First Merchants Has Cut Stake in Amphenol Com (APH) by $345,828; Weitz Investment Management Has Raised Its Holding in Pioneer Nat Res Co (PXD) as Valuation Declined

February 23, 2018 - By Vivian Park

Weitz Investment Management Inc increased its stake in Pioneer Nat Res Co (PXD) by 10.6% based on its latest 2017Q3 regulatory filing with the SEC. Weitz Investment Management Inc bought 11,890 shares as the company’s stock declined 8.01% while stock markets rallied. The institutional investor held 124,098 shares of the oil & gas production company at the end of 2017Q3, valued at $18.31M, up from 112,208 at the end of the previous reported quarter. Weitz Investment Management Inc who had been investing in Pioneer Nat Res Co for a number of months, seems to be bullish on the $30.21B market cap company. The stock increased 1.53% or $2.68 during the last trading session, reaching $177.41. About 1.10M shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since February 23, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

First Merchants Corp decreased its stake in Amphenol Corporation Com (APH) by 22.61% based on its latest 2017Q3 regulatory filing with the SEC. First Merchants Corp sold 4,117 shares as the company’s stock rose 4.95% with the market. The institutional investor held 14,091 shares of the electrical products company at the end of 2017Q3, valued at $1.19M, down from 18,208 at the end of the previous reported quarter. First Merchants Corp who had been investing in Amphenol Corporation Com for a number of months, seems to be less bullish one the $27.55B market cap company. The stock decreased 0.21% or $0.19 during the last trading session, reaching $90.23. About 1.21 million shares traded. Amphenol Corporation (NYSE:APH) has risen 31.78% since February 23, 2017 and is uptrending. It has outperformed by 15.08% the S&P500.




Since September 11, 2017, it had 0 insider purchases, and 5 sales for $941,910 activity. Another trade for 2,000 shares valued at $320,000 was sold by Hopkins Frank E. Shares for $31,870 were sold by Grillot Larry R. on Monday, December 11. The insider Fairbrook Teresa A sold 880 shares worth $114,835. BERG MARK STEPHEN sold 2,000 shares worth $315,700.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.07, from 1.1 in 2017Q2. It fall, as 78 investors sold PXD shares while 197 reduced holdings. 73 funds opened positions while 209 raised stakes. 151.85 million shares or 0.71% less from 152.94 million shares in 2017Q2 were reported. Lombard Odier Asset Mgmt (Europe) Limited holds 0.02% or 2,089 shares in its portfolio. Artisan Partners Limited Partnership has 0.5% invested in Pioneer Natural Resources Company (NYSE:PXD) for 1.84 million shares. Putnam Fl Inv Mngmt, a Massachusetts-based fund reported 58,077 shares. Ls Invest Advsrs Llc stated it has 0.04% in Pioneer Natural Resources Company (NYSE:PXD). Ingalls & Snyder invested in 7.88% or 1.03 million shares. Syntal Ptnrs Ltd Limited Liability Company has 2,634 shares for 0.28% of their portfolio. Citadel Advisors Ltd has invested 0% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). S&Co Inc invested in 2% or 106,254 shares. Leavell Mngmt holds 19,876 shares. Bessemer Group invested 0.04% in Pioneer Natural Resources Company (NYSE:PXD). Commonwealth Equity stated it has 0.01% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Point72 Asset Mngmt Lp has 739,763 shares. Valley National Advisers reported 0.01% in Pioneer Natural Resources Company (NYSE:PXD). Strs Ohio has invested 0.06% in Pioneer Natural Resources Company (NYSE:PXD). Moreover, Millennium Mngmt Ltd has 0.01% invested in Pioneer Natural Resources Company (NYSE:PXD).

Weitz Investment Management Inc, which manages about $5.99 billion and $2.43B US Long portfolio, decreased its stake in Aon Plc (NYSE:AON) by 45,724 shares to 321,930 shares, valued at $47.03 million in 2017Q3, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKA) by 20 shares in the quarter, leaving it with 390 shares, and cut its stake in National Cinemedia Inc (NASDAQ:NCMI).

Among 40 analysts covering Pioneer Natural Resources (NYSE:PXD), 35 have Buy rating, 1 Sell and 4 Hold. Therefore 88% are positive. Pioneer Natural Resources had 150 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, October 11 by Barclays Capital. On Monday, May 15 the stock rating was maintained by RBC Capital Markets with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $201.0 target in Friday, October 13 report. The firm earned “Buy” rating on Thursday, April 13 by Stifel Nicolaus. The firm has “Strong Buy” rating by Raymond James given on Tuesday, December 1. As per Tuesday, February 6, the company rating was maintained by Robert W. Baird. Societe Generale downgraded the stock to “Sell” rating in Thursday, August 4 report. The firm earned “Hold” rating on Wednesday, February 7 by Williams Capital Group. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Tuesday, November 21 by KeyBanc Capital Markets. On Thursday, February 8 the stock rating was maintained by Imperial Capital with “Outperform”.

Analysts await Amphenol Corporation (NYSE:APH) to report earnings on April, 25. They expect $0.80 earnings per share, up 12.68% or $0.09 from last year’s $0.71 per share. APH’s profit will be $244.27 million for 28.20 P/E if the $0.80 EPS becomes a reality. After $0.86 actual earnings per share reported by Amphenol Corporation for the previous quarter, Wall Street now forecasts -6.98% negative EPS growth.

Among 11 analysts covering Amphenol (NYSE:APH), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Amphenol had 45 analyst reports since July 23, 2015 according to SRatingsIntel. The company was downgraded on Thursday, July 6 by Goldman Sachs. The stock of Amphenol Corporation (NYSE:APH) earned “Top Pick” rating by RBC Capital Markets on Monday, January 18. RBC Capital Markets maintained the stock with “Top Pick” rating in Thursday, April 27 report. The stock of Amphenol Corporation (NYSE:APH) has “Buy” rating given on Monday, November 16 by Goldman Sachs. RBC Capital Markets maintained Amphenol Corporation (NYSE:APH) on Wednesday, January 3 with “Buy” rating. The firm earned “Hold” rating on Wednesday, October 11 by SunTrust. RBC Capital Markets maintained Amphenol Corporation (NYSE:APH) rating on Friday, January 15. RBC Capital Markets has “Top Pick” rating and $55.0 target. On Thursday, July 23 the stock rating was maintained by RBC Capital Markets with “Top Pick”. Deutsche Bank maintained the stock with “Buy” rating in Thursday, October 26 report. The rating was maintained by SunTrust with “Hold” on Thursday, January 25.

First Merchants Corp, which manages about $578.87M US Long portfolio, upped its stake in Stryker Corp Com (NYSE:SYK) by 32,027 shares to 60,293 shares, valued at $8.56 million in 2017Q3, according to the filing. It also increased its holding in Vanguard Ftse All Wrld Ex Us Etf (VEU) by 11,101 shares in the quarter, for a total of 131,869 shares, and has risen its stake in Apple Computer Inc Com (NASDAQ:AAPL).

Since August 25, 2017, it had 0 insider purchases, and 5 selling transactions for $29.96 million activity. Silverman David M sold $1.28 million worth of Amphenol Corporation (NYSE:APH) on Tuesday, August 29. Lampo Craig A sold $1.20 million worth of stock or 15,000 shares. Gavelle Jean-Luc sold $7.60 million worth of stock or 88,000 shares. On Monday, October 30 NORWITT RICHARD ADAM sold $18.94M worth of Amphenol Corporation (NYSE:APH) or 220,000 shares.

Investors sentiment increased to 0.95 in Q3 2017. Its up 0.07, from 0.88 in 2017Q2. It improved, as 32 investors sold APH shares while 193 reduced holdings. 51 funds opened positions while 162 raised stakes. 292.31 million shares or 0.47% less from 293.69 million shares in 2017Q2 were reported. 586 are held by Plante Moran Financial Advisors Lc. Connable Office Inc owns 33,706 shares or 0.58% of their US portfolio. Proshare Advsrs Limited Liability Co holds 0.02% of its portfolio in Amphenol Corporation (NYSE:APH) for 28,556 shares. New York-based Select Equity Grp Limited Partnership has invested 1.96% in Amphenol Corporation (NYSE:APH). Everence Cap reported 7,167 shares. Reilly Herbert Faulkner Iii accumulated 59,539 shares or 3.06% of the stock. Calamos Advsrs Ltd Llc holds 0.04% or 60,288 shares. Public Sector Pension Board has 0.01% invested in Amphenol Corporation (NYSE:APH) for 34,090 shares. Fifth Third Savings Bank has invested 0% in Amphenol Corporation (NYSE:APH). Mariner Wealth Advsrs Lc invested in 0.06% or 15,336 shares. Optimum Investment Advisors has invested 0.36% in Amphenol Corporation (NYSE:APH). Japan-based Meiji Yasuda Asset has invested 0.07% in Amphenol Corporation (NYSE:APH). Columbia Ptnrs L L C Inv Management invested 0.18% of its portfolio in Amphenol Corporation (NYSE:APH). Kayne Anderson Rudnick Investment Mngmt Lc reported 575,032 shares or 0.44% of all its holdings. Commonwealth Equity Svcs holds 4,645 shares.

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