As Air Lease (TEVA) Share Price Declined, Polaris Capital Management Has Trimmed Holding by $188.32 Million; Vulcan Materials Co (VMC) Holder Estabrook Capital Management Has Increased Its Position by $4.36 Million

April 19, 2018 - By Maria Brooks

Teva Pharmaceutical Industries Limited (NYSE:TEVA) Logo

Estabrook Capital Management increased its stake in Vulcan Materials Co (VMC) by 0.8% based on its latest 2017Q4 regulatory filing with the SEC. Estabrook Capital Management bought 34 shares as the company’s stock declined 7.65% with the market. The institutional investor held 4,297 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q4, valued at $551.61M, up from 4,263 at the end of the previous reported quarter. Estabrook Capital Management who had been investing in Vulcan Materials Co for a number of months, seems to be bullish on the $15.24B market cap company. The stock decreased 2.70% or $3.2 during the last trading session, reaching $115.18. About 267,069 shares traded. Vulcan Materials Company (NYSE:VMC) has risen 1.98% since April 19, 2017 and is uptrending. It has underperformed by 9.57% the S&P500.

Bernard Horn decreased its stake in Air Lease Corp (TEVA) by 98.39% based on its latest 2017Q4 regulatory filing with the SEC. Polaris Capital Management Llc sold 3.92 million shares as the company’s stock declined 11.04% with the market. The hedge fund run by Bernard Horn held 64,000 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $3.08 million, down from 3.99M at the end of the previous reported quarter. Polaris Capital Management Llc who had been investing in Air Lease Corp for a number of months, seems to be less bullish one the $17.64 billion market cap company. The stock decreased 3.18% or $0.5701 during the last trading session, reaching $17.3499. About 2.92M shares traded. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 49.50% since April 19, 2017 and is downtrending. It has underperformed by 61.05% the S&P500.

Estabrook Capital Management, which manages about $1.18 billion and $662.80B US Long portfolio, decreased its stake in J.P. Morgan Chase & Co (NYSE:JPM) by 22,441 shares to 311,095 shares, valued at $33.27 billion in 2017Q4, according to the filing. It also reduced its holding in Mallinckrodt Pub Ltd Co Shs (NYSE:MNK) by 3,346 shares in the quarter, leaving it with 2,500 shares, and cut its stake in Factset Resh Sys Inc Com (NYSE:FDS).

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.19, from 1.06 in 2017Q3. It increased, as 35 investors sold VMC shares while 152 reduced holdings. 65 funds opened positions while 168 raised stakes. 118.61 million shares or 2.84% more from 115.33 million shares in 2017Q3 were reported. Stifel Fin Corp has invested 0.02% of its portfolio in Vulcan Materials Company (NYSE:VMC). Webster Bankshares N A has invested 0.39% of its portfolio in Vulcan Materials Company (NYSE:VMC). Aviva Public Lc holds 0.05% of its portfolio in Vulcan Materials Company (NYSE:VMC) for 73,449 shares. Kentucky Retirement Systems Insur Trust Fund has 3,513 shares. Blackrock Inc, New York-based fund reported 10.39M shares. Geode Mgmt Limited Liability Company has 1.34M shares. Efg Asset Mngmt (Americas) reported 14,171 shares stake. Hanson & Doremus Inv Management holds 0.01% in Vulcan Materials Company (NYSE:VMC) or 300 shares. Point72 Asset Mngmt Limited Partnership accumulated 1.67M shares. Marsico Mgmt Ltd holds 0.21% in Vulcan Materials Company (NYSE:VMC) or 40,483 shares. Innovations Llc owns 3,035 shares. Ww Asset invested 0.05% in Vulcan Materials Company (NYSE:VMC). Creative Planning invested in 0% or 2,094 shares. Appleton Prtnrs Ma owns 34,057 shares. The Korea-based Korea Invest Corporation has invested 0% in Vulcan Materials Company (NYSE:VMC).

Among 14 analysts covering Vulcan Materials Company (NYSE:VMC), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Vulcan Materials Company had 41 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Friday, February 16. The firm earned “Outperform” rating on Wednesday, August 5 by RBC Capital Markets. The firm earned “Neutral” rating on Wednesday, November 16 by Bank of America. The rating was maintained by RBC Capital Markets on Monday, August 28 with “Buy”. Jefferies initiated the shares of VMC in report on Wednesday, October 11 with “Hold” rating. The stock of Vulcan Materials Company (NYSE:VMC) earned “Buy” rating by Citigroup on Monday, October 9. The company was maintained on Monday, February 5 by Bank of America. The stock has “Buy” rating by Stifel Nicolaus on Monday, May 16. As per Tuesday, September 26, the company rating was maintained by Stifel Nicolaus. Jefferies maintained the shares of VMC in report on Wednesday, January 17 with “Hold” rating.

Polaris Capital Management Llc, which manages about $4.42 billion and $2.14 billion US Long portfolio, upped its stake in Central Pacific Financial Co (NASDAQ:CATM) by 37,700 shares to 83,883 shares, valued at $2.50M in 2017Q4, according to the filing. It also increased its holding in Marathon Petroleum Corp (NASDAQ:MEOH) by 697,182 shares in the quarter, for a total of 699,482 shares, and has risen its stake in Hercules Capital Inc. (NYSE:GBX).

Vulcan Materials Company (NYSE:VMC) Institutional Positions Chart

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