As Lyondellbasell Industries Nv (LYB) Stock Price Declined, Shareholder Meritage Portfolio Management Has Decreased Position by $2.82 Million; Fastenal Co (FAST) Holder Mckinley Carter Wealth Services Decreased Stake by $1.19 Million as Market Valuation Declined

January 17, 2018 - By Ellis Scott

Meritage Portfolio Management decreased its stake in Lyondellbasell Industries Nv (LYB) by 44.24% based on its latest 2017Q3 regulatory filing with the SEC. Meritage Portfolio Management sold 28,465 shares as the company’s stock declined 12.71% while stock markets rallied. The institutional investor held 35,880 shares of the major chemicals company at the end of 2017Q3, valued at $3.55M, down from 64,345 at the end of the previous reported quarter. Meritage Portfolio Management who had been investing in Lyondellbasell Industries Nv for a number of months, seems to be less bullish one the $45.88B market cap company. The stock increased 0.35% or $0.41 during the last trading session, reaching $116.3. About 441,874 shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 0.33% since January 17, 2017 and is uptrending. It has underperformed by 16.37% the S&P500.

Mckinley Carter Wealth Services Inc decreased its stake in Fastenal Co (FAST) by 68.18% based on its latest 2017Q3 regulatory filing with the SEC. Mckinley Carter Wealth Services Inc sold 26,488 shares as the company’s stock declined 14.06% while stock markets rallied. The institutional investor held 12,362 shares of the building materials company at the end of 2017Q3, valued at $563,000, down from 38,850 at the end of the previous reported quarter. Mckinley Carter Wealth Services Inc who had been investing in Fastenal Co for a number of months, seems to be less bullish one the $14.96B market cap company. The stock decreased 6.13% or $3.4 during the last trading session, reaching $52.04. About 4.50M shares traded or 111.01% up from the average. Fastenal Company (NASDAQ:FAST) has declined 2.09% since January 17, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.

Since August 1, 2017, it had 0 buys, and 1 sale for $287,581 activity.

Meritage Portfolio Management, which manages about $1.31B and $1.02B US Long portfolio, upped its stake in Miller Herman (NASDAQ:MLHR) by 39,885 shares to 125,567 shares, valued at $4.51 million in 2017Q3, according to the filing. It also increased its holding in Phillips 66 Partners Lp (NYSE:PSXP) by 24,408 shares in the quarter, for a total of 61,780 shares, and has risen its stake in Facebook Inc. (NASDAQ:FB).

Analysts await LyondellBasell Industries N.V. (NYSE:LYB) to report earnings on February, 2. They expect $2.49 earnings per share, up 14.22% or $0.31 from last year’s $2.18 per share. LYB’s profit will be $982.21M for 11.68 P/E if the $2.49 EPS becomes a reality. After $2.41 actual earnings per share reported by LyondellBasell Industries N.V. for the previous quarter, Wall Street now forecasts 3.32% EPS growth.

Among 23 analysts covering LyondellBasell (NYSE:LYB), 8 have Buy rating, 3 Sell and 12 Hold. Therefore 35% are positive. LyondellBasell had 65 analyst reports since September 1, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Cowen & Co on Monday, June 13. Citigroup maintained LyondellBasell Industries N.V. (NYSE:LYB) rating on Monday, April 18. Citigroup has “Neutral” rating and $94 target. The stock of LyondellBasell Industries N.V. (NYSE:LYB) earned “Hold” rating by Cowen & Co on Tuesday, October 3. Jefferies maintained LyondellBasell Industries N.V. (NYSE:LYB) rating on Thursday, September 22. Jefferies has “Hold” rating and $88 target. UBS maintained it with “Neutral” rating and $102 target in Monday, October 30 report. The firm has “Hold” rating by HSBC given on Tuesday, October 10. Tudor Pickering initiated LyondellBasell Industries N.V. (NYSE:LYB) on Friday, October 14 with “Buy” rating. RBC Capital Markets maintained LyondellBasell Industries N.V. (NYSE:LYB) on Tuesday, September 5 with “Hold” rating. The firm earned “Neutral” rating on Friday, October 13 by UBS. The firm has “Underperform” rating by Bank of America given on Monday, May 8.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.12, from 0.96 in 2017Q2. It dived, as 52 investors sold LYB shares while 276 reduced holdings. 88 funds opened positions while 187 raised stakes. 287.42 million shares or 0.30% less from 288.30 million shares in 2017Q2 were reported. Aqr Cap Management Llc holds 0.85% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 7.20 million shares. Moreover, Retirement Sys Of Alabama has 0.08% invested in LyondellBasell Industries N.V. (NYSE:LYB). Pointstate Cap LP accumulated 1.42% or 1.68 million shares. 10,785 are held by Da Davidson And. Regentatlantic Ltd Liability holds 2,467 shares or 0.02% of its portfolio. Community Bancorporation Na stated it has 0% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Royal Bankshares Of Canada reported 0.15% stake. Midas Management Corporation invested in 27,500 shares or 1.44% of the stock. Blair William And Il reported 0.01% stake. Cincinnati Specialty Underwriters owns 12,333 shares. Segment Wealth Mgmt Limited Company accumulated 36,555 shares. Barry Investment Advsr Lc stated it has 0.68% in LyondellBasell Industries N.V. (NYSE:LYB). Nationwide Fund Advisors has 0.07% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 176,113 shares. Us Natl Bank De invested in 342,320 shares. Bancorporation Pictet Cie (Asia) Limited accumulated 6,360 shares.

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 57 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Fastenal Company (NASDAQ:FAST) has “Neutral” rating given on Friday, August 26 by Macquarie Research. The company was maintained on Monday, August 21 by BMO Capital Markets. Robert W. Baird maintained the shares of FAST in report on Thursday, October 12 with “Buy” rating. On Tuesday, March 8 the stock rating was initiated by Argus Research with “Buy”. The stock of Fastenal Company (NASDAQ:FAST) has “Hold” rating given on Tuesday, June 6 by BMO Capital Markets. Robert W. Baird upgraded the shares of FAST in report on Wednesday, July 12 to “Outperform” rating. The firm has “Buy” rating by Credit Suisse given on Tuesday, January 9. BMO Capital Markets maintained the shares of FAST in report on Monday, November 13 with “Hold” rating. The stock of Fastenal Company (NASDAQ:FAST) earned “Hold” rating by Stifel Nicolaus on Thursday, January 19. The stock of Fastenal Company (NASDAQ:FAST) has “Hold” rating given on Thursday, October 12 by Stifel Nicolaus.

Mckinley Carter Wealth Services Inc, which manages about $815.35 million and $260.58M US Long portfolio, upped its stake in Ishares Tr (IVV) by 3,027 shares to 45,233 shares, valued at $11.44M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IWB) by 60,805 shares in the quarter, for a total of 227,698 shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST).

Since August 15, 2017, it had 0 insider purchases, and 3 selling transactions for $956,223 activity. On Monday, October 16 Hein LeLand J sold $471,350 worth of Fastenal Company (NASDAQ:FAST) or 10,000 shares. On Friday, December 15 the insider Polipnick Gary A. sold $140,793.

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