Parametrica Management Ltd Makes New Investment in Atkore Inc. (NYSE:ATKR)

Parametrica Management Ltd purchased a new stake in Atkore Inc. (NYSE:ATKRGet Rating) during the first quarter, HoldingsChannel reports. The institutional investor purchased 5,671 shares of the company’s stock, valued at approximately $558,000.

A number of other institutional investors also recently modified their holdings of ATKR. Catalyst Capital Advisors LLC increased its position in shares of Atkore by 111.1% in the fourth quarter. Catalyst Capital Advisors LLC now owns 266 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares during the last quarter. Northern Oak Wealth Management Inc. acquired a new position in Atkore during the fourth quarter worth approximately $33,000. Ellevest Inc. boosted its holdings in shares of Atkore by 54.7% during the first quarter. Ellevest Inc. now owns 376 shares of the company’s stock worth $37,000 after acquiring an additional 133 shares during the period. Private Capital Group LLC boosted its holdings in shares of Atkore by 706.3% during the first quarter. Private Capital Group LLC now owns 508 shares of the company’s stock worth $50,000 after acquiring an additional 445 shares during the period. Finally, Prospera Financial Services Inc bought a new stake in shares of Atkore during the first quarter worth approximately $63,000. 94.87% of the stock is currently owned by institutional investors.

Insider Activity at Atkore

In other Atkore news, CEO William E. Jr. Waltz sold 20,000 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $118.65, for a total value of $2,373,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,017 shares of the company’s stock, valued at approximately $4,629,367.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.96% of the stock is owned by company insiders.

Atkore Price Performance

ATKR stock opened at $92.16 on Monday. Atkore Inc. has a 1 year low of $80.04 and a 1 year high of $123.53. The stock has a market capitalization of $3.81 billion, a PE ratio of 4.75 and a beta of 2.27. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.77 and a quick ratio of 1.91. The company’s 50-day moving average is $91.62 and its 200-day moving average is $98.73.

Atkore (NYSE:ATKRGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $6.07 EPS for the quarter, beating the consensus estimate of $5.22 by $0.85. Atkore had a net margin of 23.50% and a return on equity of 90.18%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $3.96 EPS. The company’s revenue for the quarter was up 24.4% on a year-over-year basis.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Atkore from $151.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Credit Suisse Group boosted their price target on Atkore from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Citigroup boosted their price target on Atkore from $109.00 to $125.00 in a research note on Wednesday, May 4th. Finally, cut Atkore from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 27th.

About Atkore

(Get Rating)

Atkore Inc manufactures and sells electrical, safety, and infrastructure products in the United States and internationally. The company offers electrical products, including conduits cables, and installation accessories. It also provides safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management.

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Institutional Ownership by Quarter for Atkore (NYSE:ATKR)

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