Van Den Berg Management I Inc. boosted its holdings in Atkore International Group Inc (NYSE:ATKR) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,398,570 shares of the company’s stock after purchasing an additional 25,535 shares during the quarter. Atkore International Group makes up approximately 3.4% of Van Den Berg Management I Inc.’s holdings, making the stock its 11th biggest position. Van Den Berg Management I Inc. owned 2.20% of Atkore International Group worth $29,999,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in shares of Atkore International Group by 31.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,041 shares of the company’s stock worth $387,000 after acquiring an additional 4,290 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Atkore International Group during the 4th quarter worth approximately $944,000. Koch Industries Inc. purchased a new stake in shares of Atkore International Group during the 4th quarter worth approximately $259,000. Kennedy Capital Management Inc. raised its holdings in shares of Atkore International Group by 26.1% during the 4th quarter. Kennedy Capital Management Inc. now owns 41,667 shares of the company’s stock worth $894,000 after acquiring an additional 8,637 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Atkore International Group by 11.8% during the 4th quarter. Geode Capital Management LLC now owns 445,289 shares of the company’s stock worth $9,551,000 after acquiring an additional 46,993 shares in the last quarter. Institutional investors and hedge funds own 99.26% of the company’s stock.
Several analysts have recently issued reports on the company. TheStreet raised Atkore International Group from a “d+” rating to a “c” rating in a report on Wednesday, February 14th. Zacks Investment Research raised Atkore International Group from a “sell” rating to a “hold” rating and set a $24.00 price objective on the stock in a report on Thursday, February 8th. Citigroup upped their price objective on Atkore International Group to $27.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, UBS assumed coverage on Atkore International Group in a report on Tuesday, January 23rd. They set a “hold” rating and a $23.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.80.
NYSE:ATKR traded down $0.67 during midday trading on Monday, hitting $19.18. 379,296 shares of the company traded hands, compared to its average volume of 539,979. Atkore International Group Inc has a 12-month low of $15.05 and a 12-month high of $26.80. The firm has a market capitalization of $1,262.60, a PE ratio of 15.63, a PEG ratio of 1.10 and a beta of 1.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.39 and a current ratio of 2.45.
Atkore International Group (NYSE:ATKR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. Atkore International Group had a return on equity of 26.99% and a net margin of 5.97%. The company had revenue of $414.60 million for the quarter, compared to analyst estimates of $382.89 million. During the same quarter in the prior year, the firm posted $0.28 EPS. Atkore International Group’s quarterly revenue was up 22.8% compared to the same quarter last year. equities analysts forecast that Atkore International Group Inc will post 1.8 EPS for the current year.
In other Atkore International Group news, major shareholder Allied Holdings L.P. Cd&R sold 5,792,925 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $21.27, for a total value of $123,215,514.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Patrick Williamson sold 3,760 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $21.00, for a total value of $78,960.00. Following the completion of the transaction, the insider now directly owns 196,872 shares in the company, valued at approximately $4,134,312. The disclosure for this sale can be found here. Insiders have sold a total of 23,109,924 shares of company stock worth $500,173,870 in the last 90 days. 51.00% of the stock is currently owned by insiders.
About Atkore International Group
Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.
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