As Westlake Chem Com (WLK) Stock Value Rose, Piedmont Investment Advisors Decreased Its Holding; Teradyne (TER) Holder Magnetar Financial Has Trimmed Holding by $1.10 Million

February 15, 2018 - By Nellie Frank

Piedmont Investment Advisors Llc decreased its stake in Westlake Chem Corp Com (WLK) by 30.29% based on its latest 2017Q3 regulatory filing with the SEC. Piedmont Investment Advisors Llc sold 11,090 shares as the company’s stock rose 1.98% with the market. The institutional investor held 25,518 shares of the major chemicals company at the end of 2017Q3, valued at $2.12 million, down from 36,608 at the end of the previous reported quarter. Piedmont Investment Advisors Llc who had been investing in Westlake Chem Corp Com for a number of months, seems to be less bullish one the $14.10 billion market cap company. The stock decreased 0.81% or $0.89 during the last trading session, reaching $109.18. About 714,634 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since February 15, 2017 and is uptrending. It has outperformed by 28.35% the S&P500.

Alec Litowitz decreased its stake in Teradyne Inc (TER) by 75.17% based on its latest 2017Q3 regulatory filing with the SEC. Magnetar Financial Llc sold 29,823 shares as the company’s stock rose 19.47% with the market. The hedge fund run by Alec Litowitz held 9,849 shares of the capital goods company at the end of 2017Q3, valued at $367,000, down from 39,672 at the end of the previous reported quarter. Magnetar Financial Llc who had been investing in Teradyne Inc for a number of months, seems to be less bullish one the $8.46 billion market cap company. The stock increased 0.98% or $0.42 during the last trading session, reaching $43.13. About 1.59M shares traded. Teradyne, Inc. (NYSE:TER) has risen 88.99% since February 15, 2017 and is uptrending. It has outperformed by 72.29% the S&P500.

Among 16 analysts covering Teradyne (NYSE:TER), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Teradyne had 45 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Friday, October 28 by BMO Capital Markets. The stock has “Outperform” rating by Cowen & Co on Thursday, January 26. The firm has “Buy” rating given on Monday, October 30 by Citigroup. The rating was upgraded by Evercore to “Buy” on Thursday, December 17. As per Tuesday, December 6, the company rating was maintained by Cowen & Co. Cowen & Co maintained Teradyne, Inc. (NYSE:TER) rating on Thursday, July 27. Cowen & Co has “Buy” rating and $4100 target. The rating was maintained by KeyBanc Capital Markets with “Buy” on Tuesday, September 5. On Tuesday, January 30 the stock rating was maintained by Citigroup with “Buy”. The firm has “Overweight” rating by Pacific Crest given on Monday, September 21. The company was maintained on Wednesday, August 30 by Needham.

Since August 31, 2017, it had 0 insider purchases, and 11 sales for $11.01 million activity. On Friday, October 27 Robbins Brad sold $508,179 worth of Teradyne, Inc. (NYSE:TER) or 12,045 shares. Another trade for 71,300 shares valued at $3.32 million was sold by Beecher Gregory R. $1.46M worth of Teradyne, Inc. (NYSE:TER) was sold by GILLIS EDWIN J. 15,248 shares were sold by BRADLEY MICHAEL A, worth $546,756 on Monday, September 11. Smith Gregory Stephen sold $330,763 worth of stock. $1.35M worth of Teradyne, Inc. (NYSE:TER) was sold by JAGIELA MARK E on Friday, February 2.

Magnetar Financial Llc, which manages about $13.74B and $4.45 billion US Long portfolio, upped its stake in Cracker Barrel Old Ctry Stor (NASDAQ:CBRL) by 3,470 shares to 4,759 shares, valued at $722,000 in 2017Q3, according to the filing. It also increased its holding in Energy Transfer Partners Lp by 2.62 million shares in the quarter, for a total of 2.65M shares, and has risen its stake in Henry Jack & Assoc Inc (NASDAQ:JKHY).

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.25, from 1.21 in 2017Q2. It turned negative, as 37 investors sold TER shares while 130 reduced holdings. 61 funds opened positions while 100 raised stakes. 185.56 million shares or 2.84% more from 180.44 million shares in 2017Q2 were reported. Parametric Port Assocs Limited holds 0.03% or 719,946 shares. Los Angeles Capital Mgmt And Equity Incorporated reported 877,963 shares. Peak6 Invests Lp, a Illinois-based fund reported 173,091 shares. Discovery Capital Mngmt Limited Company Ct has invested 1.44% in Teradyne, Inc. (NYSE:TER). Liberty Mutual Gru Asset Incorporated owns 52,039 shares for 0.11% of their portfolio. Dalton Greiner Hartman Maher Communication reported 669,524 shares. Herald Investment Management Limited reported 0.34% stake. Nationwide Fund Advisors has invested 0.12% in Teradyne, Inc. (NYSE:TER). Fisher Asset Management Ltd Llc reported 303,021 shares. Assetmark Inc holds 0% or 16 shares. Susquehanna Group Llp invested in 0% or 13,243 shares. Gateway Advisers Lc invested 0.09% of its portfolio in Teradyne, Inc. (NYSE:TER). Dupont Capital Mngmt invested 0% of its portfolio in Teradyne, Inc. (NYSE:TER). Waterstone Cap Limited Partnership holds 233,400 shares or 5.62% of its portfolio. 475 were accumulated by Covington Cap.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on February, 20. They expect $1.64 earnings per share, up 88.51% or $0.77 from last year’s $0.87 per share. WLK’s profit will be $211.74 million for 16.64 P/E if the $1.64 EPS becomes a reality. After $1.65 actual earnings per share reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts -0.61% negative EPS growth.

Piedmont Investment Advisors Llc, which manages about $2.73 billion and $4.71B US Long portfolio, upped its stake in Jpmorgan Chase & Co Com (NYSE:JPM) by 6,926 shares to 763,509 shares, valued at $72.92 million in 2017Q3, according to the filing. It also increased its holding in Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) by 3,076 shares in the quarter, for a total of 19,811 shares, and has risen its stake in Verizon Communications Inc Com (NYSE:VZ).

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