UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $8.41 Million Stock Holdings in Atkore Inc. (NYSE:ATKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Atkore Inc. (NYSE:ATKR - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 100,802 shares of the company's stock after purchasing an additional 12,260 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Atkore worth $8,412,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of Atkore by 87.7% in the 4th quarter. Jones Financial Companies Lllp now owns 398 shares of the company's stock valued at $33,000 after acquiring an additional 186 shares during the last quarter. Pacer Advisors Inc. increased its stake in Atkore by 30.2% during the 4th quarter. Pacer Advisors Inc. now owns 841 shares of the company's stock worth $70,000 after purchasing an additional 195 shares in the last quarter. Harbour Investments Inc. increased its stake in Atkore by 3,333.3% during the 4th quarter. Harbour Investments Inc. now owns 1,030 shares of the company's stock worth $86,000 after purchasing an additional 1,000 shares in the last quarter. KBC Group NV increased its stake in Atkore by 47.7% during the 4th quarter. KBC Group NV now owns 1,452 shares of the company's stock worth $121,000 after purchasing an additional 469 shares in the last quarter. Finally, Covestor Ltd increased its stake in Atkore by 88.5% during the 4th quarter. Covestor Ltd now owns 1,889 shares of the company's stock worth $157,000 after purchasing an additional 887 shares in the last quarter.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction dated Friday, May 9th. The stock was 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 $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 SEC, which is available at this link. 1.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ATKR. Royal Bank of Canada increased their target price on Atkore from $65.00 to $70.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Loop Capital cut Atkore from a "buy" rating to a "hold" rating and lowered their target price for the stock from $115.00 to $65.00 in a research note on Monday, February 10th. Citigroup lowered their target price on Atkore from $78.00 to $66.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. KeyCorp increased their target price on Atkore from $70.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Atkore from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $77.57.

Atkore Stock Down 1.1%

Shares of NYSE ATKR traded down $0.75 during trading hours on Wednesday, hitting $67.25. The company had a trading volume of 219,858 shares, compared to its average volume of 673,935. The stock has a market capitalization of $2.26 billion, a P/E ratio of 6.51 and a beta of 2.10. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51. Atkore Inc. has a 1-year low of $49.92 and a 1-year high of $153.32. The firm's 50 day moving average is $63.06 and its 200-day moving average is $72.47.

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

Atkore Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 16th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.96%. This is a boost from Atkore's previous quarterly dividend of $0.32. Atkore's dividend payout ratio (DPR) is presently 25.38%.

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.