Centiva Capital LP Boosts Stock Position in Atkore Inc. (NYSE:ATKR)

Centiva Capital LP lifted its holdings in shares of Atkore Inc. (NYSE:ATKR) by 153.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 26,910 shares of the company’s stock after acquiring an additional 16,298 shares during the period. Centiva Capital LP’s holdings in Atkore were worth $2,280,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hodges Capital Management Inc. purchased a new stake in shares of Atkore during the second quarter worth about $4,158,000. Boston Trust Walden Corp purchased a new stake in shares of Atkore during the second quarter worth about $23,306,000. Maverick Capital Ltd. grew its stake in shares of Atkore by 386.9% during the second quarter. Maverick Capital Ltd. now owns 9,709 shares of the company’s stock worth $1,310,000 after acquiring an additional 7,715 shares during the last quarter. Chase Investment Counsel Corp lifted its holdings in shares of Atkore by 97.0% during the third quarter. Chase Investment Counsel Corp now owns 13,000 shares of the company’s stock worth $1,101,000 after purchasing an additional 6,400 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Atkore during the second quarter worth about $3,095,000.

Atkore Trading Down 0.1 %

Shares of ATKR stock opened at $94.18 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.98 and a quick ratio of 1.96. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 7.46 and a beta of 2.13. The stock has a 50 day simple moving average of $88.67 and a 200-day simple moving average of $110.09. Atkore Inc. has a 1-year low of $76.01 and a 1-year high of $194.98.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, December 6th. Atkore’s payout ratio is 10.13%.

Insider Transactions at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the sale, the insider now directly owns 27,626 shares in the company, valued at approximately $2,667,290.30. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel S. Kelly sold 13,071 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total value of $1,251,417.54. Following the sale, the vice president now owns 27,528 shares of the company’s stock, valued at $2,635,530.72. The trade was a 32.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ATKR has been the subject of a number of research reports. B. Riley downgraded Atkore from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $135.00 to $84.00 in a report on Friday, November 22nd. KeyCorp decreased their price target on Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Royal Bank of Canada decreased their price target on Atkore from $99.00 to $93.00 and set a “sector perform” rating for the company in a report on Friday, November 22nd. Finally, Loop Capital decreased their price target on Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $117.00.

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.