Atkore International Group Inc (ATKR) Holdings Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Atkore International Group Inc (NYSE:ATKR) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,010 shares of the company’s stock after acquiring an additional 5,997 shares during the quarter. Public Employees Retirement System of Ohio owned 0.15% of Atkore International Group worth $1,815,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ATKR. Schwab Charles Investment Management Inc. grew its holdings in shares of Atkore International Group by 36.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 189,549 shares of the company’s stock worth $4,275,000 after purchasing an additional 50,720 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Atkore International Group by 196.6% during the second quarter. Rhumbline Advisers now owns 37,241 shares of the company’s stock worth $840,000 after purchasing an additional 24,683 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Atkore International Group by 300.6% during the second quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock worth $183,000 after purchasing an additional 6,108 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Atkore International Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 5,898 shares of the company’s stock valued at $133,000 after acquiring an additional 885 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Atkore International Group by 6.5% in the second quarter. Principal Financial Group Inc. now owns 582,145 shares of the company’s stock valued at $13,127,000 after acquiring an additional 35,526 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

In related news, VP Kevin P. Fitzpatrick sold 154,806 shares of Atkore International Group stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.13, for a total value of $3,425,856.78. Following the sale, the vice president now owns 58,223 shares of the company’s stock, valued at approximately $1,288,474.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Patrick Williamson sold 70,000 shares of Atkore International Group stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $20.79, for a total value of $1,455,300.00. Following the completion of the sale, the insider now directly owns 262,172 shares in the company, valued at approximately $5,450,555.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 501,751 shares of company stock worth $10,420,337. 51.00% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on ATKR shares. Royal Bank of Canada reiterated a “buy” rating and issued a $23.00 price target on shares of Atkore International Group in a report on Friday, October 13th. BidaskClub upgraded Atkore International Group from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Citigroup reiterated a “buy” rating and issued a $23.00 price target (up previously from $22.00) on shares of Atkore International Group in a report on Monday, October 9th. TheStreet upgraded Atkore International Group from a “d+” rating to a “c-” rating in a report on Wednesday, November 29th. Finally, Zacks Investment Research upgraded Atkore International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $23.00.

Atkore International Group Inc (NYSE:ATKR) opened at $21.73 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 1.44 and a debt-to-equity ratio of 1.58. Atkore International Group Inc has a 1-year low of $15.05 and a 1-year high of $27.30. The stock has a market capitalization of $1,380.00 and a PE ratio of 17.11.

Atkore International Group (NYSE:ATKR) last issued its earnings results on Wednesday, November 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $395.80 million for the quarter, compared to analysts’ expectations of $394.49 million. Atkore International Group had a return on equity of 26.22% and a net margin of 5.63%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. sell-side analysts expect that Atkore International Group Inc will post 1.47 EPS for the current year.

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About Atkore International Group

Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.

Institutional Ownership by Quarter for Atkore International Group (NYSE:ATKR)

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