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Should You Buy Actuant Corporation (ATU)?

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What’s more, it’s important to discuss the latest info about Actuant Corporation (NYSE:ATU).

Actuant Corporation (NYSE:ATU)

How have hedgies been trading Actuant Corporation (NYSE:ATU)?

Heading into Q3, a total of 14 of the hedge funds we track were long in this stock, a change of 8% from the first quarter. With hedgies’ sentiment swirling, there exists a few notable hedge fund managers who were upping their stakes significantly.

When using filings from the hedgies we track, Bares Capital Management, managed by Brian Bares, holds the most valuable position in Actuant Corporation (NYSE:ATU). Bares Capital Management has a $76.6 million position in the stock, comprising 7.5% of its 13F portfolio. On Bares Capital Management’s heels is Richard S. Pzena of Pzena Investment Management, with a $37.6 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Some other hedgies with similar optimism include Israel Englander’s Millennium Management, Steven Cohen’s SAC Capital Advisors and Ken Griffin’s Citadel Investment Group.

Now, certain money managers have jumped into Actuant Corporation (NYSE:ATU) headfirst. Bares Capital Management, managed by Brian Bares, initiated the biggest position in Actuant Corporation (NYSE:ATU). Bares Capital Management had 76.6 million invested in the company at the end of the quarter. Richard S. Pzena’s Pzena Investment Management also initiated a $37.6 million position during the quarter. The other funds with new positions in the stock are Israel Englander’s Millennium Management, Steven Cohen’s SAC Capital Advisors, and Ken Griffin’s Citadel Investment Group.

What have insiders been doing with Actuant Corporation (NYSE:ATU)?

Bullish insider trading is best served when the company we’re looking at has seen transactions within the past half-year. Over the latest six-month time period, Actuant Corporation (NYSE:ATU) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Actuant Corporation (NYSE:ATU). These stocks are Polypore International, Inc. (NYSE:PPO), ITT Corp (NYSE:ITT), Rexnord Corp (NYSE:RXN), Generac Holdings Inc. (NYSE:GNRC), and Zebra Technologies Corp. (NASDAQ:ZBRA). This group of stocks are the members of the diversified machinery industry and their market caps are closest to ATU’s market cap.

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