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President and CEO of Actuant Corp Bob C. Arzbaecher Sold 98,390 Shares

July 16, 2013 | About:
alicet236

alicet236

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Actuant Corporation was incorporated in 1910 as a Wisconsin corporation. The company is divided into four divisions: Industrial, Energy, Electrical and Engineered Solutions. Energy sales and services are provided to customers in emerging markets, as well as in the North Sea, Middle East, South America, China, Asia, Gulf of Mexico and Canada. Actuant Corp has a market cap of $2.55 billion; its shares were traded at around $34.94 with a P/E ratio of 26.00 and P/S ratio of 1.70. The dividend yield of Actuant Corp stocks is 0.10%. Actuant Corp had an annual average earnings growth of 3.5% over the past 10 years.

President and CEO of Actuant Corp (ATU) Bob C. Arzbaecher sold 98,390 shares on July 15, 2013 at an average price of $35.3. The total transaction amount was $3,473,167.

Arzbaecher joined Actuant Corporation in 1992 as Corporate Controller. Since then he has progressed to various positions such as vice president, finance, of Tools and Supplies in 1993, chief financial officer in 1994, president and chief executive officer in 2000, and currently, chairman of the company. Before coming to Actuant, he held various financial positions in Grabill Aerospace, Farley Industries and Grant Throton.

President and CEO Bob C. Arzbaecher also sold 186,585 shares of ATU stock on March, April and July. CFO and Executive Vice President Andrew Lampereur and other officers or directors sold shares of ATU stock.

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GuruFocus Guru Richard Pzena kept his position in ATU unchanged or slightly adjusted and still owns 1,174,023 shares as of March 31, 2013. Joel Greenblatt, who owns 72,578 shares, reduced his position and decreased his number of shares by 23.94% since the previous quarter.

Actuant Corporation announced that revenues were $344.2 million and net loss was $92.98 million for their 2013 fiscal third quarter.


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