Navellier & Associates Raised Its Applied Materials (AMAT) Holding by $1.34 Million; Valero Energy New (VLO) Shareholder Pitcairn Company Has Trimmed Holding

February 23, 2018 - By wolcottdaily

Louis Navellier increased its stake in Applied Materials Inc. (AMAT) by 23.74% based on its latest 2017Q3 regulatory filing with the SEC. Navellier & Associates Inc bought 25,803 shares as the company’s stock rose 23.58% with the market. The hedge fund run by Louis Navellier held 134,492 shares of the technology company at the end of 2017Q3, valued at $7.01 million, up from 108,689 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in Applied Materials Inc. for a number of months, seems to be bullish on the $59.50B market cap company. The stock increased 0.89% or $0.5 during the last trading session, reaching $56.57. About 6.62 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since February 23, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Pitcairn Company decreased its stake in Valero Energy Corp New (VLO) by 7.63% based on its latest 2017Q3 regulatory filing with the SEC. Pitcairn Company sold 4,378 shares as the company’s stock declined 2.47% while stock markets rallied. The institutional investor held 52,964 shares of the integrated oil company at the end of 2017Q3, valued at $4.08 million, down from 57,342 at the end of the previous reported quarter. Pitcairn Company who had been investing in Valero Energy Corp New for a number of months, seems to be less bullish one the $40.20 billion market cap company. The stock decreased 0.20% or $0.184 during the last trading session, reaching $91.866. About 699,049 shares traded. Valero Energy Corporation (NYSE:VLO) has risen 15.29% since February 23, 2017 and is uptrending. It has underperformed by 1.41% the S&P500.

Pitcairn Company, which manages about $882.92 million US Long portfolio, upped its stake in Dexcom Inc (NASDAQ:DXCM) by 14,260 shares to 29,958 shares, valued at $1.47M in 2017Q3, according to the filing. It also increased its holding in American Tower (NYSE:AMT) by 2,624 shares in the quarter, for a total of 6,354 shares, and has risen its stake in Intuitive Surgical Inc (NASDAQ:ISRG).

Since September 6, 2017, it had 0 buys, and 5 insider sales for $27.57 million activity. CISKOWSKI MICHAEL S also sold $3.86M worth of Valero Energy Corporation (NYSE:VLO) on Tuesday, September 19.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on April, 24. They expect $1.33 EPS, up 95.59% or $0.65 from last year’s $0.68 per share. VLO’s profit will be $581.99 million for 17.27 P/E if the $1.33 EPS becomes a reality. After $1.16 actual EPS reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts 14.66% EPS growth.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.19, from 1.19 in 2017Q2. It is negative, as 46 investors sold VLO shares while 310 reduced holdings. 97 funds opened positions while 258 raised stakes. 342.98 million shares or 0.60% less from 345.06 million shares in 2017Q2 were reported. Jennison Associates Limited Liability Com has invested 0.03% in Valero Energy Corporation (NYSE:VLO). Wright Investors Service Inc invested in 0.45% or 16,045 shares. Moreover, Ny State Teachers Retirement System has 0.16% invested in Valero Energy Corporation (NYSE:VLO). Johnson Fin Group Inc holds 0.4% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 39,456 shares. Voloridge Mgmt Ltd Limited Liability Company accumulated 17,373 shares or 0.03% of the stock. Loomis Sayles And LP invested in 0% or 16,833 shares. Ferguson Wellman Cap Mngmt Inc invested 0.01% in Valero Energy Corporation (NYSE:VLO). Moreover, Apg Asset Management Nv has 0.61% invested in Valero Energy Corporation (NYSE:VLO) for 4.81M shares. Fjarde Ap holds 112,029 shares. Bollard Gru Limited Liability stated it has 70,475 shares or 0.29% of all its holdings. Employees Retirement Association Of Colorado invested in 0.05% or 82,112 shares. Mariner Wealth Advsr reported 0.14% stake. 6,255 were accumulated by Wetherby Asset Inc. The Indiana-based Tru Invest Advsrs has invested 1.52% in Valero Energy Corporation (NYSE:VLO). 78,115 were reported by Hennessy Advsr Incorporated.

Among 22 analysts covering Valero Energy Corporation (NYSE:VLO), 11 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive. Valero Energy Corporation had 71 analyst reports since July 24, 2015 according to SRatingsIntel. Citigroup maintained Valero Energy Corporation (NYSE:VLO) rating on Monday, July 17. Citigroup has “Buy” rating and $68 target. The firm has “Outperform” rating given on Friday, July 24 by Macquarie Research. RBC Capital Markets maintained Valero Energy Corporation (NYSE:VLO) rating on Thursday, August 31. RBC Capital Markets has “Buy” rating and $77.0 target. The rating was upgraded by Tudor Pickering on Wednesday, November 16 to “Buy”. The stock of Valero Energy Corporation (NYSE:VLO) has “Buy” rating given on Thursday, December 21 by Scotia Capital. The rating was downgraded by J.P. Morgan on Friday, October 6 to “Hold”. The firm has “Neutral” rating given on Friday, October 6 by JP Morgan. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, November 14 report. Cowen & Co maintained it with “Outperform” rating and $90 target in Thursday, September 28 report. The firm has “Hold” rating given on Thursday, September 28 by Piper Jaffray.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.24, from 0.82 in 2017Q2. It improved, as 40 investors sold AMAT shares while 325 reduced holdings. 123 funds opened positions while 263 raised stakes. 811.15 million shares or 1.86% less from 826.54 million shares in 2017Q2 were reported. 1,192 were reported by Brown Brothers Harriman And. Bailard accumulated 77,968 shares. Finemark Savings Bank, Florida-based fund reported 24,990 shares. Pillar Pacific Mgmt Lc reported 230,493 shares. Fred Alger Mgmt Inc accumulated 1% or 4.10M shares. Paradigm Advisors Limited Liability Com invested 0.25% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Stonebridge Capital Management accumulated 21,638 shares. Carroll Fincl Assoc invested 0.43% in Applied Materials, Inc. (NASDAQ:AMAT). State Of Tennessee Treasury Department accumulated 1.75M shares. Moreover, Sterling Limited Company has 0.09% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 188,418 shares. Westwood Management Corp Il holds 0.43% or 55,000 shares. Kingfisher Capital Limited Liability Corporation, North Carolina-based fund reported 5,206 shares. 15,300 were accumulated by Central Asset And Mgmt (Hk) Ltd. Cibc Inc has invested 0.02% in Applied Materials, Inc. (NASDAQ:AMAT). Verition Fund Ltd Liability Corporation holds 0.35% or 84,548 shares in its portfolio.

Since October 5, 2017, it had 0 buys, and 4 selling transactions for $11.03 million activity. Salehpour Ali also sold $6.44 million worth of Applied Materials, Inc. (NASDAQ:AMAT) on Friday, December 29. Forrest Stephen R also sold $214,680 worth of Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, January 3. The insider Nalamasu Omkaram sold $2.83 million.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 28 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Applied Materials Inc. had 116 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, September 28 by B. Riley & Co. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Deutsche Bank on Thursday, October 12. The firm earned “Sector Perform” rating on Friday, August 19 by RBC Capital Markets. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Sector Perform” rating by RBC Capital Markets on Friday, June 10. Deutsche Bank maintained the stock with “Buy” rating in Friday, November 17 report. On Friday, September 29 the stock rating was maintained by Nomura with “Buy”. Credit Agricole upgraded the stock to “Buy” rating in Friday, September 25 report. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Outperform” rating by CLSA on Thursday, December 10. The firm has “Buy” rating given on Friday, May 20 by B. Riley & Co. The rating was maintained by B. Riley & Co on Friday, February 19 with “Neutral”.

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