Trexquant Investment LP Sells 53,430 Shares of Atkore Inc. (NYSE:ATKR)

Trexquant Investment LP decreased its holdings in shares of Atkore Inc. (NYSE:ATKR) by 50.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,586 shares of the company’s stock after selling 53,430 shares during the quarter. Trexquant Investment LP’s holdings in Atkore were worth $4,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lakewood Asset Management LLC grew its stake in shares of Atkore by 1.4% in the fourth quarter. Lakewood Asset Management LLC now owns 9,057 shares of the company’s stock worth $756,000 after acquiring an additional 126 shares during the last quarter. Isthmus Partners LLC boosted its holdings in Atkore by 0.8% in the 4th quarter. Isthmus Partners LLC now owns 21,441 shares of the company’s stock valued at $1,789,000 after purchasing an additional 162 shares during the period. Xponance Inc. grew its position in Atkore by 6.9% in the 4th quarter. Xponance Inc. now owns 2,569 shares of the company’s stock worth $214,000 after purchasing an additional 166 shares during the last quarter. Willis Investment Counsel increased its holdings in shares of Atkore by 3.3% during the 4th quarter. Willis Investment Counsel now owns 5,350 shares of the company’s stock worth $446,000 after purchasing an additional 171 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Atkore by 87.7% during the fourth quarter. Jones Financial Companies Lllp now owns 398 shares of the company’s stock valued at $33,000 after buying an additional 186 shares during the last quarter.

Insider Activity

In other news, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $65.00, for a total transaction of $32,500.00. Following the transaction, the insider now directly owns 33,760 shares in the company, valued at approximately $2,194,400. This represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.99% of the stock is currently owned by corporate insiders.

Atkore Stock Down 2.0 %

ATKR opened at $53.90 on Friday. Atkore Inc. has a twelve month low of $50.44 and a twelve month high of $185.47. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 5.22 and a beta of 2.02. The firm’s 50-day simple moving average is $66.40 and its 200-day simple moving average is $79.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.96 and a current ratio of 3.03.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.45. The company had revenue of $661.60 million during the quarter, compared to analyst estimates of $680.77 million. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The company’s revenue was down 17.1% on a year-over-year basis. During the same quarter last year, the business posted $4.12 earnings per share. Equities research analysts anticipate that Atkore Inc. will post 5.79 EPS for the current fiscal year.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Tuesday, February 18th. Atkore’s payout ratio is presently 12.39%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ATKR. KeyCorp decreased their price objective on Atkore from $105.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Roth Mkm assumed coverage on shares of Atkore in a report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 price target on the stock. Loop Capital downgraded shares of Atkore from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $65.00 in a report on Monday, February 10th. Finally, Roth Capital raised shares of Atkore to a “strong-buy” rating in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

About Atkore

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.