Carnegie Capital Asset Management Has Increased Lowes Cos (LOW) Position by $5.62 Million; Westlake Chem Com (WLK) Position Maintained by Symphony Asset Management Llc

May 26, 2018 - By Hazel Jackson

Westlake Chemical Corporation (NYSE:WLK) Logo

Carnegie Capital Asset Management Llc increased its stake in Lowes Cos Inc (LOW) by 126.05% based on its latest 2017Q4 regulatory filing with the SEC. Carnegie Capital Asset Management Llc bought 57,337 shares as the company’s stock declined 5.74% with the market. The institutional investor held 102,824 shares of the consumer services company at the end of 2017Q4, valued at $10.08M, up from 45,487 at the end of the previous reported quarter. Carnegie Capital Asset Management Llc who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the $79.84 billion market cap company. The stock increased 0.21% or $0.2 during the last trading session, reaching $96.69. About 7.64M shares traded or 2.65% up from the average. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since May 26, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Symphony Asset Management Llc increased its stake in Westlake Chem Corp Com (WLK) by 9.37% based on its latest 2017Q4 regulatory filing with the SEC. Symphony Asset Management Llc bought 3,417 shares as the company’s stock rose 8.30% while stock markets declined. The institutional investor held 39,891 shares of the major chemicals company at the end of 2017Q4, valued at $4.25M, up from 36,474 at the end of the previous reported quarter. Symphony Asset Management Llc who had been investing in Westlake Chem Corp Com for a number of months, seems to be bullish on the $15.33B market cap company. The stock decreased 1.88% or $2.27 during the last trading session, reaching $118.26. About 712,374 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 76.43% since May 26, 2017 and is uptrending. It has outperformed by 64.88% the S&P500.

Symphony Asset Management Llc, which manages about $16.99 billion and $984.02M US Long portfolio, decreased its stake in Tiffany & Co New Com (NYSE:TIF) by 8,573 shares to 12,709 shares, valued at $1.32M in 2017Q4, according to the filing. It also reduced its holding in C&J Energy Services Inc by 69,761 shares in the quarter, leaving it with 779,600 shares, and cut its stake in Keycorp (NYSE:KEY).

More recent Westlake Chemical Corporation (NYSE:WLK) news were published by: Seekingalpha.com which released: “Westlake Chemical (WLK) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Also Bizjournals.com published the news titled: “Two Houston companies join Fortune 500 this year” on May 21, 2018. Bizjournals.com‘s news article titled: “Weatherford CEO named to Houston chemical company’s board” with publication date: May 22, 2018 was also an interesting one.

Since February 22, 2018, it had 0 buys, and 16 sales for $16.19 million activity. LUKENS MAX L sold $1.95 million worth of stock or 17,558 shares. Shares for $2.69 million were sold by Kenner Andrew. Another trade for 12,066 shares valued at $1.48M was sold by Bender Mark Steven. Another trade for 19,349 shares valued at $2.19 million was sold by Buesinger Robert F.. Jenkins Dorothy C sold $6,085 worth of stock or 52 shares. Mangieri George J sold 2,161 shares worth $245,079.

Investors sentiment decreased to 1.33 in 2017 Q4. Its down 0.05, from 1.38 in 2017Q3. It fall, as 37 investors sold WLK shares while 66 reduced holdings. 69 funds opened positions while 68 raised stakes. 36.26 million shares or 2.33% less from 37.12 million shares in 2017Q3 were reported. Ftb Advsrs stated it has 427 shares or 0% of all its holdings. Piedmont Investment Advisors Ltd Llc holds 23,515 shares. Rhumbline Advisers stated it has 36,207 shares or 0.01% of all its holdings. Citigroup owns 544,552 shares or 0.05% of their US portfolio. Dreman Value Management L L C holds 0.01% or 113 shares in its portfolio. Bowling Port Mgmt Ltd Llc invested in 0.43% or 30,196 shares. Keybank Association Oh has 13,552 shares. Smith Graham And Invest LP holds 89,266 shares or 0.89% of its portfolio. Kbc Group Nv invested in 0.04% or 40,967 shares. Public Sector Pension Board invested 0.01% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Bokf Na holds 0.1% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 33,136 shares. Ameriprise Fincl holds 655,300 shares or 0.03% of its portfolio. Deutsche Bankshares Ag owns 51,887 shares. Alliancebernstein Ltd Partnership invested in 50,383 shares or 0% of the stock. Martingale Asset Mgmt Lp holds 0.14% or 100,299 shares in its portfolio.

Among 19 analysts covering Westlake Chemical (NYSE:WLK), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Westlake Chemical had 64 analyst reports since July 24, 2015 according to SRatingsIntel. Bank of America maintained the shares of WLK in report on Wednesday, November 8 with “Neutral” rating. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Sector Perform” rating given on Thursday, November 5 by RBC Capital Markets. The rating was maintained by Cowen & Co with “Buy” on Tuesday, October 3. The stock has “Buy” rating by RBC Capital Markets on Wednesday, April 26. Cowen & Co maintained Westlake Chemical Corporation (NYSE:WLK) rating on Friday, January 8. Cowen & Co has “Outperform” rating and $57.0 target. Cowen & Co maintained Westlake Chemical Corporation (NYSE:WLK) rating on Wednesday, January 31. Cowen & Co has “Buy” rating and $122.0 target. The firm has “Sell” rating by UBS given on Wednesday, February 21. The company was maintained on Thursday, January 25 by RBC Capital Markets. The rating was maintained by UBS with “Sell” on Wednesday, November 8. RBC Capital Markets maintained it with “Outperform” rating and $78 target in Wednesday, August 5 report.

Carnegie Capital Asset Management Llc, which manages about $792.00M and $1.13 billion US Long portfolio, decreased its stake in Ishares Tr (IBMH) by 13,250 shares to 45,443 shares, valued at $1.15M in 2017Q4, according to the filing. It also reduced its holding in General Mls Inc (NYSE:GIS) by 8,778 shares in the quarter, leaving it with 18,495 shares, and cut its stake in Disney Walt Co (NYSE:DIS).

Among 37 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Lowe’s Companies Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Buy” rating given on Wednesday, November 22 by RBC Capital Markets. The stock has “Buy” rating by Argus Research on Thursday, August 20. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Neutral” rating by JP Morgan on Tuesday, March 6. The rating was maintained by Robert W. Baird on Wednesday, November 22 with “Buy”. RBC Capital Markets maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Monday, October 30. RBC Capital Markets has “Buy” rating and $81.0 target. The firm earned “Hold” rating on Wednesday, November 22 by Piper Jaffray. Telsey Advisory Group maintained the shares of LOW in report on Wednesday, November 22 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, August 24 by Credit Suisse. As per Wednesday, April 6, the company rating was maintained by Goldman Sachs. The firm earned “Market Perform” rating on Friday, March 2 by BMO Capital Markets.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.03, from 1.04 in 2017Q3. It turned negative, as 48 investors sold LOW shares while 437 reduced holdings. 138 funds opened positions while 351 raised stakes. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. Cobblestone Ltd Liability Co invested in 0.08% or 8,619 shares. Mrj Capital holds 58,200 shares or 2.9% of its portfolio. Bryn Mawr Tru Company invested in 0.09% or 18,229 shares. M&R Mgmt stated it has 2.13% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Liberty Mutual Grp Inc Asset Inc reported 33,648 shares. Trustmark Fincl Bank Trust Department stated it has 5,692 shares. Caprock Grp holds 0.08% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 3,827 shares. Utd Fire owns 17,000 shares or 0.52% of their US portfolio. Shellback Cap LP holds 175,000 shares. Natixis holds 0.26% or 358,098 shares. Chevy Chase reported 726,345 shares. Susquehanna Intl Ltd Liability Partnership stated it has 0.04% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Gamco Invsts Incorporated Et Al stated it has 0% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Rdl Fincl holds 26,153 shares or 1.51% of its portfolio. 15,350 were reported by Hartline Inv Corporation.

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: 247Wallst.com which released: “Can Ellison Do for Lowe’s What He Couldn’t Do for JC Penney?” on May 22, 2018, also Seekingalpha.com with their article: “Does Lowe’s Deserve A Second Chance?” published on May 24, 2018, Seekingalpha.com published: “Lowe’s: Building A Solid Foundation” on May 23, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Seekingalpha.com and their article: “Lowe’s: Another Disappointment Doesn’t Matter” published on May 24, 2018 as well as Globenewswire.com‘s news article titled: “Investigation Relating to 401(k) Plan of Lowe’s Companies, Inc. (NYSE:LOW) Announced by Stull, Stull & Brody” with publication date: May 12, 2018.

Westlake Chemical Corporation (NYSE:WLK) Institutional Positions Chart

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