President and CEO of Actuant Corp (NYSE: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.
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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