Chicago Bridge & Iron (CBI) Holder Fairpointe Capital Has Raised Position; Martin Marietta Matls (MLM) Shares Rose While Renaissance Investment Group Increased Holding

February 15, 2018 - By wolcottdaily

Renaissance Investment Group Llc increased its stake in Martin Marietta Matls (MLM) by 19.04% based on its latest 2017Q3 regulatory filing with the SEC. Renaissance Investment Group Llc bought 2,053 shares as the company’s stock rose 4.98% with the market. The institutional investor held 12,833 shares of the basic industries company at the end of 2017Q3, valued at $2.65 million, up from 10,780 at the end of the previous reported quarter. Renaissance Investment Group Llc who had been investing in Martin Marietta Matls for a number of months, seems to be bullish on the $13.87B market cap company. The stock increased 2.28% or $4.92 during the last trading session, reaching $220.62. About 438,288 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since February 15, 2017 and is uptrending. It has outperformed by 6.79% the S&P500.

Fairpointe Capital Llc increased its stake in Chicago Bridge & Iron (CBI) by 24.6% based on its latest 2017Q3 regulatory filing with the SEC. Fairpointe Capital Llc bought 995,740 shares as the company’s stock declined 38.73% while stock markets rallied. The institutional investor held 5.04 million shares of the engineering & construction company at the end of 2017Q3, valued at $84.74 million, up from 4.05 million at the end of the previous reported quarter. Fairpointe Capital Llc who had been investing in Chicago Bridge & Iron for a number of months, seems to be bullish on the $1.85B market cap company. The stock decreased 1.41% or $0.26 during the last trading session, reaching $18.2. About 590,602 shares traded. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 42.76% since February 15, 2017 and is downtrending. It has underperformed by 59.46% the S&P500.

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.30, from 0.98 in 2017Q2. It is positive, as 40 investors sold MLM shares while 130 reduced holdings. 53 funds opened positions while 165 raised stakes. 59.73 million shares or 1.72% more from 58.73 million shares in 2017Q2 were reported. Atria Investments Ltd Liability Co reported 1,028 shares or 0.01% of all its holdings. Gulf Intl Commercial Bank (Uk) Limited reported 0.05% stake. Icon Advisers Company accumulated 24,690 shares. Palisade Mngmt Limited Com Nj accumulated 2,775 shares. Highlander Capital Mgmt Ltd Liability accumulated 600 shares. Blackrock accumulated 3.85M shares. Financial Bank Of Montreal Can has invested 0.02% in Martin Marietta Materials, Inc. (NYSE:MLM). Metropolitan Life Insur Ny reported 0.04% stake. Tributary Capital Ltd Liability Corporation has invested 0.17% in Martin Marietta Materials, Inc. (NYSE:MLM). Stephens Ar reported 10,924 shares stake. Bartlett And Lc holds 0.03% or 3,910 shares. Rhumbline Advisers accumulated 130,162 shares. Shell Asset Mngmt accumulated 7,282 shares. 745,864 were reported by Bancshares Of Ny Mellon Corp. State Of Alaska Department Of Revenue has invested 0.09% in Martin Marietta Materials, Inc. (NYSE:MLM).

Among 13 analysts covering Martin Marietta (NYSE:MLM), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Martin Marietta had 30 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by SunTrust given on Thursday, October 26. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Hold” rating by Stephens on Wednesday, January 3. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, October 11 report. Stifel Nicolaus maintained Martin Marietta Materials, Inc. (NYSE:MLM) rating on Wednesday, August 5. Stifel Nicolaus has “Buy” rating and $181 target. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) has “Buy” rating given on Wednesday, March 29 by Citigroup. The rating was upgraded by Suntrust Robinson to “Buy” on Wednesday, October 26. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, September 6. The rating was maintained by Bank of America with “Buy” on Thursday, August 6. On Friday, October 2 the stock rating was upgraded by Longbow to “Buy”. The firm has “Buy” rating given on Monday, October 9 by Citigroup.

Renaissance Investment Group Llc, which manages about $273.97M and $238.59 million US Long portfolio, decreased its stake in Disney (Walt) Co Com Stk (NYSE:DIS) by 4,122 shares to 51,699 shares, valued at $5.10 million in 2017Q3, according to the filing.

Fairpointe Capital Llc, which manages about $7.00 billion and $5.06 billion US Long portfolio, decreased its stake in Jabil Inc (NYSE:JBL) by 139,176 shares to 3.68 million shares, valued at $105.18 million in 2017Q3, according to the filing. It also reduced its holding in Borgwarner (NYSE:BWA) by 357,684 shares in the quarter, leaving it with 1.10 million shares, and cut its stake in Autoliv (NYSE:ALV).

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.18, from 0.9 in 2017Q2. It dived, as 71 investors sold CBI shares while 83 reduced holdings. 49 funds opened positions while 62 raised stakes. 66.18 million shares or 0.62% less from 66.59 million shares in 2017Q2 were reported. Jefferies Grp Ltd Liability Corporation has 0.04% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 388,452 shares. Citadel Advisors Lc holds 0.02% or 1.49M shares in its portfolio. Sfe Counsel owns 150,180 shares. Oppenheimer Asset Mgmt reported 33 shares or 0% of all its holdings. Barclays Pcl has 0% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Point72 Asset Mgmt LP invested 0.02% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Sigma Planning Corporation stated it has 25,356 shares or 0.04% of all its holdings. Carroll Assocs reported 4,494 shares. Arcadia Mgmt Mi owns 0.05% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 9,095 shares. Cibc reported 88,554 shares. Sii Investments Wi reported 0.04% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). California Pub Employees Retirement Sys has 0.01% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Parametric Port Assoc Ltd Co holds 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 36,053 shares. Focused Wealth Mngmt invested 0.01% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). 6.44M are held by Blackrock.

Among 17 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Chicago Bridge & Iron Company had 50 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, December 19 by DA Davidson. As per Tuesday, October 24, the company rating was maintained by Deutsche Bank. The firm earned “Hold” rating on Wednesday, August 26 by Zacks. The rating was maintained by UBS with “Neutral” on Wednesday, November 1. M Partners reinitiated Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Wednesday, June 29 with “Buy” rating. The firm has “Buy” rating given on Monday, May 16 by Johnson Rice. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Hold” rating by Robert W. Baird on Friday, October 20. The firm has “Neutral” rating given on Friday, November 3 by Credit Suisse. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Outperform” rating by Credit Suisse on Wednesday, October 28. The firm has “Neutral” rating given on Monday, July 24 by Credit Suisse.

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