As Valero Energy (VLO) Shares Rose, Shareholder Laffer Investments Has Lowered Stake by $106.25 Million; Copeland Capital Management Holds Position in Cognex (CGNX)

May 18, 2018 - By Hazel Jackson

Valero Energy Corporation (NYSE:VLO) Logo

Laffer Investments decreased its stake in Valero Energy Corp (VLO) by 3% based on its latest 2017Q4 regulatory filing with the SEC. Laffer Investments sold 1,156 shares as the company’s stock rose 1.25% while stock markets declined. The institutional investor held 37,322 shares of the integrated oil company at the end of 2017Q4, valued at $3.43B, down from 38,478 at the end of the previous reported quarter. Laffer Investments who had been investing in Valero Energy Corp for a number of months, seems to be less bullish one the $51.59 billion market cap company. The stock increased 4.10% or $4.72 during the last trading session, reaching $119.71. About 5.89M shares traded or 66.63% up from the average. Valero Energy Corporation (NYSE:VLO) has risen 39.32% since May 18, 2017 and is uptrending. It has outperformed by 27.77% the S&P500.

Copeland Capital Management Llc increased its stake in Cognex Corporation (CGNX) by 41.76% based on its latest 2017Q4 regulatory filing with the SEC. Copeland Capital Management Llc bought 12,532 shares as the company’s stock declined 13.83% with the market. The institutional investor held 42,542 shares of the industrial machinery and components company at the end of 2017Q4, valued at $2.60M, up from 30,010 at the end of the previous reported quarter. Copeland Capital Management Llc who had been investing in Cognex Corporation for a number of months, seems to be bullish on the $8.09B market cap company. The stock decreased 3.04% or $1.47 during the last trading session, reaching $46.76. About 1.42M shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since May 18, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

Since March 12, 2018, it had 0 insider purchases, and 1 sale for $564,892 activity.

More notable recent Cognex Corporation (NASDAQ:CGNX) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/01: (INGN) (KPTI) (NTRI) Higher; (IVAC) (CGNX) (KLXI) Lower (more…)” on May 01, 2018, also Investorplace.com with their article: “3 Stocks to Watch on Tuesday: Cognex Corporation (CGNX), Tenet Healthcare Corp (THC) and Tesla Inc (TSLA)” published on May 01, 2018, Seekingalpha.com published: “Will Cognex Stock Keep Falling?” on May 09, 2018. More interesting news about Cognex Corporation (NASDAQ:CGNX) were released by: Nasdaq.com and their article: “Factors of Influence in 2018, Key Indicators and Opportunity within Cognex, MRC Global, Fulton Financial, Synovus …” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “Cognex Corporation’s (CGNX) CEO Robert Willett on Q1 2018 Results – Earnings Call Transcript” with publication date: May 01, 2018.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 9 have Buy rating, 3 Sell and 7 Hold. Therefore 47% are positive. Cognex Corporation had 47 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Friday, April 1. The firm earned “Market Perform” rating on Friday, March 11 by Raymond James. The firm earned “Hold” rating on Tuesday, April 10 by Goldman Sachs. As per Tuesday, November 3, the company rating was maintained by Canaccord Genuity. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, February 15 report. On Wednesday, August 2 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Buy” rating by Daiwa Securities on Friday, December 8. FBR Capital initiated it with “Market Perform” rating and $42 target in Wednesday, May 11 report. As per Tuesday, August 2, the company rating was maintained by Canaccord Genuity. Needham maintained the shares of CGNX in report on Tuesday, August 4 with “Buy” rating.

Investors sentiment increased to 6.53 in 2017 Q4. Its up 5.48, from 1.05 in 2017Q3. It increased, as 32 investors sold CGNX shares while 21 reduced holdings. 84 funds opened positions while 262 raised stakes. 268.44 million shares or 268.52% more from 72.84 million shares in 2017Q3 were reported. New York-based Stone Ridge Asset Mngmt Ltd Co has invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Scout holds 0.16% in Cognex Corporation (NASDAQ:CGNX) or 104,393 shares. Federated Pa accumulated 833,354 shares or 0.14% of the stock. Moreover, Stifel has 0.01% invested in Cognex Corporation (NASDAQ:CGNX) for 40,531 shares. Wealthtrust has 1,200 shares for 0.04% of their portfolio. Winslow Evans & Crocker Inc has 6,968 shares. Stratos Wealth Prtnrs Limited has 1,452 shares. Polar Cap Llp has invested 0.32% in Cognex Corporation (NASDAQ:CGNX). Dimensional Fund Advsr Limited Partnership owns 0.02% invested in Cognex Corporation (NASDAQ:CGNX) for 776,001 shares. Fifth Third Retail Bank accumulated 268 shares. 200 are owned by Atlantic Tru Group Inc Ltd Co. Usa Portformulas Corp has 7,012 shares for 0.1% of their portfolio. Atria Invs Ltd Com holds 0.02% or 7,648 shares in its portfolio. Rocky Mountain Advisers Ltd Company accumulated 60 shares. Smithfield reported 1,100 shares or 0.01% of all its holdings.

Copeland Capital Management Llc, which manages about $1.04 billion and $1.58 billion US Long portfolio, decreased its stake in Disney Walt (NYSE:DIS) by 7,748 shares to 33,414 shares, valued at $3.59M in 2017Q4, according to the filing. It also reduced its holding in Visa (NYSE:V) by 11,900 shares in the quarter, leaving it with 73,109 shares, and cut its stake in Ritchie Bros Auctioneers (NYSE:RBA).

Laffer Investments, which manages about $614.32M and $399.05B US Long portfolio, upped its stake in Old Republic Intl Corp by 9 shares to 1,810 shares, valued at $2.55 billion in 2017Q4, according to the filing. It also increased its holding in Citrix Inc by 17 shares in the quarter, for a total of 1,544 shares, and has risen its stake in Ares Capital Corp.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.02, from 1 in 2017Q3. It is negative, as 51 investors sold VLO shares while 327 reduced holdings. 108 funds opened positions while 261 raised stakes. 331.76 million shares or 3.27% less from 342.98 million shares in 2017Q3 were reported. Exane Derivatives holds 0.17% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 10,738 shares. Moreover, X Mngmt Lc has 0.02% invested in Valero Energy Corporation (NYSE:VLO). Kwmg Ltd Liability Com holds 27,449 shares. Natl Bank Of Montreal Can invested in 3.20 million shares or 0.26% of the stock. Burke Herbert Commercial Bank Trust reported 0.34% in Valero Energy Corporation (NYSE:VLO). Churchill Management holds 0.46% in Valero Energy Corporation (NYSE:VLO) or 226,210 shares. Keybank Association Oh, Ohio-based fund reported 5,747 shares. Tdam Usa Incorporated holds 0.02% or 4,103 shares. Fny Managed Accounts Ltd Limited Liability Company owns 69 shares. Sandy Spring Comml Bank has invested 0.02% in Valero Energy Corporation (NYSE:VLO). Pggm Investments invested in 0.27% or 532,400 shares. Alpha Cubed Ltd Llc reported 2,189 shares. Private Na invested 0.07% of its portfolio in Valero Energy Corporation (NYSE:VLO). Neuberger Berman Gru Inc Ltd Liability owns 88,767 shares or 0.01% of their US portfolio. Pacad Investment holds 11,000 shares or 0.23% of its portfolio.

More notable recent Valero Energy Corporation (NYSE:VLO) news were published by: Bizjournals.com which released: “Valero changing its look at the gas pump” on April 19, 2018, also Globenewswire.com with their article: “Valero Acquires Pure Biofuels del Peru” published on May 14, 2018, Benzinga.com published: “Morgan Stanley Upgrades Refining Sector, Names Valero A Top Pick” on May 17, 2018. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Globenewswire.com and their article: “Valero Energy Corporation Will Attend The Redburn Toronto Conference” published on May 03, 2018 as well as Bizjournals.com‘s news article titled: “Fire at Valero’s Texas City refinery remains under investigation” with publication date: April 20, 2018.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on July, 26. They expect $2.28 earnings per share, up 85.37% or $1.05 from last year’s $1.23 per share. VLO’s profit will be $982.51M for 13.13 P/E if the $2.28 EPS becomes a reality. After $1.00 actual earnings per share reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts 128.00% EPS growth.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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