Makaira Partners Cut Its Valmont Industries (VMI) Holding by $19.85 Million; Share Price Declined; Stone Run Capital Trimmed Praxair (PX) Stake by $302,400; Market Value Rose

June 22, 2018 - By Linda Rogers

Praxair, Inc. (NYSE:PX) Logo

Stone Run Capital Llc decreased its stake in Praxair Inc (PX) by 4.57% based on its latest 2018Q1 regulatory filing with the SEC. Stone Run Capital Llc sold 2,100 shares as the company’s stock rose 0.80% while stock markets declined. The institutional investor held 43,875 shares of the basic industries company at the end of 2018Q1, valued at $6.33M, down from 45,975 at the end of the previous reported quarter. Stone Run Capital Llc who had been investing in Praxair Inc for a number of months, seems to be less bullish one the $45.60 billion market cap company. The stock increased 1.80% or $2.81 during the last trading session, reaching $158.68. About 611,840 shares traded. Praxair, Inc. (NYSE:PX) has risen 19.06% since June 22, 2017 and is uptrending. It has outperformed by 6.49% the S&P500. Some Historical PX News: 26/04/2018 – Praxair Declares Dividend in Second Quarter 2018; 12/04/2018 – Praxair Starts Up Gas Supply to New World-Scale Yara Freeport LLC Ammonia Plant; 08/03/2018 – LINDE LING.DE CEO SAYS HAVE NOT YET AGREED WITH REGULATORS ON EXACT SHAPE OF DIVESTITURE PORTFOLIO; 24/04/2018 – Praxair, Samsung Deal Represents Praxair’s Largest Investment in a Single Customer Project to Date; 15/05/2018 – Dynamo Cuts Praxair, Buys More Cosan Ltd: 13F; 18/04/2018 – LINDE, PRAXAIR ARE SAID TO PLAN FURTHER ASSET SALES FOR MERGER; 08/03/2018 – CVC/MESSER, CARLYLE CG.O , KKR KKR.N , ONEX ONEX.TO EXPECTED TO BID FOR ALL ASSETS ON OFFER; 10/04/2018 – It’s a Gas! Praxair, Air Products Lead in Top U.S. Gas Plant Kickoffs of 2018, an Industrial Info News Alert; 30/04/2018 – Fidelity Growth Adds G1 Therapeutics Inc., Exits Praxair; 08/03/2018 – Linde/Praxair: still evaluating format of squeeze out, sources say [16:43 GMT08 Mar 2018] [Proprietary] []

Thomas Bancroft decreased its stake in Valmont Industries Inc (VMI) by 43.07% based on its latest 2018Q1 regulatory filing with the SEC. Makaira Partners Llc sold 135,930 shares as the company’s stock declined 2.33% with the market. The hedge fund run by Thomas Bancroft held 179,680 shares of the capital goods company at the end of 2018Q1, valued at $26.29 million, down from 315,610 at the end of the previous reported quarter. Makaira Partners Llc who had been investing in Valmont Industries Inc for a number of months, seems to be less bullish one the $3.42 billion market cap company. The stock increased 0.40% or $0.6 during the last trading session, reaching $151.65. About 23,595 shares traded. Valmont Industries, Inc. (NYSE:VMI) has risen 0.24% since June 22, 2017 and is uptrending. It has underperformed by 12.33% the S&P500. Some Historical VMI News: 18/04/2018 – VALMONT 1Q ADJ EPS $1.87, EST. $1.80; 18/04/2018 – Valmont Industries Raises 2018 View To Adj EPS $8-Adj EPS $8.10; 06/03/2018 – VALMONT SEES LONG-TERM OPERATING MARGIN GREATER 12%; 18/04/2018 – Valmont Industries Raises 2018 View To EPS $7.70-EPS $7.80; 30/04/2018 – Valmont Completes Divestiture of Donhad Pty. Ltd. for AUD80M in Net Proceeds; 18/04/2018 – VALMONT INDUSTRIES INC QUARTERLY GAAP EARNINGS PER SHARE $1.72; 06/03/2018 – Valmont at Analyst Day Hosted By Seaport Today; 18/04/2018 – VALMONT INDUSTRIES INC VMI.N SEES FY 2018 GAAP SHR ABOUT $7.70 TO $7.80; 18/04/2018 – VALMONT SAYS IT MAY CONSIDER FURTHER ACTIONS TO CUT COSTS; 05/03/2018 Valmont Board Declares Quarterly Dividend

Investors sentiment decreased to 0.68 in 2018 Q1. Its down 0.44, from 1.12 in 2017Q4. It worsened, as 31 investors sold VMI shares while 89 reduced holdings. 22 funds opened positions while 60 raised stakes. 18.95 million shares or 0.41% less from 19.03 million shares in 2017Q4 were reported. Cetera Advisor Limited Liability Co invested 0.02% in Valmont Industries, Inc. (NYSE:VMI). Utah Retirement Systems invested in 0.01% or 4,119 shares. Moneta Gru Advsr Ltd Liability Corp reported 395 shares stake. Gemmer Asset Mgmt Ltd Limited Liability Company stated it has 58 shares or 0% of all its holdings. Spitfire Capital Limited Liability Company holds 33,049 shares or 2.28% of its portfolio. Renaissance Technology Ltd Company accumulated 0.02% or 111,800 shares. Peak6 Lp invested 0% of its portfolio in Valmont Industries, Inc. (NYSE:VMI). Ubs Asset Americas reported 25,497 shares. Shell Asset Mgmt holds 0.01% or 4,134 shares. Smithfield Tru Communication holds 0% or 14 shares. Vanguard Gru Inc accumulated 1.87 million shares. Moreover, Fifth Third Bank & Trust has 0% invested in Valmont Industries, Inc. (NYSE:VMI) for 168 shares. Bahl & Gaynor Incorporated stated it has 0.02% of its portfolio in Valmont Industries, Inc. (NYSE:VMI). Moreover, Panagora Asset Inc has 0.01% invested in Valmont Industries, Inc. (NYSE:VMI) for 15,875 shares. Bridgewater Associate LP accumulated 5,430 shares.

Another recent and important Valmont Industries, Inc. (NYSE:VMI) news was published by Prnewswire.com which published an article titled: “Valmont Industries, Inc. Announces Redemption of 6.625% Senior Notes due 2020” on June 11, 2018.

Among 5 analysts covering Valmont Industries Inc. (NYSE:VMI), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Valmont Industries Inc. had 15 analyst reports since January 12, 2016 according to SRatingsIntel. Boenning & Scattergood maintained the stock with “Buy” rating in Friday, August 11 report. Stifel Nicolaus maintained it with “Buy” rating and $170 target in Friday, April 21 report. The rating was maintained by Stifel Nicolaus on Thursday, July 20 with “Buy”. The rating was downgraded by Stifel Nicolaus on Monday, December 11 to “Hold”. The firm earned “Buy” rating on Friday, October 6 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, February 23. The stock of Valmont Industries, Inc. (NYSE:VMI) has “Hold” rating given on Tuesday, January 23 by Seaport Global. The stock has “Buy” rating by Stifel Nicolaus on Thursday, October 19. The firm earned “Hold” rating on Tuesday, January 16 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, April 16 report.

Makaira Partners Llc, which manages about $691.02 million and $878.50 million US Long portfolio, upped its stake in Iron Mtn Inc (NYSE:IRM) by 25,725 shares to 1.82 million shares, valued at $59.69M in 2018Q1, according to the filing.

Analysts await Valmont Industries, Inc. (NYSE:VMI) to report earnings on July, 18. They expect $2.21 EPS, up 9.95% or $0.20 from last year’s $2.01 per share. VMI’s profit will be $49.84M for 17.15 P/E if the $2.21 EPS becomes a reality. After $1.87 actual EPS reported by Valmont Industries, Inc. for the previous quarter, Wall Street now forecasts 18.18% EPS growth.

More recent Praxair, Inc. (NYSE:PX) news were published by: Seekingalpha.com which released: “CenturyLink’s Yield Is A Red Flag – Cramer’s Lightning Round (6/18/18)” on June 19, 2018. Also Businesswire.com published the news titled: “Proposed Business Combination Between Praxair, Inc. and Linde AG Receives Unconditional Antitrust Clearance in …” on June 22, 2018. Seekingalpha.com‘s news article titled: “Reuters: Taiyo Nippon, Carlyle frontrunners to buy Praxair and Linde assets” with publication date: June 20, 2018 was also an interesting one.

Stone Run Capital Llc, which manages about $170.00M and $190.50 million US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 162,300 shares to 188,855 shares, valued at $2.55 million in 2018Q1, according to the filing. It also increased its holding in Danaher Corp Del (NYSE:DHR) by 3,225 shares in the quarter, for a total of 38,530 shares, and has risen its stake in Becton Dickinson & Co (NYSE:BDX).

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 55 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Neutral” rating by UBS on Wednesday, November 18. The stock of Praxair, Inc. (NYSE:PX) has “Buy” rating given on Friday, October 27 by UBS. The company was maintained on Monday, April 30 by Citigroup. Bank of America upgraded the shares of PX in report on Saturday, January 7 to “Neutral” rating. Argus Research upgraded Praxair, Inc. (NYSE:PX) on Monday, November 13 to “Buy” rating. The firm earned “Buy” rating on Thursday, October 26 by SunTrust. On Monday, November 2 the stock rating was maintained by Barclays Capital with “Equal Weight”. The company was upgraded on Friday, August 28 by Zacks. As per Monday, April 4, the company rating was downgraded by Deutsche Bank. The stock has “Accumulate” rating by Seaport Global Securities on Wednesday, January 13.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.08, from 1.06 in 2017Q4. It fall, as 57 investors sold PX shares while 300 reduced holdings. 93 funds opened positions while 257 raised stakes. 232.95 million shares or 0.44% less from 233.99 million shares in 2017Q4 were reported. Etrade Cap Ltd invested in 0.11% or 24,569 shares. Community Retail Bank Na, New York-based fund reported 282 shares. Tocqueville Asset Mgmt LP holds 26,254 shares. Farmers Merchants Investments Incorporated reported 22,032 shares or 0.24% of all its holdings. Albert D Mason holds 1.38% of its portfolio in Praxair, Inc. (NYSE:PX) for 12,712 shares. Crestwood Gru Ltd Liability Company stated it has 1,859 shares. 31,700 were reported by Teachers Retirement System Of The State Of Kentucky. Amg Funds Lc, a Connecticut-based fund reported 16,788 shares. Sequoia Advisors Ltd Liability Corp invested 0.02% of its portfolio in Praxair, Inc. (NYSE:PX). Nichols And Pratt Advisers Limited Liability Partnership Ma reported 1.95% stake. 15,835 are owned by One Cap Management Lc. 1.86 million are held by Tiaa Cref Inv Management Llc. Sector Pension Invest Board invested in 0.06% or 62,640 shares. The Pennsylvania-based Peoples Finance Service has invested 0.01% in Praxair, Inc. (NYSE:PX). Denver Ltd Liability Corp has invested 0.02% of its portfolio in Praxair, Inc. (NYSE:PX).

Praxair, Inc. (NYSE:PX) Institutional Positions Chart

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