Atkore Inc. (NYSE:ATKR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in Atkore Inc. (NYSE:ATKR – Get Rating) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,952 shares of the company’s stock after selling 3,331 shares during the period. Russell Investments Group Ltd. owned 0.13% of Atkore worth $5,779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ATKR. HBK Sorce Advisory LLC acquired a new stake in Atkore in the 3rd quarter worth approximately $26,000. Captrust Financial Advisors boosted its stake in Atkore by 85.6% in the 2nd quarter. Captrust Financial Advisors now owns 607 shares of the company’s stock worth $50,000 after purchasing an additional 280 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Atkore by 169.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 780 shares of the company’s stock worth $60,000 after purchasing an additional 491 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in Atkore by 183.8% in the 4th quarter. Ronald Blue Trust Inc. now owns 908 shares of the company’s stock worth $70,000 after purchasing an additional 588 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Atkore by 9.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,409 shares of the company’s stock worth $110,000 after purchasing an additional 126 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have commented on ATKR shares. Royal Bank of Canada lifted their price objective on shares of Atkore from $139.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd. Loop Capital lifted their price objective on shares of Atkore from $150.00 to $170.00 in a research note on Thursday, February 2nd. Citigroup lifted their price objective on shares of Atkore from $135.00 to $156.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. B. Riley lifted their price objective on shares of Atkore from $146.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Finally, StockNews.com started coverage on shares of Atkore in a research note on Thursday, March 16th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.40.

Atkore Price Performance

NYSE:ATKR opened at $122.52 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.96 and a quick ratio of 1.96. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 6.31 and a beta of 2.18. The company has a 50 day moving average price of $131.54 and a 200-day moving average price of $125.89. Atkore Inc. has a 1-year low of $70.50 and a 1-year high of $154.86.

Insider Activity

In other news, insider John W. Pregenzer sold 4,754 shares of Atkore stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $150.00, for a total transaction of $713,100.00. Following the completion of the transaction, the insider now directly owns 26,297 shares of the company’s stock, valued at approximately $3,944,550. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider John W. Pregenzer sold 4,754 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $150.00, for a total value of $713,100.00. Following the completion of the sale, the insider now owns 26,297 shares of the company’s stock, valued at approximately $3,944,550. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David Paul Johnson sold 10,000 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $149.79, for a total transaction of $1,497,900.00. Following the completion of the sale, the chief financial officer now directly owns 30,114 shares of the company’s stock, valued at approximately $4,510,776.06. The disclosure for this sale can be found here. Insiders own 2.11% of the company’s stock.

Atkore Profile

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Atkore, Inc engages in the manufacture of electrical raceway products. It operates through the Electrical, and Safety and Infrastructure segments. The Electrical segment produces products used in the construction of electrical power systems such as conduit, cable, and installation accessories. The Safety and Infrastructure segment designs and creates solutions including metal framing, mechanical pipe, perimeter security, and cable management for the protection and reliability of critical infrastructure.