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

Chase Investment Counsel Corp increased its stake in Atkore Inc. (NYSE:ATKR) by 97.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,000 shares of the company’s stock after purchasing an additional 6,400 shares during the quarter. Chase Investment Counsel Corp’s holdings in Atkore were worth $1,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATKR. Hood River Capital Management LLC acquired a new position in shares of Atkore during the 1st quarter valued at $63,900,000. Allspring Global Investments Holdings LLC boosted its position in shares of Atkore by 26.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock valued at $104,599,000 after purchasing an additional 261,234 shares in the last quarter. Swedbank AB bought a new stake in shares of Atkore in the 1st quarter worth approximately $47,591,000. Marshall Wace LLP lifted its stake in Atkore by 1,047.5% during the second quarter. Marshall Wace LLP now owns 224,267 shares of the company’s stock valued at $30,260,000 after purchasing an additional 204,723 shares during the last quarter. Finally, Boston Trust Walden Corp bought a new position in shares of Atkore in the second quarter valued at $23,306,000.

Atkore Stock Performance

Shares of ATKR opened at $94.56 on Wednesday. The company has a market capitalization of $3.39 billion, a PE ratio of 6.64 and a beta of 2.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.26 and a quick ratio of 2.03. Atkore Inc. has a one year low of $80.11 and a one year high of $194.98. The company’s fifty day moving average price is $87.09 and its 200 day moving average price is $118.06.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. KeyCorp reduced their target price on Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, September 13th. B. Riley dropped their price target on Atkore from $183.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Loop Capital lowered their target price on Atkore from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Finally, Royal Bank of Canada lowered shares of Atkore from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $175.00 to $100.00 in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.60.

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.