Cullinan Associates Has Decreased Paychex (PAYX) Position By $542,844; Last Week U.S. Concrete, Inc. (USCR) Analysts

April 24, 2018 - By Migdalia James

U.S. Concrete, Inc. (NASDAQ:USCR) Logo

Cullinan Associates Inc decreased Paychex Inc (PAYX) stake by 3.17% reported in 2017Q4 SEC filing. Cullinan Associates Inc sold 7,983 shares as Paychex Inc (PAYX)’s stock declined 12.35%. The Cullinan Associates Inc holds 244,105 shares with $16.62 million value, down from 252,088 last quarter. Paychex Inc now has $21.50 billion valuation. The stock decreased 0.81% or $0.49 during the last trading session, reaching $59.85. About 2.39 million shares traded or 1.74% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 24, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Among 7 analysts covering U.S. Concrete (NASDAQ:USCR), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. U.S. Concrete had 13 analyst reports since November 24, 2015 according to SRatingsIntel. SunTrust maintained it with “Buy” rating and $95.0 target in Thursday, October 26 report. DA Davidson initiated U.S. Concrete, Inc. (NASDAQ:USCR) on Thursday, June 9 with “Buy” rating. The company was maintained on Tuesday, September 26 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of USCR in report on Friday, November 3 with “Buy” rating. The rating was maintained by Stephens with “Buy” on Monday, March 5. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) has “Buy” rating given on Thursday, April 21 by BB&T Capital. The firm earned “Neutral” rating on Tuesday, December 15 by Citigroup. Sidoti downgraded the shares of USCR in report on Wednesday, April 20 to “Neutral” rating. The stock has “Buy” rating by Sidoti on Tuesday, November 24. Stifel Nicolaus maintained U.S. Concrete, Inc. (NASDAQ:USCR) rating on Tuesday, August 8. Stifel Nicolaus has “Buy” rating and $9800 target. See U.S. Concrete, Inc. (NASDAQ:USCR) latest ratings:

13/04/2018 Broker: Stephens Rating: Buy New Target: $78.0000 Maintain
05/03/2018 Broker: Stephens Rating: Buy New Target: $84.0 Maintain
02/03/2018 Broker: DA Davidson Rating: Buy New Target: $98.0
02/03/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $88.0 Maintain
03/11/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $98.0 Maintain
26/10/2017 Broker: SunTrust Rating: Buy New Target: $95.0 Maintain

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.10, from 1.02 in 2017Q3. It dropped, as 39 investors sold PAYX shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported. Buckingham Asset Limited Liability Corporation owns 4,373 shares. Alesco Advsr Lc stated it has 81,533 shares. Fairfield Bush And Company accumulated 9,600 shares or 0.18% of the stock. Swiss Financial Bank owns 0.14% invested in Paychex, Inc. (NASDAQ:PAYX) for 1.88M shares. Johnson Financial Gp reported 763 shares or 0.01% of all its holdings. Univest Of Pennsylvania reported 6,255 shares. 683,252 are held by Deutsche Comml Bank Ag. Motley Fool Wealth Mngmt Lc owns 27,928 shares. First Interstate National Bank owns 0.12% invested in Paychex, Inc. (NASDAQ:PAYX) for 8,227 shares. Seaward Mngmt Ltd Partnership holds 12,217 shares or 0.04% of its portfolio. Blair William And Company Il reported 452,703 shares. 35,175 were accumulated by Rodgers Brothers Inc. Invest House Limited Liability has 1.15% invested in Paychex, Inc. (NASDAQ:PAYX) for 138,509 shares. Pensionfund Dsm Netherlands has 0.49% invested in Paychex, Inc. (NASDAQ:PAYX). State Street has invested 0.07% in Paychex, Inc. (NASDAQ:PAYX).

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 1 Sell and 16 Hold. Therefore 6% are positive. Paychex has $73.0 highest and $44 lowest target. $62.08’s average target is 3.73% above currents $59.85 stock price. Paychex had 54 analyst reports since August 14, 2015 according to SRatingsIntel. Argus Research maintained the shares of PAYX in report on Thursday, December 24 with “Buy” rating. The firm has “Hold” rating given on Friday, September 4 by Zacks. RBC Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) rating on Monday, November 20. RBC Capital Markets has “Sell” rating and $59.0 target. Sterne Agee CRT initiated the shares of PAYX in report on Thursday, December 17 with “Neutral” rating. The stock has “Hold” rating by BMO Capital Markets on Monday, March 26. Citigroup maintained Paychex, Inc. (NASDAQ:PAYX) on Thursday, March 31 with “Sell” rating. As per Thursday, August 17, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets upgraded it to “Hold” rating and $6300 target in Monday, April 2 report. The rating was maintained by BMO Capital Markets on Friday, August 18 with “Hold”. Robert W. Baird maintained Paychex, Inc. (NASDAQ:PAYX) on Monday, March 26 with “Hold” rating.

Since January 4, 2018, it had 0 insider buys, and 3 selling transactions for $9.83 million activity. $6.78 million worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Gioja Michael E on Thursday, March 29. Vossler Jennifer R. sold $682,900 worth of stock or 10,000 shares.

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on June, 27. They expect $0.62 EPS, up 14.81% or $0.08 from last year’s $0.54 per share. PAYX’s profit will be $222.75 million for 24.13 P/E if the $0.62 EPS becomes a reality. After $0.63 actual EPS reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -1.59% negative EPS growth.

Cullinan Associates Inc increased Oracle Corp (NYSE:ORCL) stake by 17,195 shares to 216,915 valued at $10.26M in 2017Q4. It also upped Pnc Finl (NYSE:PNC) stake by 3,200 shares and now owns 31,580 shares. The Travelers Companies (NYSE:TRV) was raised too.

Since January 2, 2018, it had 0 insider purchases, and 14 selling transactions for $2.23 million activity. The insider Sutherland Colin McGill sold 130 shares worth $10,777. Kohutek Kevin also sold $20,938 worth of U.S. Concrete, Inc. (NASDAQ:USCR) shares. 9,000 shares were sold by SANDBROOK WILLIAM J, worth $741,401. Pruitt Ronnie A sold $41,575 worth of stock. 200 shares were sold by BEHRING DAVID ANDREW, worth $15,600. $70,000 worth of U.S. Concrete, Inc. (NASDAQ:USCR) shares were sold by Peabody Mark Baker.

The stock decreased 2.86% or $1.7 during the last trading session, reaching $57.65. About 407,772 shares traded or 11.76% up from the average. U.S. Concrete, Inc. (NASDAQ:USCR) has risen 1.66% since April 24, 2017 and is uptrending. It has underperformed by 9.89% the S&P500.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.45, from 1.43 in 2017Q3. It fall, as 30 investors sold U.S. Concrete, Inc. shares while 67 reduced holdings. 25 funds opened positions while 70 raised stakes. 18.51 million shares or 6.34% more from 17.41 million shares in 2017Q3 were reported. Sei Investments, Pennsylvania-based fund reported 116,247 shares. First Mercantile Tru reported 1,834 shares or 0.03% of all its holdings. Swiss Savings Bank reported 25,700 shares. Eulav Asset has 0.1% invested in U.S. Concrete, Inc. (NASDAQ:USCR) for 26,500 shares. Minnesota-based Ameriprise Fin has invested 0.01% in U.S. Concrete, Inc. (NASDAQ:USCR). Cubist Systematic Strategies Ltd Co reported 200 shares stake. The Massachusetts-based Eaton Vance has invested 0.03% in U.S. Concrete, Inc. (NASDAQ:USCR). 180 were accumulated by Northwestern Mutual Wealth. Teachers Ins And Annuity Association Of America has invested 0.04% in U.S. Concrete, Inc. (NASDAQ:USCR). Credit Suisse Ag holds 0% or 16,193 shares in its portfolio. New York State Teachers Retirement System holds 6,204 shares or 0% of its portfolio. Da Davidson And Co accumulated 5,918 shares or 0.01% of the stock. Ameritas Invest Prtn stated it has 0.01% of its portfolio in U.S. Concrete, Inc. (NASDAQ:USCR). Louisiana State Employees Retirement Systems, Louisiana-based fund reported 6,700 shares. Guggenheim Capital Lc holds 0.02% of its portfolio in U.S. Concrete, Inc. (NASDAQ:USCR) for 88,278 shares.

U.S. Concrete, Inc. (NASDAQ:USCR) Institutional Positions Chart

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