 0.02% of its portfolio in the stock. Pnc Financial Svcs Inc holds 0% of its portfolio in Actuant Corporation (NYSE:ATU) for 81,928 shares. Pub Employees Retirement Association Of Colorado accumulated 0% or 13,145 shares. California Public Employees Retirement Sys has 0.01% invested in the company for 204,500 shares. Moreover, Federated Invsts Pa has 0.04% invested in Actuant Corporation (NYSE:ATU) for 597,214 shares. First Mercantile Tru has 12,600 shares for 0.04% of their US portfolio. Cubist Systematic Strategies Ltd Company last reported 24,356 shares in the company. Barclays Public Ltd Com holds 65 shares or 0% of its portfolio. California State Teachers Retirement System holds 123,250 shares or 0.01% of its portfolio. Seabridge Invest Limited Liability Corp reported 108,025 shares or 0.62% of all its holdings. Southeastern Asset Mgmt Tn has 6.41 million shares for 1.48% of their US portfolio. Caisse De Depot Et Placement Du Quebec last reported 0.01% of its portfolio in the stock. Alliancebernstein L P accumulated 345,337 shares or 0.01% of the stock. Blair William & Il holds 0% or 10,196 shares in its portfolio.

Insider Transactions: Since July 11, 2016, the stock had 3 buys, and 0 insider sales for $809,796 net activity. Baker Randal W had bought 10,795 shares worth $249,796 on Monday, July 11.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Out of 12 analysts covering Actuant (NYSE:ATU), 4 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 33% are positive. $30 is the highest target while $0.50 is the lowest. The $20.25 average target is -23.73% below today’s ($26.55) stock price. Actuant has been the topic of 18 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Actuant Corporation (NYSE:ATU) earned “Market Perform” rating by Wells Fargo on Friday, October 7. The firm earned “Buy” rating on Tuesday, November 3 by Suntrust Robinson. BMO Capital Markets initiated Actuant Corporation (NYSE:ATU) on Tuesday, April 5 with “Market Perform” rating. The firm has “Hold” rating given on Wednesday, August 26 by Zacks. The stock of Actuant Corporation (NYSE:ATU) earned “Outperform” rating by Robert W. Baird on Monday, November 14. The firm has “Neutral” rating given on Thursday, October 8 by JP Morgan. The rating was downgraded by Gabelli to “Hold” on Tuesday, March 15. The company was initiated on Friday, September 25 by Barclays Capital. The firm has “Outperform” rating given on Thursday, June 23 by RBC Capital Markets. The stock of Actuant Corporation (NYSE:ATU) has “Hold” rating given on Thursday, May 26 by Topeka Capital Markets.

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.

More news for Actuant Corporation (NYSE:ATU) were recently published by: Businesswire.com, which released: “Actuant Announces New Chief Financial Officer, Board Retirements and Other Items” on November 18, 2016. Biztimes.com‘s article titled: “Actuant Corp. profits plummet” and published on September 28, 2016 is yet another important article.

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By Nellie Frank


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