Quantbot Technologies LP Increases Stock Holdings in Atkore Inc. (NYSE:ATKR)

Quantbot Technologies LP increased its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 40.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,131 shares of the company's stock after buying an additional 10,387 shares during the period. Quantbot Technologies LP owned about 0.10% of Atkore worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the business's stock in a transaction dated Monday, November 11th. The stock was 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. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total value of $1,251,417.54. Following the completion of the transaction, the vice president now owns 27,528 shares in the company, valued at approximately $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.56% of the company's stock.

Atkore Trading Down 1.9 %

Shares of NYSE:ATKR traded down $1.78 during midday trading on Thursday, reaching $93.17. The company's stock had a trading volume of 726,884 shares, compared to its average volume of 639,876. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 7.38 and a beta of 2.13. The business has a 50 day moving average price of $88.34 and a 200 day moving average price of $111.57. Atkore Inc. has a 1 year low of $76.01 and a 1 year 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.

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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, December 6th. Atkore's dividend payout ratio is currently 10.13%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ATKR. Loop Capital cut their price objective on Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. KeyCorp cut their price target on 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 Atkore from $99.00 to $93.00 and set a "sector perform" rating on the stock in a research note on Friday, November 22nd. Finally, B. Riley downgraded shares of Atkore from a "buy" rating to a "neutral" rating and cut their target price for the company from $135.00 to $84.00 in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Atkore has an average rating of "Hold" and a consensus target price of $117.00.

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.