Centiva Capital LP Buys 16,298 Shares of Atkore Inc. (NYSE:ATKR)

Centiva Capital LP boosted its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 153.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,910 shares of the company's stock after buying an additional 16,298 shares during the quarter. Centiva Capital LP owned approximately 0.08% of Atkore worth $2,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Arosa Capital Management LP bought a new position in Atkore in the 3rd quarter valued at about $5,084,000. Atom Investors LP acquired a new stake in shares of Atkore during the third quarter worth $3,080,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Atkore in the third quarter valued at about $144,000. Point72 Hong Kong Ltd acquired a new position in shares of Atkore in the third quarter valued at about $6,621,000. Finally, Edgestream Partners L.P. increased its position in Atkore by 923.0% during the third quarter. Edgestream Partners L.P. now owns 40,826 shares of the company's stock worth $3,460,000 after acquiring an additional 36,835 shares during the period.

Atkore Price Performance

NYSE ATKR traded down $0.23 on Tuesday, hitting $93.95. 198,132 shares of the company's stock were exchanged, compared to its average volume of 636,354. The stock has a 50-day moving average of $88.67 and a 200-day moving average of $110.09. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 7.46 and a beta of 2.10. Atkore Inc. has a 52 week low of $76.01 and a 52 week high of $194.98. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50.

Atkore Announces Dividend

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

Insiders Place Their Bets

In other news, VP Daniel S. Kelly sold 13,071 shares of the company's stock in a transaction on 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 completion of the transaction, the vice president now directly owns 27,528 shares in the company, valued at approximately $2,635,530.72. This represents a 32.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark F. Lamps sold 500 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $96.55, for a total value of $48,275.00. Following the sale, the insider now directly owns 27,626 shares in the company, 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. Insiders own 2.56% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ATKR shares. KeyCorp decreased their target price 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. Royal Bank of Canada reduced their price target on Atkore from $99.00 to $93.00 and set a "sector perform" rating on the stock in a research report on Friday, November 22nd. Loop Capital cut their target price on Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Finally, B. Riley cut Atkore from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.