GSA Capital Partners LLP Has $1.24 Million Stock Holdings in Atkore Inc. (NYSE:ATKR)

GSA Capital Partners LLP grew its holdings in Atkore Inc. (NYSE:ATKR) by 126.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,508 shares of the company’s stock after buying an additional 3,630 shares during the quarter. GSA Capital Partners LLP’s holdings in Atkore were worth $1,239,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ATKR. ICA Group Wealth Management LLC acquired a new position in shares of Atkore in the 4th quarter valued at $25,000. GAMMA Investing LLC acquired a new position in shares of Atkore in the 4th quarter valued at $26,000. Anchor Investment Management LLC acquired a new position in shares of Atkore in the 4th quarter valued at $32,000. LifeSteps Financial Inc. acquired a new position in shares of Atkore in the 1st quarter valued at $33,000. Finally, Global Retirement Partners LLC increased its position in shares of Atkore by 405.1% during the 1st quarter. Global Retirement Partners LLC now owns 197 shares of the company’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter.

Insider Activity

In related news, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $157.67, for a total value of $78,835.00. Following the sale, the insider now directly owns 28,586 shares in the company, valued at $4,507,154.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $157.67, for a total value of $78,835.00. Following the completion of the sale, the insider now owns 28,586 shares of the company’s stock, valued at approximately $4,507,154.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Wilbert W. James, Jr. sold 599 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $153.23, for a total value of $91,784.77. Following the transaction, the director now owns 15,695 shares in the company, valued at $2,404,944.85. The disclosure for this sale can be found here. 2.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Atkore in a research report on Wednesday. They set an “overweight” rating and a $175.00 target price for the company. StockNews.com cut shares of Atkore from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Citigroup dropped their target price on shares of Atkore from $200.00 to $188.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $187.00 target price on shares of Atkore in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Atkore currently has an average rating of “Moderate Buy” and a consensus target price of $184.00.

Atkore Stock Up 5.5 %

Shares of NYSE ATKR traded up $7.19 during midday trading on Wednesday, reaching $137.07. The company’s stock had a trading volume of 238,443 shares, compared to its average volume of 510,860. The company has a current ratio of 3.09, a quick ratio of 1.98 and a debt-to-equity ratio of 0.49. Atkore Inc. has a fifty-two week low of $121.00 and a fifty-two week high of $194.98. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 8.55 and a beta of 2.15. The stock has a 50 day simple moving average of $147.36 and a 200-day simple moving average of $158.41.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Monday, May 6th. The company reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.86. The firm had revenue of $792.90 million during the quarter, compared to analysts’ expectations of $808.22 million. Atkore had a net margin of 18.30% and a return on equity of 43.19%. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.31 earnings per share. Equities research analysts predict that Atkore Inc. will post 14.93 earnings per share for the current year.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Monday, May 20th. Atkore’s payout ratio is 7.98%.

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.