Raymond James & Associates Purchases 12,259 Shares of Atkore Inc. (NYSE:ATKR)

Raymond James & Associates lifted its stake in shares of Atkore Inc. (NYSE:ATKRGet Rating) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,115 shares of the company’s stock after acquiring an additional 12,259 shares during the quarter. Raymond James & Associates owned approximately 0.29% of Atkore worth $9,346,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ATKR. Lindbrook Capital LLC boosted its stake in Atkore by 3,577.8% in the second quarter. Lindbrook Capital LLC now owns 331 shares of the company’s stock valued at $27,000 after acquiring an additional 322 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Atkore by 85.6% during the second quarter. Captrust Financial Advisors now owns 607 shares of the company’s stock worth $50,000 after buying an additional 280 shares during the period. US Bancorp DE lifted its stake in shares of Atkore by 22.7% during the second quarter. US Bancorp DE now owns 913 shares of the company’s stock worth $75,000 after buying an additional 169 shares during the period. Amundi lifted its stake in shares of Atkore by 61.7% during the second quarter. Amundi now owns 1,145 shares of the company’s stock worth $94,000 after buying an additional 437 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of Atkore during the second quarter worth $107,000.

Insider Transactions at Atkore

In related news, VP Daniel S. Kelly sold 2,343 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $122.57, for a total transaction of $287,181.51. Following the completion of the sale, the vice president now owns 35,763 shares of the company’s stock, valued at approximately $4,383,470.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Daniel S. Kelly sold 2,343 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $122.57, for a total transaction of $287,181.51. Following the completion of the sale, the vice president now owns 35,763 shares of the company’s stock, valued at approximately $4,383,470.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark F. Lamps sold 433 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $118.40, for a total transaction of $51,267.20. Following the completion of the sale, the insider now directly owns 26,179 shares of the company’s stock, valued at approximately $3,099,593.60. The disclosure for this sale can be found here. Insiders sold 2,876 shares of company stock valued at $350,699 over the last 90 days. Corporate insiders own 2.11% of the company’s stock.

Atkore Trading Up 1.2 %

Shares of Atkore stock opened at $124.36 on Friday. The firm has a 50-day simple moving average of $114.54 and a two-hundred day simple moving average of $96.72. The company has a market cap of $4.96 billion, a P/E ratio of 6.12 and a beta of 2.24. Atkore Inc. has a fifty-two week low of $70.50 and a fifty-two week high of $128.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.99 and a current ratio of 2.89.

Analyst Ratings Changes

ATKR has been the subject of a number of research reports. Royal Bank of Canada boosted their target price on shares of Atkore from $110.00 to $136.00 and gave the company an “outperform” rating in a research report on Monday, November 21st. Citigroup boosted their target price on shares of Atkore from $117.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, December 9th. StockNews.com initiated coverage on shares of Atkore in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Loop Capital initiated coverage on shares of Atkore in a research report on Tuesday, October 18th. They set a “buy” rating and a $110.00 target price for the company. Finally, B. Riley started coverage on shares of Atkore in a research report on Tuesday, December 13th. They set a “buy” rating and a $146.00 target price for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

Atkore Company Profile

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Atkore Inc engages in the manufacture and sale of electrical, safety, and infrastructure products in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management.

Further Reading

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Institutional Ownership by Quarter for Atkore (NYSE:ATKR)

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