As Astec Inds (ASTE) Stock Price Declined, Shareholder Prudential Financial Lowered Its Position by $1.87 Million; Dynegy New Del (DYN) Market Value Rose While Phoenix Investment Adviser Has Decreased Position

February 17, 2018 - By wolcottdaily

Prudential Financial Inc decreased its stake in Astec Inds Inc (ASTE) by 27.18% based on its latest 2017Q3 regulatory filing with the SEC. Prudential Financial Inc sold 33,350 shares as the company’s stock declined 18.86% while stock markets rallied. The institutional investor held 89,357 shares of the capital goods company at the end of 2017Q3, valued at $5.00M, down from 122,707 at the end of the previous reported quarter. Prudential Financial Inc who had been investing in Astec Inds Inc for a number of months, seems to be less bullish one the $1.42 billion market cap company. The stock increased 1.99% or $1.2 during the last trading session, reaching $61.61. About 222,546 shares traded or 13.67% up from the average. Astec Industries, Inc. (NASDAQ:ASTE) has risen 11.92% since February 17, 2017 and is uptrending. It has underperformed by 4.78% the S&P500.

Phoenix Investment Adviser Llc decreased its stake in Dynegy Inc New Del (DYN) by 44.32% based on its latest 2017Q3 regulatory filing with the SEC. Phoenix Investment Adviser Llc sold 92,400 shares as the company’s stock rose 0.88% with the market. The hedge fund held 116,100 shares of the central company at the end of 2017Q3, valued at $1.14 million, down from 208,500 at the end of the previous reported quarter. Phoenix Investment Adviser Llc who had been investing in Dynegy Inc New Del for a number of months, seems to be less bullish one the $1.59B market cap company. The stock increased 0.92% or $0.11 during the last trading session, reaching $12.13. About 1.25M shares traded. Dynegy Inc. (NYSE:DYN) has declined 49.83% since February 17, 2017 and is downtrending. It has underperformed by 66.53% the S&P500.

Among 14 analysts covering Dynegy (NYSE:DYN), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. Dynegy had 49 analyst reports since August 9, 2015 according to SRatingsIntel. UBS maintained the shares of DYN in report on Thursday, September 15 with “Neutral” rating. The company was upgraded on Tuesday, October 31 by Deutsche Bank. The rating was downgraded by UBS to “Neutral” on Thursday, June 9. Barclays Capital maintained Dynegy Inc. (NYSE:DYN) rating on Friday, March 18. Barclays Capital has “Overweight” rating and $18 target. The company was initiated on Friday, January 29 by Guggenheim. Citigroup upgraded the shares of DYN in report on Friday, December 18 to “Buy” rating. The stock has “Neutral” rating by SunTrust on Friday, October 16. Citigroup upgraded the shares of DYN in report on Wednesday, June 29 to “Buy” rating. The firm has “Buy” rating given on Wednesday, August 24 by Suntrust Robinson. The rating was initiated by Citigroup on Friday, September 18 with “Neutral”.

Analysts await Dynegy Inc. (NYSE:DYN) to report earnings on February, 22. They expect $-0.34 EPS, up 51.43% or $0.36 from last year’s $-0.7 per share. After $-0.51 actual EPS reported by Dynegy Inc. for the previous quarter, Wall Street now forecasts -33.33% EPS growth.

Phoenix Investment Adviser Llc, which manages about $1.28B and $128.46M US Long portfolio, upped its stake in Autoliv Inc (NYSE:ALV) by 3,000 shares to 8,000 shares, valued at $989,000 in 2017Q3, according to the filing.

Investors sentiment increased to 1.52 in 2017 Q3. Its up 0.34, from 1.18 in 2017Q2. It increased, as 21 investors sold DYN shares while 39 reduced holdings. 38 funds opened positions while 53 raised stakes. 122.86 million shares or 2.97% less from 126.61 million shares in 2017Q2 were reported. Lasry Marc has invested 29.25% in Dynegy Inc. (NYSE:DYN). Manufacturers Life The has invested 0% in Dynegy Inc. (NYSE:DYN). Peak6 LP reported 0.01% of its portfolio in Dynegy Inc. (NYSE:DYN). Glenmede Trust Na has invested 0% in Dynegy Inc. (NYSE:DYN). Oppenheimer Asset Mngmt holds 0% of its portfolio in Dynegy Inc. (NYSE:DYN) for 14,813 shares. Prudential Fincl Inc has invested 0% of its portfolio in Dynegy Inc. (NYSE:DYN). Mcclain Value Mngmt Lc has 335,228 shares for 4.62% of their portfolio. Barclays Public Ltd Company holds 471,294 shares or 0% of its portfolio. Bbt Cap Mgmt Ltd Liability Company stated it has 0.49% in Dynegy Inc. (NYSE:DYN). Advsrs Asset Mgmt Inc accumulated 0% or 24,002 shares. Secor Capital Advsrs Limited Partnership invested in 0.02% or 17,129 shares. Hotchkis And Wiley Capital Mngmt Llc accumulated 19,122 shares or 0% of the stock. Amalgamated Natl Bank holds 0% or 13,786 shares. Dupont Cap Management Corporation accumulated 294,552 shares. Alliancebernstein Lp holds 291,918 shares.

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.10, from 1.18 in 2017Q2. It is positive, as 26 investors sold ASTE shares while 39 reduced holdings. 22 funds opened positions while 61 raised stakes. 17.44 million shares or 0.86% less from 17.59 million shares in 2017Q2 were reported. State Street Corporation holds 0% or 491,034 shares. Moreover, Phocas Fincl has 0.84% invested in Astec Industries, Inc. (NASDAQ:ASTE). 2,190 are held by Cornerstone Mngmt Llc. Us State Bank De invested in 17,704 shares or 0% of the stock. State Of Tennessee Treasury Department holds 16,677 shares. Art Limited Com accumulated 3,900 shares or 0.01% of the stock. Engines Advsr Ltd Liability Company reported 0.01% in Astec Industries, Inc. (NASDAQ:ASTE). Ny State Common Retirement Fund stated it has 0% in Astec Industries, Inc. (NASDAQ:ASTE). Invesco Ltd invested in 28,984 shares or 0% of the stock. 16,338 are owned by Manufacturers Life Insur The. Aqr Management Ltd Liability Corp reported 205,207 shares. Supplemental Annuity Collective Trust Of Nj accumulated 0.54% or 22,000 shares. Arizona State Retirement System reported 0.01% stake. Tiaa Cref Invest Mgmt Ltd Liability Corp reported 149,162 shares stake. Moreover, D E Shaw & has 0.01% invested in Astec Industries, Inc. (NASDAQ:ASTE).

Among 9 analysts covering Astec Industries (NASDAQ:ASTE), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Astec Industries had 19 analyst reports since July 22, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of ASTE in report on Friday, November 10 with “Buy” rating. Robert W. Baird upgraded the shares of ASTE in report on Tuesday, October 3 to “Outperform” rating. The firm has “Buy” rating by Stifel Nicolaus given on Monday, August 31. Robert W. Baird maintained the stock with “Buy” rating in Thursday, January 4 report. The stock has “Neutral” rating by Seaport Global on Wednesday, July 6. As per Tuesday, July 19, the company rating was downgraded by Robert W. Baird. The firm has “Buy” rating given on Wednesday, July 5 by Stifel Nicolaus. The stock of Astec Industries, Inc. (NASDAQ:ASTE) has “Buy” rating given on Tuesday, October 20 by Maxim Group. Stifel Nicolaus maintained Astec Industries, Inc. (NASDAQ:ASTE) on Tuesday, October 3 with “Buy” rating. The rating was maintained by William Blair on Tuesday, February 13 with “Buy”.

Prudential Financial Inc, which manages about $9.16B US Long portfolio, upped its stake in Bioverativ Inc by 185,700 shares to 875,036 shares, valued at $49.94M in 2017Q3, according to the filing. It also increased its holding in Blucora Inc (NASDAQ:BCOR) by 59,420 shares in the quarter, for a total of 655,513 shares, and has risen its stake in Fortinet Inc (NASDAQ:FTNT).

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