Tiedemann Wealth Management Cut Its Tallgrass Energy Partners LP (TEP) Stake; Forward Air (FWRD) Had 3 Bulls

February 15, 2018 - By Hazel Jackson

Tiedemann Wealth Management Llc decreased Tallgrass Energy Partners Lp (TEP) stake by 83.7% reported in 2017Q3 SEC filing. Tiedemann Wealth Management Llc sold 223,642 shares as Tallgrass Energy Partners Lp (TEP)’s stock declined 5.30%. The Tiedemann Wealth Management Llc holds 43,540 shares with $1.38M value, down from 267,182 last quarter. Tallgrass Energy Partners Lp now has $3.06B valuation. The stock increased 2.58% or $1.04 during the last trading session, reaching $41.34. About 468,298 shares traded or 18.61% up from the average. Tallgrass Energy Partners, LP (NYSE:TEP) has risen 2.55% since February 15, 2017 and is uptrending. It has underperformed by 14.15% the S&P500.

Among 9 analysts covering Forward Air (NASDAQ:FWRD), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Forward Air had 28 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, October 24. Cowen & Co maintained it with “Market Perform” rating and $42 target in Thursday, February 11 report. Robert W. Baird maintained it with “Hold” rating and $56.0 target in Thursday, September 14 report. The rating was maintained by Robert W. Baird with “Hold” on Friday, November 10. On Thursday, July 23 the stock rating was maintained by Cowen & Co with “Market Perform”. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, December 2 report. The company was maintained on Thursday, October 5 by Robert W. Baird. The firm has “Market Perform” rating given on Friday, October 23 by Cowen & Co. The stock of Forward Air Corporation (NASDAQ:FWRD) has “Peer Perform” rating given on Tuesday, August 1 by Wolfe Research. The firm has “Hold” rating given on Wednesday, August 9 by Cowen & Co. See Forward Air Corporation (NASDAQ:FWRD) latest ratings:

09/02/2018 Broker: Stephens Rating: Buy New Target: $74.0 Maintain
18/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $59.0 Maintain
18/01/2018 Broker: Robert W. Baird Rating: Buy Upgrade
08/01/2018 Broker: Stephens Rating: Buy New Target: $80.0 Maintain
10/11/2017 Broker: Robert W. Baird Rating: Hold New Target: $60.0 Maintain
30/10/2017 Broker: Cowen & Co Rating: Hold New Target: $54.0 Maintain
26/10/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $47 New Target: $52 Maintain
24/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
16/10/2017 Broker: Cowen & Co Rating: Hold New Target: $51.0 Maintain
05/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $60.0 Maintain

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics firm in the United State and Canada. The company has market cap of $1.64 billion. The firm operates through four divisions: Expedited LTL, Truckload Premium Services , Intermodal, and Pool Distribution. It has a 19.09 P/E ratio. The Expedited LTL segment provides expedited regional, inter-regional, and national less-than-truckload services, as well as local pick-up and delivery services.

The stock increased 0.16% or $0.09 during the last trading session, reaching $55.16. About 477,056 shares traded or 145.13% up from the average. Forward Air Corporation (NASDAQ:FWRD) has risen 16.39% since February 15, 2017 and is uptrending. It has underperformed by 0.31% the S&P500.

Since September 22, 2017, it had 0 buys, and 1 insider sale for $273,239 activity. McLean Michael P sold $273,239 worth of stock or 4,984 shares.

Investors sentiment increased to 1.9 in Q3 2017. Its up 0.60, from 1.3 in 2017Q2. It increased, as 6 investors sold Forward Air Corporation shares while 44 reduced holdings. 29 funds opened positions while 66 raised stakes. 28.18 million shares or 2.37% less from 28.87 million shares in 2017Q2 were reported. Pub Employees Retirement Sys Of Ohio has 0.02% invested in Forward Air Corporation (NASDAQ:FWRD) for 56,848 shares. Deutsche Bankshares Ag owns 0% invested in Forward Air Corporation (NASDAQ:FWRD) for 56,255 shares. Vanguard reported 0.01% of its portfolio in Forward Air Corporation (NASDAQ:FWRD). Huntington Bancshares has 2,204 shares for 0% of their portfolio. Ameriprise has invested 0.01% of its portfolio in Forward Air Corporation (NASDAQ:FWRD). Bankshares Of New York Mellon owns 421,972 shares. Cardinal Capital Mngmt has invested 0.44% in Forward Air Corporation (NASDAQ:FWRD). Riverhead Cap Management Ltd Llc owns 2,288 shares or 0.01% of their US portfolio. Fmr Llc has invested 0% of its portfolio in Forward Air Corporation (NASDAQ:FWRD). Natixis reported 4,415 shares. Cubist Systematic Strategies has invested 0.01% in Forward Air Corporation (NASDAQ:FWRD). Qs Invsts Lc owns 8,522 shares or 0% of their US portfolio. Nordea Management reported 0.02% stake. Point72 Asia (Hong Kong) holds 0% of its portfolio in Forward Air Corporation (NASDAQ:FWRD) for 9 shares. Los Angeles Cap Mgmt Equity Incorporated invested in 7,783 shares or 0% of the stock.

Analysts await Tallgrass Energy Partners, LP (NYSE:TEP) to report earnings on February, 21. They expect $0.68 EPS, up 13.33% or $0.08 from last year’s $0.6 per share. TEP’s profit will be $50.35M for 15.20 P/E if the $0.68 EPS becomes a reality. After $1.83 actual EPS reported by Tallgrass Energy Partners, LP for the previous quarter, Wall Street now forecasts -62.84% negative EPS growth.

Among 11 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Tallgrass Energy Partners LP had 48 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, April 21 by Macquarie Research. The rating was maintained by Robert W. Baird with “Buy” on Monday, October 30. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, August 2 report. The firm earned “Equal-Weight” rating on Friday, July 14 by Morgan Stanley. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, September 26. The rating was maintained by Stifel Nicolaus on Tuesday, January 5 with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, January 2. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 13. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, February 18. Stifel Nicolaus maintained the shares of TEP in report on Thursday, September 7 with “Buy” rating.

Tiedemann Wealth Management Llc increased Ishares (AOM) stake by 54,578 shares to 1.81M valued at $65.96M in 2017Q3. It also upped Pfizer Inc (NYSE:PFE) stake by 21,170 shares and now owns 126,865 shares. Vanguard Tax Managed Intl Fd (VEA) was raised too.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.14, from 1.07 in 2017Q2. It is positive, as 10 investors sold TEP shares while 42 reduced holdings. 20 funds opened positions while 43 raised stakes. 43.51 million shares or 0.36% less from 43.67 million shares in 2017Q2 were reported. Friedberg Inv Mngmt holds 4,200 shares. Global Endowment Mngmt Lp has 17,090 shares. Bush Odonnell Investment Incorporated accumulated 0.28% or 7,600 shares. Rr Advisors Limited Liability Corp reported 1.07 million shares. Commonwealth Equity Inc reported 6,226 shares. Williams Jones Assocs Ltd Co invested in 34,189 shares. Financial Bank Of America De reported 0.02% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Deutsche Bank & Trust Ag invested in 128,600 shares or 0% of the stock. Benjamin F Edwards & Inc reported 215 shares or 0% of all its holdings. Alliancebernstein LP accumulated 10,177 shares or 0% of the stock. Clearbridge Invs Ltd Llc has 0.06% invested in Tallgrass Energy Partners, LP (NYSE:TEP). 16,536 are owned by Oppenheimer Asset Mngmt. Peak6 Investments Ltd Partnership reported 0% stake. Solaris Asset Management Lc has 0.04% invested in Tallgrass Energy Partners, LP (NYSE:TEP). Ameriprise Fin holds 0% or 11,478 shares in its portfolio.

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