Quantbot Technologies LP Has $3.06 Million Position in Atkore Inc. (NYSE:ATKR)

Quantbot Technologies LP raised its stake in Atkore Inc. (NYSE:ATKR) by 40.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 36,131 shares of the company’s stock after acquiring an additional 10,387 shares during the period. Quantbot Technologies LP’s holdings in Atkore were worth $3,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ATKR. Quarry LP bought a new position in Atkore during the second quarter worth $57,000. Mather Group LLC. grew its holdings in Atkore by 895.7% during the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after acquiring an additional 421 shares during the period. Signaturefd LLC raised its position in shares of Atkore by 445.6% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the company’s stock worth $42,000 after acquiring an additional 401 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Atkore by 829.9% in the 2nd quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after acquiring an additional 805 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Atkore by 63.7% during the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company’s stock valued at $85,000 after purchasing an additional 390 shares in the last quarter.

Analysts Set New Price Targets

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

Atkore Trading Down 1.9 %

NYSE:ATKR opened at $93.16 on Thursday. Atkore Inc. has a one year low of $76.01 and a one year high of $194.98. The company has a market cap of $3.25 billion, a PE ratio of 7.38 and a beta of 2.13. 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 firm has a 50-day moving average of $88.26 and a 200-day moving average of $111.70.

Atkore Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, December 6th. Atkore’s dividend payout ratio (DPR) is presently 10.13%.

Insider Activity

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