Seizert Capital Partners LLC Has $6.53 Million Position in Atkore Inc. (NYSE:ATKR)

Seizert Capital Partners LLC decreased its position in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,805 shares of the company's stock after selling 6,841 shares during the quarter. Seizert Capital Partners LLC owned about 0.11% of Atkore worth $6,529,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. River Road Asset Management LLC raised its stake in Atkore by 14.1% during the 4th quarter. River Road Asset Management LLC now owns 1,260,290 shares of the company's stock valued at $201,646,000 after acquiring an additional 155,508 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Atkore by 0.7% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,126,630 shares of the company's stock valued at $168,082,000 after purchasing an additional 7,574 shares in the last quarter. Invesco Ltd. lifted its holdings in Atkore by 13.8% in the third quarter. Invesco Ltd. now owns 818,309 shares of the company's stock worth $122,084,000 after purchasing an additional 99,345 shares during the period. Allspring Global Investments Holdings LLC grew its position in Atkore by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 629,420 shares of the company's stock valued at $100,707,000 after buying an additional 12,189 shares in the last quarter. Finally, Boston Partners increased its stake in Atkore by 149.7% during the 3rd quarter. Boston Partners now owns 601,910 shares of the company's stock valued at $88,670,000 after buying an additional 360,837 shares during the period.

Atkore Price Performance

Atkore stock traded down $4.93 during mid-day trading on Friday, hitting $156.21. The company's stock had a trading volume of 889,167 shares, compared to its average volume of 612,065. Atkore Inc. has a twelve month low of $116.14 and a twelve month high of $194.98. The stock's fifty day moving average price is $176.10 and its two-hundred day moving average price is $156.14. The stock has a market capitalization of $5.69 billion, a P/E ratio of 9.74 and a beta of 2.19. The company has a quick ratio of 1.99, a current ratio of 3.09 and a debt-to-equity ratio of 0.49.

Atkore (NYSE:ATKR - Get Free Report) last issued its earnings results on Monday, May 6th. The company reported $4.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.86. Atkore had a return on equity of 43.19% and a net margin of 18.30%. The business had revenue of $792.90 million for the quarter, compared to analysts' expectations of $808.22 million. During the same period in the previous year, the firm posted $4.31 EPS. The company's quarterly revenue was down 11.5% on a year-over-year basis. Research analysts forecast that Atkore Inc. will post 15.06 earnings per share for the current year.

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Monday, May 20th. Atkore's dividend payout ratio is presently 7.98%.

Wall Street Analyst Weigh In

ATKR has been the subject of several recent analyst reports. StockNews.com cut shares of Atkore from a "buy" rating to a "hold" rating in a report on Wednesday. Citigroup dropped their price objective on Atkore from $200.00 to $188.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $187.00 target price on shares of Atkore in a research note on Friday, March 22nd.

Insiders Place Their Bets

In other news, insider John W. Pregenzer sold 6,548 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $158.49, for a total transaction of $1,037,792.52. Following the sale, the insider now owns 30,430 shares in the company, valued at $4,822,850.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider John W. Pregenzer sold 6,548 shares of Atkore stock in a transaction on Monday, February 26th. The stock was sold at an average price of $158.49, for a total transaction of $1,037,792.52. Following the transaction, the insider now owns 30,430 shares in the company, valued at $4,822,850.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William E. Jr. Waltz sold 43,072 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $160.48, for a total value of $6,912,194.56. Following the transaction, the chief executive officer now directly owns 83,716 shares in the company, valued at $13,434,743.68. The disclosure for this sale can be found here. Insiders sold a total of 148,464 shares of company stock worth $25,124,751 over the last ninety days. 2.56% of the stock is currently owned by company insiders.

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.