Actuant (ATU) Reaches $24.75 After 8.00% Down Move, Barr E S & Co Trimmed By $1.17 Million Its Schlumberger LTD (SLB) Holding

June 9, 2017 - By Hazel Jackson

The stock of Actuant Corporation (NYSE:ATU) is a huge mover today! About 277,204 shares traded. Actuant Corporation (NYSE:ATU) has risen 0.16% since June 9, 2016 and is uptrending. It has underperformed by 16.54% the S&P500.The move comes after 6 months negative chart setup for the $1.51 billion company. It was reported on Jun, 9 by Barchart.com. We have $22.77 PT which if reached, will make NYSE:ATU worth $120.80 million less.

Barr E S & Co decreased Schlumberger Ltd (SLB) stake by 4.27% reported in 2016Q4 SEC filing. Barr E S & Co sold 14,070 shares as Schlumberger Ltd (SLB)’s stock declined 11.04%. The Barr E S & Co holds 315,822 shares with $26.51 million value, down from 329,892 last quarter. Schlumberger Ltd now has $94.64 billion valuation. The stock rose 0.23% or $0.16 reaching $68.47. About 1.21 million shares traded. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since June 9, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.03, from 1.09 in 2016Q3. It dived, as 65 investors sold SLB shares while 567 reduced holdings. 118 funds opened positions while 550 raised stakes. 1.08 billion shares or 1.19% more from 1.07 billion shares in 2016Q3 were reported. Bainco Intl holds 0.71% of its portfolio in Schlumberger Limited. (NYSE:SLB) for 50,124 shares. Murphy Cap Management reported 45,569 shares. Wealthtrust Axiom Limited Company invested in 10,859 shares. Martin Invest Mgmt Ltd has invested 1.91% in Schlumberger Limited. (NYSE:SLB). Tokio Marine Asset holds 60,145 shares or 0.58% of its portfolio. First Retail Bank Of Omaha invested in 0.91% or 173,534 shares. Keybank Natl Association Oh has invested 0.41% in Schlumberger Limited. (NYSE:SLB). Mcf Advsr Ltd holds 702 shares or 0.01% of its portfolio. Lathrop Mgmt has 142,042 shares for 3.59% of their portfolio. Credit Agricole S A accumulated 2.03 million shares. 5,193 are held by Hollencrest Secs. Pnc Financial Group reported 4.11 million shares or 0.39% of all its holdings. Verition Fund Mngmt Limited Liability Com invested 0.06% in Schlumberger Limited. (NYSE:SLB). Ray Gerald L And Associates holds 30,660 shares or 0.37% of its portfolio. Ckw Financial Grp reported 0.05% of its portfolio in Schlumberger Limited. (NYSE:SLB).

Since December 12, 2016, it had 1 insider purchase, and 8 insider sales for $23.83 million activity. 5,000 shares were sold by SANDVOLD TORE I, worth $349,100. Kizilbash Imran sold $6.71M worth of stock. Martellozo Gerard also sold $424,132 worth of Schlumberger Limited. (NYSE:SLB) shares. On Wednesday, December 14 DANTON MARK sold $209,189 worth of Schlumberger Limited. (NYSE:SLB) or 2,430 shares. BELANI ASHOK also sold $3.98M worth of Schlumberger Limited. (NYSE:SLB) on Wednesday, December 21. $418,479 worth of Schlumberger Limited. (NYSE:SLB) was sold by Rowe Robert Scott on Wednesday, December 14. The insider CURRIE PETER L S bought $250,203.

Among 31 analysts covering Schlumberger Limited. (NYSE:SLB), 25 have Buy rating, 1 Sell and 5 Hold. Therefore 81% are positive. Schlumberger Limited. had 87 analyst reports since July 22, 2015 according to SRatingsIntel. On Wednesday, September 9 the stock rating was maintained by Macquarie Research with “Neutral”. Argus Research maintained Schlumberger Limited. (NYSE:SLB) rating on Thursday, August 27. Argus Research has “Buy” rating and $112 target. The firm earned “Buy” rating on Tuesday, March 29 by Citigroup. The rating was maintained by Oppenheimer on Thursday, October 1 with “Outperform”. The rating was maintained by Cowen & Co with “Outperform” on Wednesday, April 26. The firm has “Equal Weight” rating by Barclays Capital given on Monday, January 25. On Friday, February 19 the stock rating was initiated by DA Davidson with “Buy”. On Wednesday, March 23 the stock rating was maintained by Citigroup with “Buy”. The stock of Schlumberger Limited. (NYSE:SLB) has “Outperform” rating given on Monday, September 21 by FBR Capital. As per Tuesday, April 26, the company rating was maintained by Barclays Capital.

Analysts await Schlumberger Limited. (NYSE:SLB) to report earnings on July, 20. They expect $0.30 EPS, up 30.43% or $0.07 from last year’s $0.23 per share. SLB’s profit will be $414.66M for 57.06 P/E if the $0.30 EPS becomes a reality. After $0.25 actual EPS reported by Schlumberger Limited. for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.16, from 1.28 in 2016Q3. It dropped, as 25 investors sold Actuant Corporation shares while 51 reduced holdings. 33 funds opened positions while 52 raised stakes. 59.93 million shares or 1.53% less from 60.86 million shares in 2016Q3 were reported. Principal Financial Grp invested 0.01% in Actuant Corporation (NYSE:ATU). Morgan Stanley reported 408,765 shares. Great Lakes Advisors Limited Company accumulated 276,204 shares. Southeastern Asset Mngmt Tn holds 1.48% or 5.92M shares in its portfolio. Amalgamated Natl Bank reported 0.01% stake. Blackrock Invest Mngmt Ltd Limited Liability Company holds 0.01% in Actuant Corporation (NYSE:ATU) or 322,339 shares. Pinebridge Lp accumulated 0.04% or 52,238 shares. Capstone Investment Advsr Ltd Liability Company accumulated 26,423 shares or 0.02% of the stock. 6,453 are held by Kbc Nv. Barclays Public Ltd Company invested in 0% or 9,422 shares. Cooke & Bieler L P owns 0.13% invested in Actuant Corporation (NYSE:ATU) for 251,150 shares. Delaware-based Blackrock Advsr Lc has invested 0.01% in Actuant Corporation (NYSE:ATU). Wells Fargo And Mn reported 553,903 shares. 4.83 million were accumulated by Vanguard Grp Incorporated Incorporated. Fifth Third Bankshares reported 0% in Actuant Corporation (NYSE:ATU).

Among 15 analysts covering Actuant (NYSE:ATU), 5 have Buy rating, 1 Sell and 9 Hold. Therefore 33% are positive. Actuant had 23 analyst reports since August 26, 2015 according to SRatingsIntel. Gabelli downgraded Actuant Corporation (NYSE:ATU) on Tuesday, March 15 to “Hold” rating. Robert W. Baird upgraded it to “Outperform” rating and $30 target in Monday, November 14 report. The rating was upgraded by KeyBanc Capital Markets on Friday, March 10 to “Overweight”. The company was downgraded on Friday, October 7 by Wells Fargo. RBC Capital Markets maintained Actuant Corporation (NYSE:ATU) rating on Friday, March 24. RBC Capital Markets has “Hold” rating and $28 target. The stock has “Neutral” rating by SunTrust on Tuesday, March 8. As per Monday, October 24, the company rating was downgraded by Barclays Capital. The stock of Actuant Corporation (NYSE:ATU) earned “Neutral” rating by JP Morgan on Thursday, October 8. The firm earned “Sector Perform” rating on Friday, January 13 by RBC Capital Markets. The rating was initiated by BMO Capital Markets on Tuesday, April 5 with “Market Perform”.

Analysts await Actuant Corporation (NYSE:ATU) to report earnings on June, 28. They expect $0.40 earnings per share, 0.00% or $0.00 from last year’s $0.4 per share. ATU’s profit will be $24.40M for 15.47 P/E if the $0.40 EPS becomes a reality. After $0.11 actual earnings per share reported by Actuant Corporation for the previous quarter, Wall Street now forecasts 263.64% EPS growth.