OMERS ADMINISTRATION Corp Increases Stake in Atkore Inc. (NYSE:ATKR)

OMERS ADMINISTRATION Corp increased its holdings in Atkore Inc. (NYSE:ATKR) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,400 shares of the company’s stock after purchasing an additional 600 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Atkore were worth $1,452,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ATKR. Barclays PLC boosted its stake in shares of Atkore by 50.2% in the 3rd quarter. Barclays PLC now owns 70,736 shares of the company’s stock valued at $5,994,000 after purchasing an additional 23,628 shares in the last quarter. Lakewood Asset Management LLC boosted its stake in shares of Atkore by 1.4% in the 4th quarter. Lakewood Asset Management LLC now owns 9,057 shares of the company’s stock valued at $756,000 after purchasing an additional 126 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Atkore by 2,642.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 29,947 shares of the company’s stock valued at $2,499,000 after purchasing an additional 28,855 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of Atkore by 16.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,799 shares of the company’s stock valued at $317,000 after purchasing an additional 544 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Atkore by 47.7% in the 4th quarter. KBC Group NV now owns 1,452 shares of the company’s stock valued at $121,000 after purchasing an additional 469 shares in the last quarter.

Atkore Stock Up 0.3%

Shares of NYSE ATKR opened at $69.58 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.96 and a debt-to-equity ratio of 0.51. Atkore Inc. has a 12 month low of $49.92 and a 12 month high of $158.20. The firm has a market capitalization of $2.34 billion, a PE ratio of 6.74 and a beta of 2.10. The firm has a fifty day simple moving average of $62.21 and a two-hundred day simple moving average of $74.92.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.52 by $0.52. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The business had revenue of $701.73 million during the quarter, compared to analyst estimates of $690.83 million. During the same period in the prior year, the business earned $4.08 EPS. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. Equities analysts expect that Atkore Inc. will post 5.79 earnings per share for the current year.

Atkore Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be issued a $0.33 dividend. The ex-dividend date is Friday, May 16th. This is a positive change from Atkore’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 1.90%. Atkore’s dividend payout ratio is 25.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ATKR shares. Loop Capital cut shares of Atkore from a “buy” rating to a “hold” rating and cut their price objective for the company from $115.00 to $65.00 in a research note on Monday, February 10th. StockNews.com raised shares of Atkore from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup dropped their price target on shares of Atkore from $78.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada increased their price target on shares of Atkore from $65.00 to $70.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. Finally, Roth Capital set a $78.00 price target on shares of Atkore and gave the company a “buy” rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Atkore currently has an average rating of “Moderate Buy” and an average price target of $77.57.

Insiders Place Their Bets

In related news, insider Mark F. Lamps sold 1,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.16, for a total value of $69,160.00. Following the completion of the transaction, the insider now directly owns 32,828 shares in the company, valued at $2,270,384.48. This trade represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.99% of the company’s stock.

Atkore Company Profile

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.