Several other research firms also recently commented on ATKR. UBS Group started coverage on Atkore International Group in a report on Tuesday, January 23rd. They set a hold rating and a $23.00 price objective for the company. Citigroup upped their price target on Atkore International Group from $26.00 to $28.00 and gave the stock a buy rating in a report on Wednesday, January 24th. BidaskClub upgraded Atkore International Group from a hold rating to a buy rating in a report on Saturday, October 21st. Finally, Zacks Investment Research upgraded Atkore International Group from a sell rating to a hold rating and set a $24.00 price target for the company in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $24.00.
Shares of Atkore International Group (ATKR) opened at $20.84 on Wednesday. The company has a market capitalization of $1,307.13, a P/E ratio of 14.78, a PEG ratio of 1.14 and a beta of 1.25. Atkore International Group has a 1-year low of $15.05 and a 1-year high of $27.06. The company has a current ratio of 2.45, a quick ratio of 1.39 and a debt-to-equity ratio of 1.36.
In related news, major shareholder Allied Holdings L.P. Cd&R sold 17,225,539 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $21.77, for a total transaction of $374,999,984.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Patrick Williamson sold 8,641 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $20.01, for a total value of $172,906.41. Following the sale, the insider now owns 174,196 shares of the company’s stock, valued at approximately $3,485,661.96. The disclosure for this sale can be found here. Insiders have sold 17,557,923 shares of company stock valued at $382,032,981 in the last quarter. 68.80% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Atkore International Group in the 4th quarter valued at $130,000. Koch Industries Inc. bought a new position in Atkore International Group in the 2nd quarter valued at $205,000. Dynamic Technology Lab Private Ltd bought a new position in Atkore International Group in the 3rd quarter valued at $237,000. Teacher Retirement System of Texas bought a new position in Atkore International Group in the 4th quarter valued at $237,000. Finally, Catalyst Capital Advisors LLC bought a new position in Atkore International Group in the 3rd quarter valued at $314,000. Hedge funds and other institutional investors own 96.59% of the company’s stock.
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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.
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