DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Position in Atkore Inc. (NYSE:ATKR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 71.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,229 shares of the company's stock after selling 25,922 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Atkore were worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. EP Wealth Advisors LLC raised its holdings in Atkore by 3.9% in the 4th quarter. EP Wealth Advisors LLC now owns 7,364 shares of the company's stock valued at $615,000 after acquiring an additional 276 shares in the last quarter. Algert Global LLC grew its position in Atkore by 36.0% during the 4th quarter. Algert Global LLC now owns 171,161 shares of the company's stock worth $14,283,000 after acquiring an additional 45,267 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Atkore during the 4th quarter worth approximately $225,000. AQR Capital Management LLC grew its position in Atkore by 6.7% during the 4th quarter. AQR Capital Management LLC now owns 49,939 shares of the company's stock worth $4,167,000 after acquiring an additional 3,150 shares during the last quarter. Finally, AdvisorShares Investments LLC bought a new stake in Atkore during the 4th quarter worth approximately $476,000.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.16, for a total value of $69,160.00. Following the transaction, the insider now owns 32,828 shares in the company, valued at approximately $2,270,384.48. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.99% of the stock is currently owned by insiders.

Atkore Stock Down 0.9%

NYSE:ATKR traded down $0.61 on Friday, hitting $68.82. The stock had a trading volume of 353,703 shares, compared to its average volume of 685,979. The firm's fifty day simple moving average is $62.33 and its two-hundred day simple moving average is $74.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.96 and a current ratio of 3.03. Atkore Inc. has a 1 year low of $49.92 and a 1 year high of $157.25. The stock has a market cap of $2.32 billion, a P/E ratio of 6.66 and a beta of 2.10.

Atkore (NYSE:ATKR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.52. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The company had revenue of $701.73 million during the quarter, compared to analyst estimates of $690.83 million. During the same quarter last year, the business posted $4.08 EPS. Atkore's quarterly revenue was down 11.5% compared to the same quarter last year. Analysts predict that Atkore Inc. will post 5.79 earnings per share for the current year.

Atkore Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.33 per share. This is an increase from Atkore's previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, May 16th. Atkore's payout ratio is currently 25.38%.

Analyst Ratings Changes

A number of equities research analysts recently commented on ATKR shares. Citigroup decreased their price target on Atkore from $78.00 to $66.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Loop Capital downgraded Atkore from a "buy" rating to a "hold" rating and dropped their price target for the company from $115.00 to $65.00 in a research note on Monday, February 10th. Roth Capital set a $78.00 target price on Atkore and gave the company a "buy" rating in a research report on Wednesday, May 7th. StockNews.com upgraded Atkore from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, KeyCorp boosted their price objective on Atkore from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $77.57.

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.