Trexquant Investment LP Has $4.31 Million Stock Holdings in Atkore Inc. (NYSE:ATKR)

Trexquant Investment LP decreased its stake in Atkore Inc. (NYSE:ATKR) by 50.9% in the fourth quarter, according to its most recent 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 owned 0.15% of Atkore worth $4,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in 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 in the last quarter. Quarry LP lifted its position in shares of Atkore by 48.8% in the 3rd quarter. Quarry LP now owns 634 shares of the company’s stock valued at $54,000 after acquiring an additional 208 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Atkore by 30.2% in the 4th quarter. Pacer Advisors Inc. now owns 841 shares of the company’s stock worth $70,000 after purchasing an additional 195 shares during the period. Harbour Investments Inc. boosted its stake in Atkore by 3,333.3% in the 4th quarter. Harbour Investments Inc. now owns 1,030 shares of the company’s stock worth $86,000 after purchasing an additional 1,000 shares during the period. Finally, KBC Group NV grew its position in Atkore by 47.7% during the 4th quarter. KBC Group NV now owns 1,452 shares of the company’s stock worth $121,000 after purchasing an additional 469 shares in the last quarter.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $65.00, for a total transaction of $32,500.00. Following the transaction, the insider now owns 33,760 shares in the company, valued at $2,194,400. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.99% of the company’s stock.

Atkore Stock Down 2.0 %

Shares of Atkore stock opened at $53.90 on Friday. 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 stock has a 50-day simple moving average of $66.40 and a 200-day simple moving average of $79.93. Atkore Inc. has a 52-week low of $50.44 and a 52-week high of $185.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.03 and a quick ratio of 1.96.

Atkore (NYSE:ATKR) last posted its earnings results on Tuesday, February 4th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.45. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The firm had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $680.77 million. During the same period in the previous year, the company earned $4.12 earnings per share. The company’s revenue was down 17.1% compared to the same quarter last year. On average, equities research analysts expect that Atkore Inc. will post 5.79 earnings per share for the current fiscal year.

Atkore Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. KeyCorp decreased their target price on Atkore from $105.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Roth Mkm began coverage on Atkore in a research report on Tuesday, December 17th. They set a “buy” rating and a $100.00 price objective for the company. Roth Capital raised Atkore to a “strong-buy” rating in a research note on Monday, December 16th. Finally, Loop Capital lowered shares of Atkore from a “buy” rating to a “hold” rating and reduced their price target for the stock from $115.00 to $65.00 in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.