Actuant Corporation (NYSE:ATU) Shorted Shares Decreased By 3.69%

November 10, 2018 - By Clifton Ray

Actuant Corporation (NYSE:ATU) Logo

Investors sentiment increased to 1.38 in 2018 Q2. Its up 0.32, from 1.06 in 2018Q1. It is positive, as 7 investors sold Actuant Corporation shares while 46 reduced holdings. 21 funds opened positions while 52 raised stakes. 66.53 million shares or 2.03% less from 67.91 million shares in 2018Q1 were reported.
Raymond James Tru Na has 12,333 shares. 17,192 are held by Teachers Retirement Of The State Of Kentucky. Moreover, Captrust Financial Advisors has 0% invested in Actuant Corporation (NYSE:ATU) for 10 shares. Great Lakes Advisors Ltd Company invested 0.14% of its portfolio in Actuant Corporation (NYSE:ATU). American Gp Inc holds 0% of its portfolio in Actuant Corporation (NYSE:ATU) for 46,942 shares. Sei reported 37,337 shares. Swiss Retail Bank accumulated 104,000 shares. Verition Fund Management Limited Liability holds 0.02% of its portfolio in Actuant Corporation (NYSE:ATU) for 10,693 shares. 1.05M are owned by Cramer Rosenthal Mcglynn Limited Liability. Pinebridge Investments L P stated it has 0.05% in Actuant Corporation (NYSE:ATU). Wellington Mngmt Llp reported 0.03% in Actuant Corporation (NYSE:ATU). Texas Permanent School Fund holds 39,168 shares. Inv Counselors Of Maryland Ltd Limited Liability Company reported 743,786 shares or 1.02% of all its holdings. Ontario – Canada-based Manufacturers Life Insur The has invested 0% in Actuant Corporation (NYSE:ATU). Prudential Financial Inc, a New Jersey-based fund reported 102,482 shares.

The stock of Actuant Corporation (NYSE:ATU) registered a decrease of 3.69% in short interest. ATU’s total short interest was 5.03 million shares in November as published by FINRA. Its down 3.69% from 5.22 million shares, reported previously. With 246,800 shares average volume, it will take short sellers 20 days to cover their ATU’s short positions.

The stock decreased 1.58% or $0.41 during the last trading session, reaching $25.49. About 299,348 shares traded. Actuant Corporation (NYSE:ATU) has risen 14.12% since November 10, 2017 and is uptrending. It has underperformed by 1.50% the S&P500.

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. The company has market cap of $1.56 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.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Among 6 analysts covering Actuant (NYSE:ATU), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. Actuant had 7 analyst reports since June 21, 2018 according to SRatingsIntel. The stock of Actuant Corporation (NYSE:ATU) has “Underweight” rating given 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. J.P. Morgan downgraded Actuant Corporation (NYSE:ATU) on Thursday, June 21 to “Sell” rating. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, June 21 report. Wells Fargo maintained it with “Market Perform” rating and $27 target in Friday, October 19 report. The rating was maintained by Robert W. Baird with “Buy” on Thursday, June 21. On Thursday, September 27 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

Another recent and important Actuant Corporation (NYSE:ATU) news was published by Nasdaq.com which published an article titled: “Market Trends Toward New Normal in Polaris Industries, NIKE, Charles River Laboratories International, Actuant …” on October 29, 2018.

Actuant Corporation (NYSE:ATU) Ratings Chart

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