Shareholder Trust Asset Management Lifted Buckeye Partners LP (BPL) Holding; Cognex (CGNX) Holding Has Increased by Teachers Retirement System Of The State Of Kentucky

May 25, 2018 - By Michael Collier

Buckeye Partners, L.P. (NYSE:BPL) Logo

Teachers Retirement System Of The State Of Kentucky increased its stake in Cognex Corp (CGNX) by 100% based on its latest 2017Q4 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky bought 19,370 shares as the company’s stock declined 13.83% with the market. The institutional investor held 38,740 shares of the industrial machinery and components company at the end of 2017Q4, valued at $2.37 million, up from 19,370 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Cognex Corp for a number of months, seems to be bullish on the $8.08 billion market cap company. The stock increased 0.23% or $0.11 during the last trading session, reaching $46.71. About 513,356 shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since May 25, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

Trust Asset Management Llc increased its stake in Buckeye Partners Lp (BPL) by 45.55% based on its latest 2017Q4 regulatory filing with the SEC. Trust Asset Management Llc bought 110,600 shares as the company’s stock declined 21.81% with the market. The institutional investor held 353,422 shares of the natural gas distribution company at the end of 2017Q4, valued at $17.51 million, up from 242,822 at the end of the previous reported quarter. Trust Asset Management Llc who had been investing in Buckeye Partners Lp for a number of months, seems to be bullish on the $5.51 billion market cap company. The stock decreased 0.09% or $0.03 during the last trading session, reaching $35.99. About 580,973 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 43.06% since May 25, 2017 and is downtrending. It has underperformed by 54.61% the S&P500.

Teachers Retirement System Of The State Of Kentucky, which manages about $8.51 billion US Long portfolio, decreased its stake in Middleby Corp (NASDAQ:MIDD) by 13,996 shares to 46,225 shares, valued at $6.24 million in 2017Q4, according to the filing. It also reduced its holding in Paypal Hldgs Inc by 35,104 shares in the quarter, leaving it with 208,958 shares, and cut its stake in First Data Corp New.

Investors sentiment increased to 6.53 in Q4 2017. Its up 5.48, from 1.05 in 2017Q3. It increased, as 32 investors sold CGNX shares while 21 reduced holdings. 84 funds opened positions while 262 raised stakes. 268.44 million shares or 268.52% more from 72.84 million shares in 2017Q3 were reported. Spark Inv Mngmt Limited Company holds 0.06% or 17,600 shares in its portfolio. Essex Invest Ltd Liability Com invested in 1.75% or 216,710 shares. Commonwealth Of Pennsylvania School Empls Retrmt reported 25,294 shares. Pub Employees Retirement Association Of Colorado holds 0.01% in Cognex Corporation (NASDAQ:CGNX) or 35,354 shares. Tradewinds Capital Mngmt Limited Co invested 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Intrust Bank & Trust Na owns 12,347 shares. 200 are owned by Co Of Vermont. Citigroup holds 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 18,328 shares. Tiedemann Wealth Management Limited Liability Corp holds 0.02% or 5,200 shares. Capital Mngmt has invested 5.9% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Mutual Of America Mngmt Limited Liability Company holds 0.13% or 142,446 shares in its portfolio. Panagora Asset Inc holds 18,048 shares or 0% of its portfolio. Qs Ltd Liability stated it has 0% in Cognex Corporation (NASDAQ:CGNX). Moreover, Polar Cap Llp has 0.32% invested in Cognex Corporation (NASDAQ:CGNX) for 514,072 shares. Rmb Ltd Company holds 19,968 shares or 0.03% of its portfolio.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 9 have Buy rating, 3 Sell and 7 Hold. Therefore 47% are positive. Cognex Corporation had 47 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Monday, May 7 by JP Morgan. Canaccord Genuity maintained the shares of CGNX in report on Thursday, February 15 with “Hold” rating. The firm has “Outperform” rating by CLSA given on Tuesday, November 3. The company was upgraded on Friday, December 8 by Daiwa Securities. Canaccord Genuity maintained it with “Hold” rating and $9500 target in Monday, July 31 report. The rating was downgraded by Canaccord Genuity to “Hold” on Tuesday, June 14. The rating was upgraded by Northcoast to “Buy” on Wednesday, April 4. Canaccord Genuity maintained the shares of CGNX in report on Friday, April 1 with “Buy” rating. The stock of Cognex Corporation (NASDAQ:CGNX) has “Hold” rating given on Tuesday, October 31 by Canaccord Genuity. The rating was downgraded by J.P. Morgan on Wednesday, November 8 to “Sell”.

Since March 12, 2018, it had 0 buys, and 1 insider sale for $564,892 activity.

More news for Cognex Corporation (NASDAQ:CGNX) were recently published by: Streetinsider.com, which released: “Pre-Open Movers 05/01: (INGN) (KPTI) (NTRI) Higher; (IVAC) (CGNX) (KLXI) Lower (more…)” on May 01, 2018. Seekingalpha.com‘s article titled: “Will Cognex Stock Keep Falling?” and published on May 09, 2018 is yet another important article.

Investors sentiment decreased to 0.57 in Q4 2017. Its down 0.43, from 1 in 2017Q3. It fall, as 48 investors sold BPL shares while 116 reduced holdings. 29 funds opened positions while 65 raised stakes. 98.68 million shares or 1.84% more from 96.89 million shares in 2017Q3 were reported. Wells Fargo Commerce Mn holds 313,938 shares or 0% of its portfolio. North Star Mngmt stated it has 3,299 shares or 0.02% of all its holdings. Johnson Invest Counsel Incorporated invested 0.01% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Chickasaw Cap Mgmt Lc has invested 3.71% in Buckeye Partners, L.P. (NYSE:BPL). Lpl Ltd Liability holds 0.01% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 56,345 shares. Motco accumulated 350 shares. Chem Bank reported 0.12% stake. Wealthtrust Axiom Limited Liability Company reported 0.16% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Webster Bank N A has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Evercore Wealth Mngmt Ltd Liability Corp owns 0% invested in Buckeye Partners, L.P. (NYSE:BPL) for 533 shares. Albert D Mason holds 31,933 shares. Denver Inv Advisors Limited Liability reported 0.01% stake. Adirondack invested in 1,275 shares or 0.05% of the stock. Carroll Assoc Incorporated owns 450 shares. Moreover, Mcf Advsr Limited Liability Company has 0.02% invested in Buckeye Partners, L.P. (NYSE:BPL) for 2,634 shares.

Among 18 analysts covering Buckeye Partners (NYSE:BPL), 4 have Buy rating, 1 Sell and 13 Hold. Therefore 22% are positive. Buckeye Partners had 61 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Tuesday, March 15 by JP Morgan. Stifel Nicolaus downgraded the stock to “Hold” rating in Monday, February 13 report. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, July 30. The firm earned “Buy” rating on Monday, November 2 by Stifel Nicolaus. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, April 5. Credit Suisse maintained the shares of BPL in report on Monday, August 7 with “Hold” rating. The stock has “Hold” rating by Mizuho on Sunday, November 5. The company was maintained on Thursday, July 13 by Stifel Nicolaus. The firm earned “Neutral” rating on Tuesday, March 13 by JP Morgan. RBC Capital Markets maintained it with “Hold” rating and $56.0 target in Wednesday, November 8 report.

Trust Asset Management Llc, which manages about $633.33 million and $268.01M US Long portfolio, decreased its stake in Call 100 Proshares Tr Proshares Ultrashort (TBT) by 15,046 shares to 205,018 shares, valued at $6.93 million in 2017Q4, according to the filing. It also reduced its holding in Alphabet Inc by 1,717 shares in the quarter, leaving it with 24,157 shares, and cut its stake in Ishares Msci Eafe Index Fund (EFA).

Since March 9, 2018, it had 1 buying transaction, and 1 sale for $445,244 activity. Another trade for 11,013 shares valued at $483,707 was sold by Sauger Joseph.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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