Atkore Inc. (NYSE:ATKR) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Atkore Inc. (NYSE:ATKR) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 564,384 shares of the company’s stock after purchasing an additional 19,876 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 1.52% of Atkore worth $90,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Cornercap Investment Counsel Inc. increased its stake in shares of Atkore by 1.3% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 5,017 shares of the company’s stock valued at $803,000 after acquiring an additional 63 shares during the period. Vontobel Holding Ltd. boosted its stake in Atkore by 13.6% in the 4th quarter. Vontobel Holding Ltd. now owns 23,819 shares of the company’s stock worth $3,811,000 after purchasing an additional 2,849 shares during the period. Phocas Financial Corp. boosted its stake in Atkore by 2.1% in the 4th quarter. Phocas Financial Corp. now owns 74,373 shares of the company’s stock worth $11,900,000 after purchasing an additional 1,527 shares during the period. Cerity Partners LLC boosted its stake in Atkore by 28.9% in the 4th quarter. Cerity Partners LLC now owns 6,015 shares of the company’s stock worth $962,000 after purchasing an additional 1,347 shares during the period. Finally, Moody Aldrich Partners LLC boosted its stake in Atkore by 22.8% in the 4th quarter. Moody Aldrich Partners LLC now owns 32,113 shares of the company’s stock worth $5,138,000 after purchasing an additional 5,957 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Atkore from $176.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada reissued an “outperform” rating and set a $187.00 target price on shares of Atkore in a research note on Friday, March 22nd. Finally, StockNews.com raised shares of Atkore from a “hold” rating to a “buy” rating in a research note on Friday, April 5th.

Insider Activity

In other news, CEO William E. Jr. Waltz sold 43,072 shares of Atkore stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the sale, the chief executive officer now directly owns 83,716 shares in the company, valued at approximately $13,434,743.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Atkore news, CEO William E. Jr. Waltz sold 43,072 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Justin A. Kershaw sold 1,099 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $171.77, for a total transaction of $188,775.23. Following the completion of the transaction, the director now owns 16,686 shares in the company, valued at $2,866,154.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,464 shares of company stock worth $25,124,751. Corporate insiders own 2.56% of the company’s stock.

Atkore Stock Performance

ATKR traded down $3.57 during trading on Tuesday, hitting $172.29. The stock had a trading volume of 461,880 shares, compared to its average volume of 455,624. The firm has a market cap of $6.34 billion, a PE ratio of 10.40 and a beta of 2.19. Atkore Inc. has a 12 month low of $116.14 and a 12 month high of $194.98. The company has a current ratio of 2.96, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $168.19 and a 200-day simple moving average of $151.56.

Atkore (NYSE:ATKR) last posted its quarterly earnings data on Thursday, February 1st. The company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $1.04. Atkore had a net margin of 18.80% and a return on equity of 46.79%. The company had revenue of $798.50 million for the quarter, compared to the consensus estimate of $777.05 million. During the same quarter in the previous year, the firm posted $4.51 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. Analysts expect that Atkore Inc. will post 15.06 EPS for the current year.

Atkore Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $1.28 annualized dividend and a dividend yield of 0.74%. Atkore’s payout ratio is 7.67%.

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.