PDT Partners LLC Has $680,000 Position in Atkore Inc. (NYSE:ATKR)

PDT Partners LLC trimmed its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 73.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,030 shares of the company's stock after selling 22,200 shares during the period. PDT Partners LLC's holdings in Atkore were worth $680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Signaturefd LLC grew its stake 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 purchasing an additional 401 shares during the last quarter. Quarry LP acquired a new position in Atkore in the second quarter worth approximately $57,000. Mather Group LLC. raised its holdings in Atkore by 895.7% during the second quarter. Mather Group LLC. now owns 468 shares of the company's stock valued at $63,000 after buying an additional 421 shares in the last quarter. Covestor Ltd boosted its position in Atkore by 63.7% during the third quarter. Covestor Ltd now owns 1,002 shares of the company's stock worth $85,000 after purchasing an additional 390 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company's stock worth $122,000 after purchasing an additional 805 shares during the period.

Analysts Set New Price Targets

Several research firms recently weighed in on ATKR. Loop Capital reduced their target price on shares of Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. KeyCorp dropped their price objective on shares of 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 objective on shares of Atkore from $99.00 to $93.00 and set a "sector perform" rating on the stock in a 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 company from $135.00 to $84.00 in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $117.00.

Atkore Trading Down 0.3 %

Shares of ATKR traded down $0.30 during trading hours on Tuesday, reaching $93.88. The stock had a trading volume of 339,516 shares, compared to its average volume of 911,186. Atkore Inc. has a 52 week low of $76.01 and a 52 week high of $194.98. The company has a quick ratio of 1.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.28 billion, a P/E ratio of 7.43 and a beta of 2.10. The firm has a 50-day moving average of $88.84 and a 200 day moving average of $109.68.

Atkore Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Jeri L. Isbell sold 3,353 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $94.03, for a total transaction of $315,282.59. Following the sale, the director now owns 25,585 shares in the company, valued at approximately $2,405,757.55. This represents a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark F. Lamps sold 500 shares of Atkore 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 transaction, the insider now directly 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. In the last three months, insiders have sold 16,924 shares of company stock worth $1,614,975. Company insiders own 2.56% of the company's stock.

Atkore 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.