Hourglass Capital Has Upped By $1.81 Million Its Schlumberger LTD (SLB) Position; CDK Global (CDK) Had 4 Bullish Analysts

October 12, 2017 - By Adrian Erickson

Among 7 analysts covering CDK Global (NASDAQ:CDK), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. CDK Global had 11 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Tuesday, December 15 with “Underweight”. Morgan Stanley downgraded the stock to “Underweight” rating in Tuesday, January 19 report. The firm has “Outperform” rating given on Wednesday, June 21 by Wells Fargo. The firm earned “Equal-Weight” rating on Friday, February 3 by Morgan Stanley. Oppenheimer maintained CDK Global Inc (NASDAQ:CDK) on Wednesday, August 9 with “Buy” rating. Barrington Research upgraded CDK Global Inc (NASDAQ:CDK) on Thursday, February 4 to “Outperform” rating. The stock has “Outperform” rating by Evercore on Monday, July 10. The rating was maintained by JP Morgan on Friday, August 14 with “Underweight”. The company was upgraded on Wednesday, April 6 by JP Morgan. See CDK Global Inc (NASDAQ:CDK) latest ratings:

09/08/2017 Broker: Oppenheimer Rating: Buy Maintain
01/08/2017 Broker: Oppenheimer Rating: Buy New Target: $71.0000
10/07/2017 Broker: Evercore Old Rating: In-Line New Rating: Outperform Upgrade
21/06/2017 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade

Hourglass Capital Llc increased Schlumberger Ltd (SLB) stake by 35.39% reported in 2017Q2 SEC filing. Hourglass Capital Llc acquired 27,860 shares as Schlumberger Ltd (SLB)’s stock declined 11.04%. The Hourglass Capital Llc holds 106,574 shares with $7.02 million value, up from 78,714 last quarter. Schlumberger Ltd now has $93.98 billion valuation. The stock declined 0.75% or $0.51 reaching $67.23 on the news. About 4.95 million shares traded. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since October 12, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.29, from 1.17 in 2017Q1. It dived, as 99 investors sold SLB shares while 590 reduced holdings. 91 funds opened positions while 513 raised stakes. 1.07 billion shares or 0.68% less from 1.08 billion shares in 2017Q1 were reported. Vaughan David Il accumulated 299,783 shares or 0.99% of the stock. Pnc Svcs Group, a Pennsylvania-based fund reported 2.41M shares. Estabrook Management stated it has 0% of its portfolio in Schlumberger Limited. (NYSE:SLB). First Financial In invested in 0.62% or 14,902 shares. 34,088 are owned by Cleararc Cap Inc. 3,732 are owned by Hartford Fincl Management. Edge Wealth, New York-based fund reported 1,353 shares. 203,505 were accumulated by Northwestern Mutual Wealth. Outfitter reported 19,089 shares stake. Seabridge Investment Advsrs Ltd Liability Corporation invested in 2,860 shares or 0.05% of the stock. Tortoise Cap Advsr Limited Liability Company stated it has 58 shares or 0% of all its holdings. Nadler reported 0.09% stake. Mutual Of America Management Llc owns 188,040 shares. Calamos Advisors Ltd Liability stated it has 863,916 shares. Strs Ohio holds 0.33% or 1.11M shares in its portfolio.

Among 33 analysts covering Schlumberger Limited. (NYSE:SLB), 25 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Schlumberger Limited. had 112 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, April 28 the stock rating was downgraded by Societe Generale to “Hold”. Argus Research maintained it with “Buy” rating and $112 target in Thursday, August 27 report. As per Monday, April 25, the company rating was maintained by Jefferies. The stock of Schlumberger Limited. (NYSE:SLB) earned “Overweight” rating by Barclays Capital on Tuesday, April 26. The firm has “Outperform” rating given on Friday, October 16 by Cowen & Co. The stock of Schlumberger Limited. (NYSE:SLB) has “Sector Ourperform” rating given on Thursday, May 12 by Howard Weil. The company was downgraded on Monday, April 25 by Griffen Securities. On Monday, April 25 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock of Schlumberger Limited. (NYSE:SLB) earned “Hold” rating by Standpoint Research on Wednesday, August 26. The firm earned “Buy” rating on Friday, April 21 by SunTrust.

Since May 30, 2017, it had 1 buying transaction, and 2 insider sales for $2.87 million activity. 5,000 Schlumberger Limited. (NYSE:SLB) shares with value of $349,100 were sold by SANDVOLD TORE I. 3,625 shares were bought by CURRIE PETER L S, worth $250,203. $2.77M worth of stock was sold by Floridia Aaron Gatt on Monday, June 12.

Hourglass Capital Llc decreased United Contl Hldgs Inc (NYSE:UAL) stake by 13,250 shares to 73,121 valued at $5.50M in 2017Q2. It also reduced Arconic Inc stake by 61,460 shares and now owns 336,082 shares. Baker Hughes Inc (NYSE:BHI) was reduced too.

CDK Global, Inc. provides integrated information technology and digital marketing solutions. The company has market cap of $9.08 billion. The Company’s divisions include Retail Solutions North America, Advertising North America and CDK International. It has a 32.64 P/E ratio. Through its Retail Solutions North America segment, the Company provides technology solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.

About 512,122 shares traded. CDK Global Inc (NASDAQ:CDK) has risen 18.92% since October 12, 2016 and is uptrending. It has outperformed by 2.22% the S&P500.

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