Stock Yards Bank & Trust Co Increased Blackrock (BLK) Stake by $664,689 as Share Value Rose; Lathrop Investment Management Has Increased Its Holding in Kirby (KEX) by $1.01 Million as Share Value Declined

February 24, 2018 - By Linda Rogers

Sharlyn C. Heslam increased its stake in Blackrock Inc (BLK) by 3.78% based on its latest 2017Q3 regulatory filing with the SEC. Stock Yards Bank & Trust Co bought 1,487 shares as the company’s stock rose 1.17% with the market. The hedge fund run by Sharlyn C. Heslam held 40,835 shares of the finance company at the end of 2017Q3, valued at $18.26M, up from 39,348 at the end of the previous reported quarter. Stock Yards Bank & Trust Co who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $88.73 billion market cap company. The stock increased 1.89% or $10.22 during the last trading session, reaching $549.75. About 366,653 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since February 24, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Lathrop Investment Management Corp increased its stake in Kirby (KEX) by 10.71% based on its latest 2017Q3 regulatory filing with the SEC. Lathrop Investment Management Corp bought 15,295 shares as the company’s stock declined 5.82% while stock markets rallied. The institutional investor held 158,140 shares of the marine transportation company at the end of 2017Q3, valued at $10.57M, up from 142,845 at the end of the previous reported quarter. Lathrop Investment Management Corp who had been investing in Kirby for a number of months, seems to be bullish on the $4.56B market cap company. The stock increased 1.26% or $0.95 during the last trading session, reaching $76.45. About 179,659 shares traded. Kirby Corporation (NYSE:KEX) has declined 0.86% since February 24, 2017 and is downtrending. It has underperformed by 17.56% the S&P500.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 82 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Sunday, August 13. UBS upgraded BlackRock, Inc. (NYSE:BLK) on Friday, October 2 to “Buy” rating. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Thursday, April 14 by Citigroup. The firm earned “Neutral” rating on Wednesday, January 4 by Goldman Sachs. The company was maintained on Wednesday, October 5 by Deutsche Bank. The firm earned “Overweight” rating on Tuesday, October 10 by Barclays Capital. Deutsche Bank maintained the stock with “Buy” rating in Friday, September 9 report. Argus Research maintained the shares of BLK in report on Tuesday, December 1 with “Buy” rating. The company was maintained on Wednesday, August 26 by Barclays Capital. Jefferies maintained it with “Hold” rating and $440.0 target in Monday, September 25 report.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.10, from 1.28 in 2017Q2. It is positive, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. 3,435 are held by Panagora Asset Management. Dimensional Fund Advisors Ltd Partnership reported 0.06% in BlackRock, Inc. (NYSE:BLK). Miles Cap accumulated 0.77% or 3,020 shares. Kentucky-based Atlas Browninc has invested 0.05% in BlackRock, Inc. (NYSE:BLK). Woodmont Investment Counsel Limited Liability holds 0.29% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 2,375 shares. Inv House Limited, a California-based fund reported 2,793 shares. Chemical Bank & Trust holds 0.19% or 3,767 shares in its portfolio. Trexquant Investment Limited Partnership has 0.07% invested in BlackRock, Inc. (NYSE:BLK). Interocean Capital Limited Company, a Illinois-based fund reported 15,484 shares. Citizens And Northern Corp invested in 861 shares or 0.29% of the stock. Public Employees Retirement Association Of Colorado owns 0.07% invested in BlackRock, Inc. (NYSE:BLK) for 21,699 shares. Wharton Business Group Inc Inc accumulated 538 shares or 0.03% of the stock. First Manhattan holds 404 shares or 0% of its portfolio. Wellington Mngmt Gp Ltd Liability Partnership owns 7.26 million shares. Quantum Management reported 0.42% stake.

Stock Yards Bank & Trust Co, which manages about $853.26 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 2,347 shares to 165,717 shares, valued at $25.54 million in 2017Q3, according to the filing. It also reduced its holding in Berkshire Hathaway Inc (BRKB) by 2,940 shares in the quarter, leaving it with 25,610 shares, and cut its stake in Waters Corp (NYSE:WAT).

Among 15 analysts covering Kirby (NYSE:KEX), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Kirby had 37 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, February 2 the stock rating was maintained by Stephens with “Hold”. The stock has “Outperform” rating by Credit Suisse on Wednesday, April 19. Macquarie Research upgraded the stock to “Neutral” rating in Thursday, October 1 report. Bank of America maintained the shares of KEX in report on Thursday, February 1 with “Underperform” rating. The rating was upgraded by Wells Fargo on Monday, January 22 to “Buy”. The stock of Kirby Corporation (NYSE:KEX) has “Hold” rating given on Tuesday, January 16 by Gabelli. As per Friday, February 2, the company rating was upgraded by Evercore. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, September 14. The stock of Kirby Corporation (NYSE:KEX) earned “Buy” rating by Jefferies on Monday, September 11. The company was maintained on Thursday, February 1 by Jefferies.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.22, from 1.26 in 2017Q2. It turned negative, as 23 investors sold KEX shares while 67 reduced holdings. 30 funds opened positions while 64 raised stakes. 56.43 million shares or 1.78% more from 55.44 million shares in 2017Q2 were reported. Pnc Finance Services Gp Incorporated reported 3,784 shares. Williams Jones & Associate Ltd Llc holds 0.01% or 4,550 shares. Moreover, Northern Tru has 0.01% invested in Kirby Corporation (NYSE:KEX). Chicago Equity Prns Ltd Liability Corp holds 0.01% of its portfolio in Kirby Corporation (NYSE:KEX) for 4,450 shares. 14,126 were accumulated by Liberty Mutual Grp Incorporated Asset Mngmt. Hutchin Hill Capital Lp stated it has 0.05% in Kirby Corporation (NYSE:KEX). Morgan Stanley holds 130,603 shares or 0% of its portfolio. Loring Wolcott Coolidge Fiduciary Llp Ma has 12 shares. Ubs Asset Mngmt Americas holds 0% or 34,677 shares. Parallax Volatility Advisers Limited Partnership reported 0% of its portfolio in Kirby Corporation (NYSE:KEX). Gemmer Asset Management Ltd Liability Corp stated it has 159 shares. Comerica Bank holds 42,181 shares. Arrowmark Colorado Holding Ltd Company has 2.42 million shares. Fruth Invest Mngmt stated it has 19,004 shares or 0.57% of all its holdings. The Colorado-based Advisors Asset has invested 0.01% in Kirby Corporation (NYSE:KEX).

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