Atkore Inc. (NYSE:ATKR) Shares Acquired by Chase Investment Counsel Corp

Chase Investment Counsel Corp raised its stake in Atkore Inc. (NYSE:ATKR) by 97.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,000 shares of the company’s stock after buying an additional 6,400 shares during the period. Chase Investment Counsel Corp’s holdings in Atkore were worth $1,101,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ATKR. Quarry LP acquired a new position in Atkore during the second quarter worth $57,000. Mather Group LLC. boosted its position in shares of Atkore by 895.7% in the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after buying an additional 421 shares in the last quarter. Signaturefd LLC grew its stake in Atkore by 445.6% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $42,000 after acquiring an additional 401 shares during the last quarter. Headlands Technologies LLC raised its position in Atkore by 829.9% during the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock worth $122,000 after acquiring an additional 805 shares during the last quarter. Finally, Covestor Ltd raised its position in Atkore by 63.7% during the third quarter. Covestor Ltd now owns 1,002 shares of the company’s stock worth $85,000 after acquiring an additional 390 shares during the last quarter.

Wall Street Analyst Weigh In

ATKR has been the subject of a number of recent research reports. KeyCorp dropped their price objective on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Royal Bank of Canada downgraded Atkore from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $175.00 to $100.00 in a report on Wednesday, August 7th. B. Riley dropped their target price on Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Loop Capital dropped their price objective on shares of Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.60.

Atkore Stock Performance

Shares of NYSE ATKR opened at $94.56 on Wednesday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 6.64 and a beta of 2.13. The firm’s 50-day moving average price is $87.09 and its two-hundred day moving average price is $118.06. Atkore Inc. has a 52-week low of $80.11 and a 52-week high of $194.98. The company has a quick ratio of 2.03, a current ratio of 3.26 and a debt-to-equity ratio of 0.49.

Atkore Profile

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.