As Martin Marietta Matls (MLM) Market Valuation Rose, Lodge Hill Capital Raised Holding by $40.29 Million; As Fedex (FDX) Share Value Declined, Suffolk Capital Management Cut Its Position by $5.09 Million

October 12, 2017 - By Stephen Andrade

Suffolk Capital Management Llc decreased its stake in Fedex Corp (FDX) by 27.45% based on its latest 2017Q2 regulatory filing with the SEC. Suffolk Capital Management Llc sold 23,461 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 62,007 shares of the air freight and delivery services company at the end of 2017Q2, valued at $13.48M, down from 85,468 at the end of the previous reported quarter. Suffolk Capital Management Llc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $60.02B market cap company. The stock rose 0.39% or $0.86 reaching $223.54. About 138,827 shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since October 12, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.

Clint Murray increased its stake in Martin Marietta Matls Inc (MLM) by 125.52% based on its latest 2017Q2 regulatory filing with the SEC. Lodge Hill Capital Llc bought 181,500 shares as the company’s stock rose 4.98% with the market. The hedge fund run by Clint Murray held 326,100 shares of the basic industries company at the end of 2017Q2, valued at $72.58M, up from 144,600 at the end of the previous reported quarter. Lodge Hill Capital Llc who had been investing in Martin Marietta Matls Inc for a number of months, seems to be bullish on the $12.68 billion market cap company. The stock rose 0.14% or $0.29 reaching $204.02 per share. About 76,237 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since October 12, 2016 and is uptrending. It has outperformed by 6.79% the S&P500.

Among 11 analysts covering Martin Marietta (NYSE:MLM), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Martin Marietta had 20 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, August 21 by Jefferies. On Wednesday, October 11 the stock rating was initiated by Jefferies with “Buy”. The stock has “Buy” rating by SunTrust on Wednesday, October 26. The stock has “Neutral” rating by Bank of America on Wednesday, November 16. As per Wednesday, September 6, the company rating was maintained by Stifel Nicolaus. Alembic initiated Martin Marietta Materials, Inc. (NYSE:MLM) rating on Thursday, June 9. Alembic has “Overweight” rating and $220 target. Cleveland upgraded Martin Marietta Materials, Inc. (NYSE:MLM) on Monday, April 3 to “Buy” rating. The rating was maintained by Bank of America with “Buy” on Thursday, August 6. Longbow upgraded Martin Marietta Materials, Inc. (NYSE:MLM) on Friday, October 2 to “Buy” rating. Citigroup maintained it with “Buy” rating and $260 target in Monday, October 9 report.

More important recent Martin Marietta Materials, Inc. (NYSE:MLM) news were published by: Benzinga.com which released: “Jim Cramer Gives His Opinion On General Electric, Martin Marietta Materials …” on September 14, 2017, also Prnewswire.com published article titled: “Stocks Under Scanner in the General Building Materials Space — Builders …”, Nasdaq.com published: “Agree To Buy Martin Marietta Materials At $180, Earn 6.7% Annualized Using Options” on September 18, 2017. More interesting news about Martin Marietta Materials, Inc. (NYSE:MLM) was released by: Seekingalpha.com and their article: “Martin Marietta Materials (MLM) Q2 2017 Results – Earnings Call Transcript” with publication date: August 01, 2017.

Lodge Hill Capital Llc, which manages about $208.28 million and $1.33 billion US Long portfolio, decreased its stake in Wabco Hldgs Inc (Call) (NYSE:WBC) by 133,500 shares to 200,000 shares, valued at $25.50 million in 2017Q2, according to the filing. It also reduced its holding in Trinity Inds Inc (Call) (NYSE:TRN) by 250,000 shares in the quarter, leaving it with 713,000 shares, and cut its stake in Eagle Materials Inc (Call) (NYSE:EXP).

Since May 3, 2017, it had 0 insider buys, and 4 selling transactions for $4.53 million activity. The insider McCunniff Donald A. sold $334,071. $198,330 worth of Martin Marietta Materials, Inc. (NYSE:MLM) was sold by Guzzo Dana F.. The insider LLOYD ANNE H sold 6,472 shares worth $1.55 million.

Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.05, from 1.03 in 2017Q1. It is negative, as 39 investors sold MLM shares while 161 reduced holdings. 54 funds opened positions while 141 raised stakes. 58.73 million shares or 0.45% less from 58.99 million shares in 2017Q1 were reported. Fjarde Ap holds 0.04% or 9,024 shares in its portfolio. Gardner Lewis Asset Management Lp owns 0.16% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 10,905 shares. 145,182 were accumulated by Asset Management One. Green Square Cap Ltd invested in 0.14% or 3,606 shares. Advisory Serv Network Lc reported 5,218 shares. Atria Invs Ltd Limited Liability Company invested in 5,044 shares. Northern Trust reported 0.04% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Gabelli Funds Lc stated it has 5,000 shares or 0.01% of all its holdings. Strategy Asset Managers Lc invested 0.09% in Martin Marietta Materials, Inc. (NYSE:MLM). Dynamic reported 3,925 shares or 0.2% of all its holdings. Numeric Investors Limited Co reported 900 shares. First Dallas Inc has invested 0.17% in Martin Marietta Materials, Inc. (NYSE:MLM). Nordea Invest Mngmt owns 2,965 shares or 0% of their US portfolio. Icon Advisers Incorporated stated it has 39,990 shares or 0.62% of all its holdings. Norinchukin Bancorp The, Japan-based fund reported 4,346 shares.

Suffolk Capital Management Llc, which manages about $1.92B and $756.38 million US Long portfolio, upped its stake in Class C by 4,959 shares to 25,889 shares, valued at $23.53 million in 2017Q2, according to the filing. It also increased its holding in Evercore Partners Inc. (NYSE:EVR) by 6,263 shares in the quarter, for a total of 24,409 shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Investorplace.com which released: “How to Get Free Profit Delivery From FedEx Corporation (FDX) Stock” on October 06, 2017, also Fool.com with their article: “FedEx Corporation: Q1 Earnings Plunge After a Cyberattack” published on September 20, 2017, Seekingalpha.com published: “Investors scramble to assess Amazon/FedEx/UPS wildcards” on October 05, 2017. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Fool.com and their article: “The bullish case for FedEx” published on October 09, 2017 as well as Fool.com‘s news article titled: “5 Key Highlights From FedEx Corporation’s Q1 Earnings Call” with publication date: September 27, 2017.

Investors sentiment decreased to 1.01 in 2017 Q2. Its down 0.02, from 1.03 in 2017Q1. It fall, as 53 investors sold FDX shares while 373 reduced holdings. 112 funds opened positions while 318 raised stakes. 200.09 million shares or 0.41% less from 200.92 million shares in 2017Q1 were reported. Trinity Street Asset Llp accumulated 193,147 shares or 6.45% of the stock. Bowen Hanes Company accumulated 145,356 shares. Barclays Public Limited Company reported 0.1% of its portfolio in FedEx Corporation (NYSE:FDX). Hudson Valley Invest Advsrs Inc Adv reported 10,860 shares stake. Mariner Wealth Advsr Ltd Liability Corporation stated it has 0.02% in FedEx Corporation (NYSE:FDX). Amica Retiree Med Tru stated it has 0.11% in FedEx Corporation (NYSE:FDX). Deutsche State Bank Ag reported 0.19% in FedEx Corporation (NYSE:FDX). Columbus Circle Invsts stated it has 1.34% in FedEx Corporation (NYSE:FDX). Regal Limited Liability invested in 1,796 shares or 0.1% of the stock. Thompson Investment holds 0.95% or 23,365 shares in its portfolio. Roffman Miller Assocs Pa holds 3.02% or 101,374 shares. Chickasaw Cap Ltd has invested 0.02% in FedEx Corporation (NYSE:FDX). 69,007 were accumulated by Nationwide Fund Advsr. Tnb Fincl reported 21,056 shares. Botty Ltd Liability holds 0.03% or 500 shares in its portfolio.

Among 36 analysts covering FedEx (NYSE:FDX), 22 have Buy rating, 1 Sell and 13 Hold. Therefore 61% are positive. FedEx had 84 analyst reports since August 14, 2015 according to SRatingsIntel. Cowen & Co maintained FedEx Corporation (NYSE:FDX) rating on Friday, July 7. Cowen & Co has “Buy” rating and $24000 target. As per Wednesday, November 2, the company rating was initiated by Deutsche Bank. The stock has “Buy” rating by KeyBanc Capital Markets on Tuesday, October 10. The stock of FedEx Corporation (NYSE:FDX) earned “Positive” rating by Susquehanna on Thursday, March 30. UBS downgraded FedEx Corporation (NYSE:FDX) on Friday, September 15 to “Neutral” rating. The stock of FedEx Corporation (NYSE:FDX) earned “Outperform” rating by Raymond James on Friday, March 24. As per Tuesday, June 6, the company rating was initiated by Seaport Global. Cowen & Co maintained the stock with “Buy” rating in Tuesday, August 8 report. The firm has “Buy” rating given on Wednesday, September 2 by Deutsche Bank. Cowen & Co maintained the shares of FDX in report on Thursday, September 17 with “Outperform” rating.

Since May 2, 2017, it had 0 insider buys, and 1 insider sale for $25.52 million activity.

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