Deprince Race & Zollo Trimmed Its Carpenter Technology (CRS) Position; Third Point Lowered By $320.00 Million Its Baxter Intl (BAX) Position

April 24, 2018 - By Dolores Ford

Carpenter Technology Corporation (NYSE:CRS) Logo

Third Point Llc decreased Baxter Intl Inc (BAX) stake by 12.2% reported in 2017Q4 SEC filing. Third Point Llc sold 5.00 million shares as Baxter Intl Inc (BAX)’s stock rose 0.23%. The Third Point Llc holds 36.00 million shares with $2.33B value, down from 41.00 million last quarter. Baxter Intl Inc now has $36.13B valuation. The stock increased 0.19% or $0.13 during the last trading session, reaching $67.18. About 2.82 million shares traded. Baxter International Inc. (NYSE:BAX) has risen 25.16% since April 24, 2017 and is uptrending. It has outperformed by 13.61% the S&P500.

Deprince Race & Zollo Inc decreased Carpenter Technology Corp (CRS) stake by 73.4% reported in 2017Q4 SEC filing. Deprince Race & Zollo Inc sold 575,375 shares as Carpenter Technology Corp (CRS)’s stock declined 16.02%. The Deprince Race & Zollo Inc holds 208,561 shares with $10.64 million value, down from 783,936 last quarter. Carpenter Technology Corp now has $2.39B valuation. The stock decreased 0.33% or $0.17 during the last trading session, reaching $50.98. About 516,567 shares traded or 13.57% up from the average. Carpenter Technology Corporation (NYSE:CRS) has risen 19.91% since April 24, 2017 and is uptrending. It has outperformed by 8.36% the S&P500.

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on April, 26 before the open. They expect $0.62 EPS, up 6.90% or $0.04 from last year’s $0.58 per share. BAX’s profit will be $333.44M for 27.09 P/E if the $0.62 EPS becomes a reality. After $0.64 actual EPS reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

Since March 2, 2018, it had 0 insider purchases, and 5 insider sales for $5.13 million activity. STORM KORNELIS J. sold $3.10M worth of Baxter International Inc. (NYSE:BAX) on Wednesday, March 28. Shapazian Carole J also sold $329,590 worth of Baxter International Inc. (NYSE:BAX) on Friday, March 2. On Monday, April 2 the insider HELLMAN PETER S sold $243,408. The insider STROUCKEN ALBERT P L sold 3,760 shares worth $243,443. Another trade for 18,750 shares valued at $1.21M was sold by GAVIN JAMES R III.

Investors sentiment is 0.97 in Q4 2017. Its the same as in 2017Q3. It has no change, as 32 investors sold BAX shares while 311 reduced holdings. only 81 funds opened positions while 250 raised stakes. 441.20 million shares or 0.32% more from 439.80 million shares in 2017Q3 were reported. Globeflex Ltd Partnership has invested 0.07% in Baxter International Inc. (NYSE:BAX). Navellier And Associate reported 74,222 shares or 0.9% of all its holdings. Moreover, Stone Ridge Asset Management Limited Liability Company has 0.04% invested in Baxter International Inc. (NYSE:BAX) for 8,408 shares. Moreover, Brown Brothers Harriman And has 0.01% invested in Baxter International Inc. (NYSE:BAX) for 38,080 shares. Alpha Windward Ltd Liability Corp holds 4,584 shares. Connors Investor has 0.04% invested in Baxter International Inc. (NYSE:BAX) for 4,192 shares. Maverick Ltd holds 0.09% of its portfolio in Baxter International Inc. (NYSE:BAX) for 108,210 shares. 28,234 were reported by Markston Lc. Marathon Asset Management Llp holds 0.55% or 555,385 shares. Raymond James Inc has invested 0.04% in Baxter International Inc. (NYSE:BAX). Wg Shaheen & Associate Dba Whitney & holds 0.08% or 4,500 shares. The Massachusetts-based Redwood Invs Ltd Llc has invested 0.58% in Baxter International Inc. (NYSE:BAX). Thompson Siegel Walmsley Lc holds 7,841 shares. 51,150 are held by Bradley Foster And Sargent Ct. Ferguson Wellman owns 19,263 shares.

Among 20 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Baxter International had 56 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Friday, September 1 report. Morgan Stanley maintained Baxter International Inc. (NYSE:BAX) on Thursday, October 26 with “Equal-Weight” rating. BMO Capital Markets maintained Baxter International Inc. (NYSE:BAX) on Wednesday, October 11 with “Buy” rating. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, October 26. Barclays Capital maintained it with “Overweight” rating and $73 target in Thursday, October 26 report. The firm has “Buy” rating given on Tuesday, February 20 by Deutsche Bank. The firm has “Neutral” rating given on Monday, August 10 by Credit Suisse. The stock has “Outperform” rating by Raymond James on Wednesday, January 3. On Wednesday, February 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Baxter International Inc. (NYSE:BAX) has “Overweight” rating given on Friday, June 30 by Cantor Fitzgerald.

Deprince Race & Zollo Inc increased State Auto Finl Corp (NASDAQ:STFC) stake by 24,246 shares to 454,587 valued at $13.24 million in 2017Q4. It also upped Synalloy Cp Del (NASDAQ:SYNL) stake by 43,402 shares and now owns 494,133 shares. Cousins Pptys Inc (NYSE:CUZ) was raised too.

Analysts await Carpenter Technology Corporation (NYSE:CRS) to report earnings on April, 26 before the open. They expect $0.58 earnings per share, up 31.82% or $0.14 from last year’s $0.44 per share. CRS’s profit will be $27.21 million for 21.97 P/E if the $0.58 EPS becomes a reality. After $0.55 actual earnings per share reported by Carpenter Technology Corporation for the previous quarter, Wall Street now forecasts 5.45% EPS growth.

Carpenter Technology Corporation (NYSE:CRS) Institutional Positions Chart

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