Pennant Capital Management Raised Fleetcor Technologies (FLT) Holding by $324,016 as Stock Declined; Advisors Asset Management Lowered Its Crane Co (CR) Stake by $1.47 Million

January 16, 2018 - By Maria Brooks

Advisors Asset Management Inc decreased its stake in Crane Co (CR) by 14.91% based on its latest 2017Q3 regulatory filing with the SEC. Advisors Asset Management Inc sold 18,593 shares as the company’s stock rose 4.63% with the market. The institutional investor held 106,099 shares of the metal fabrications company at the end of 2017Q3, valued at $8.49 million, down from 124,692 at the end of the previous reported quarter. Advisors Asset Management Inc who had been investing in Crane Co for a number of months, seems to be less bullish one the $5.48B market cap company. The stock increased 0.76% or $0.7 during the last trading session, reaching $92.28. About 153,137 shares traded. Crane Co. (NYSE:CR) has risen 42.66% since January 16, 2017 and is uptrending. It has outperformed by 25.96% the S&P500.

Alan Fournier increased its stake in Fleetcor Technologies Inc (FLT) by 0.4% based on its latest 2017Q3 regulatory filing with the SEC. Pennant Capital Management Llc bought 2,104 shares as the company’s stock declined 18.44% while stock markets rallied. The hedge fund run by Alan Fournier held 528,918 shares of the miscellaneous company at the end of 2017Q3, valued at $81.86M, up from 526,814 at the end of the previous reported quarter. Pennant Capital Management Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.21 billion market cap company. The stock increased 0.34% or $0.69 during the last trading session, reaching $203.27. About 353,400 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since January 16, 2017 and is downtrending. It has underperformed by 23.37% the S&P500.

Pennant Capital Management Llc, which manages about $10.20 billion and $1.63B US Long portfolio, decreased its stake in Ultra Petroleum Corp (Call) by 577,209 shares to 2.00 million shares, valued at $17.34M in 2017Q3, according to the filing. It also reduced its holding in Athene Hldg Ltd by 924,435 shares in the quarter, leaving it with 1.16M shares, and cut its stake in Zayo Group Hldgs Inc (NYSE:ZAYO).

Among 16 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Fleetcor Technologies had 49 analyst reports since August 6, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, May 2 by Raymond James. The rating was initiated by Suntrust Robinson on Friday, June 24 with “Buy”. Barclays Capital maintained the shares of FLT in report on Thursday, November 2 with “Overweight” rating. On Wednesday, January 10 the stock rating was maintained by Wells Fargo with “Buy”. The firm earned “Neutral” rating on Friday, April 15 by Compass Point. As per Thursday, May 25, the company rating was maintained by Jefferies. The company was maintained on Wednesday, November 1 by Oppenheimer. Wells Fargo upgraded FleetCor Technologies, Inc. (NYSE:FLT) on Friday, November 18 to “Outperform” rating. On Wednesday, September 30 the stock rating was downgraded by Evercore to “Hold”. The firm earned “Neutral” rating on Friday, August 14 by JP Morgan.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.36, from 0.91 in 2017Q2. It improved, as 26 investors sold FLT shares while 99 reduced holdings. 39 funds opened positions while 120 raised stakes. 83.71 million shares or 5.44% less from 88.52 million shares in 2017Q2 were reported. Echo Street Cap Limited Com owns 574,354 shares for 3.03% of their portfolio. 30,755 are owned by Beese Fulmer Investment Mgmt. Hightower Advisors Ltd has 0% invested in FleetCor Technologies, Inc. (NYSE:FLT). Kensico Mngmt holds 1.06% or 450,000 shares in its portfolio. Citadel Advsrs Llc invested in 553,382 shares or 0.07% of the stock. Vanguard Group owns 0.06% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 7.66M shares. Advisory Svcs Networks Lc has invested 0.01% in FleetCor Technologies, Inc. (NYSE:FLT). The Pennsylvania-based Fulton Bancshares Na has invested 0.02% in FleetCor Technologies, Inc. (NYSE:FLT). Millennium Limited Liability Corp holds 0.18% or 776,917 shares. Tokio Marine Asset Mgmt Co has invested 1.16% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Credit Suisse Ag accumulated 164,334 shares or 0.02% of the stock. Bank & Trust Of New York Mellon Corp reported 353,654 shares. Washington-based Cornerstone Advsr has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Pnc Fincl Group, Pennsylvania-based fund reported 2,116 shares. State Of Wisconsin Inv Board stated it has 0.05% in FleetCor Technologies, Inc. (NYSE:FLT).

Among 15 analysts covering Crane (NYSE:CR), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. Crane had 44 analyst reports since July 30, 2015 according to SRatingsIntel. On Wednesday, October 26 the stock rating was maintained by Stifel Nicolaus with “Hold”. The company was initiated on Friday, December 2 by Aegis Capital. The stock of Crane Co. (NYSE:CR) has “Outperform” rating given on Wednesday, April 26 by William Blair. UBS downgraded Crane Co. (NYSE:CR) rating on Wednesday, April 27. UBS has “Neutral” rating and $57 target. The rating was upgraded by Wolfe Research to “Outperform” on Monday, August 14. Vertical Research upgraded the shares of CR in report on Wednesday, December 6 to “Buy” rating. The stock of Crane Co. (NYSE:CR) earned “Buy” rating by Canaccord Genuity on Wednesday, June 21. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, October 25. On Thursday, October 15 the stock rating was initiated by Avondale with “Market Perform”. Seaport Global upgraded the stock to “Buy” rating in Thursday, October 26 report.

Advisors Asset Management Inc, which manages about $16.50B and $5.97B US Long portfolio, upped its stake in Blackrock Science & Tech Tr by 25,166 shares to 173,819 shares, valued at $4.25 million in 2017Q3, according to the filing. It also increased its holding in Semgroup Corp (NYSE:SEMG) by 148,104 shares in the quarter, for a total of 785,929 shares, and has risen its stake in American Tower Corp New (NYSE:AMT).

Analysts await Crane Co. (NYSE:CR) to report earnings on January, 29. They expect $1.17 earnings per share, up 14.71% or $0.15 from last year’s $1.02 per share. CR’s profit will be $69.44 million for 19.72 P/E if the $1.17 EPS becomes a reality. After $1.13 actual earnings per share reported by Crane Co. for the previous quarter, Wall Street now forecasts 3.54% EPS growth.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.46, from 1.54 in 2017Q2. It worsened, as 35 investors sold CR shares while 89 reduced holdings. 39 funds opened positions while 95 raised stakes. 35.90 million shares or 1.25% less from 36.35 million shares in 2017Q2 were reported. New York State Common Retirement Fund holds 0.02% in Crane Co. (NYSE:CR) or 160,524 shares. 71,300 are owned by Los Angeles Mngmt & Equity Research. Royal National Bank Of Canada invested 0% of its portfolio in Crane Co. (NYSE:CR). 78,800 are held by Swiss Bank. Great West Life Assurance Can holds 29,550 shares. Retirement System Of Alabama holds 0.03% in Crane Co. (NYSE:CR) or 83,842 shares. Mutual Of America Mgmt Lc invested in 0.06% or 42,163 shares. Hap Trading Ltd Liability Com holds 0.15% or 39,000 shares. Nicholas Invest Partners Limited Partnership owns 45,618 shares for 0.25% of their portfolio. Brown Advisory reported 9,674 shares or 0% of all its holdings. Guggenheim Capital Ltd Company has 309,958 shares for 0.06% of their portfolio. Cubic Asset Mgmt Ltd Com owns 0.45% invested in Crane Co. (NYSE:CR) for 20,085 shares. Piedmont Invest Advisors Lc reported 6,553 shares or 0.01% of all its holdings. D E Shaw And Com holds 0% of its portfolio in Crane Co. (NYSE:CR) for 31,378 shares. Evanson Asset Mgmt Lc reported 3,130 shares stake.

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