Van ECK Associates Corp Has $2.14 Million Stock Position in Atkore Inc. (NYSE:ATKR)

Van ECK Associates Corp lifted its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 40.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,927 shares of the company's stock after acquiring an additional 7,123 shares during the quarter. Van ECK Associates Corp owned 0.07% of Atkore worth $2,136,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Boston Partners raised its holdings in shares of Atkore by 12.0% during the first quarter. Boston Partners now owns 1,340,146 shares of the company's stock worth $254,733,000 after purchasing an additional 143,121 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Atkore by 26.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company's stock worth $104,599,000 after buying an additional 261,234 shares in the last quarter. American Century Companies Inc. increased its position in Atkore by 22.9% in the 2nd quarter. American Century Companies Inc. now owns 773,697 shares of the company's stock valued at $104,395,000 after acquiring an additional 144,283 shares during the period. Clearbridge Investments LLC boosted its position in Atkore by 48.4% during the 1st quarter. Clearbridge Investments LLC now owns 514,908 shares of the company's stock worth $98,018,000 after acquiring an additional 168,042 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Atkore by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company's stock worth $85,535,000 after purchasing an additional 4,852 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada cut shares of Atkore from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $175.00 to $100.00 in a research note on Wednesday, August 7th. B. Riley reduced their price target on shares of Atkore from $183.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Loop Capital dropped their target price on Atkore from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, September 20th. Finally, KeyCorp decreased their price target on Atkore from $125.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Atkore has a consensus rating of "Moderate Buy" and a consensus target price of $131.60.

Atkore Price Performance

ATKR stock traded up $0.42 on Monday, hitting $95.73. 674,623 shares of the company's stock traded hands, compared to its average volume of 620,207. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 6.72 and a beta of 2.13. Atkore Inc. has a 1-year low of $80.11 and a 1-year high of $194.98. The stock has a fifty day moving average of $87.04 and a 200-day moving average of $118.66.

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.