Anchor Bolt Capital Lp Increased Applied Indl Technologies In (AIT) Stake by $10.17 Million; Seaspan (SSW) Covered By 4 Bullish Analysts Last Week

May 18, 2018 - By Adrian Erickson

Applied Industrial Technologies, Inc. (NYSE:AIT) Logo

Among 13 analysts covering Seaspan (NYSE:SSW), 4 have Buy rating, 3 Sell and 6 Hold. Therefore 31% are positive. Seaspan had 22 analyst reports since September 18, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, January 24 by Seaport Global. Bank of America upgraded it to “Buy” rating and $1000 target in Thursday, May 3 report. The stock of Seaspan Corporation (NYSE:SSW) has “Underweight” rating given on Monday, February 12 by Morgan Stanley. The stock of Seaspan Corporation (NYSE:SSW) earned “Underweight” rating by Morgan Stanley on Monday, March 26. The stock of Seaspan Corporation (NYSE:SSW) has “Underperform” rating given on Monday, May 1 by Credit Suisse. The firm has “Hold” rating by BB&T Capital given on Friday, September 18. The rating was maintained by Bank of America on Thursday, March 15 with “Underperform”. The rating was maintained by Stifel Nicolaus on Tuesday, October 10 with “Hold”. As per Wednesday, February 1, the company rating was initiated by Morgan Stanley. Citigroup maintained the stock with “Neutral” rating in Friday, May 4 report. See Seaspan Corporation (NYSE:SSW) latest ratings:

04/05/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $7 New Target: $8.5 Maintain
03/05/2018 Broker: Bank of America Rating: Buy New Target: $10.0000 Upgrade
19/04/2018 Broker: Deutsche Bank Rating: Buy New Target: $13.0000 Upgrade
26/03/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $6 New Target: $5.5 Maintain
15/03/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $6 New Target: $6.2 Maintain
02/03/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $7 New Target: $6 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $5.5 New Target: $6 Maintain
24/01/2018 Broker: Seaport Global Old Rating: Neutral New Rating: Buy Upgrade
18/12/2017 Broker: Jefferies Old Rating: Buy New Rating: Buy New Target: $20 Reinitiate

Anchor Bolt Capital Lp increased Applied Indl Technologies In (NYSE:AIT) stake by 71.89% reported in 2018Q1 SEC filing. Anchor Bolt Capital Lp acquired 141,319 shares as Applied Indl Technologies In (NYSE:AIT)’s stock rose 11.73%. The Anchor Bolt Capital Lp holds 337,893 shares with $24.63M value, up from 196,574 last quarter. Applied Indl Technologies In now has $2.75B valuation. The stock decreased 0.28% or $0.2 during the last trading session, reaching $71.1. About 189,635 shares traded. Applied Industrial Technologies, Inc. (NYSE:AIT) has risen 19.34% since May 18, 2017 and is uptrending. It has outperformed by 7.79% the S&P500.

Investors sentiment decreased to 1.18 in Q4 2017. Its down 0.03, from 1.21 in 2017Q3. It turned negative, as 19 investors sold AIT shares while 70 reduced holdings. 37 funds opened positions while 68 raised stakes. 31.81 million shares or 1.73% less from 32.37 million shares in 2017Q3 were reported. 4,285 were reported by Meeder Asset Mgmt Inc. Teacher Retirement Systems Of Texas has 0.01% invested in Applied Industrial Technologies, Inc. (NYSE:AIT) for 13,367 shares. Blackrock Inc holds 0.02% of its portfolio in Applied Industrial Technologies, Inc. (NYSE:AIT) for 6.06M shares. Proshare Advsr Ltd Liability Co holds 7,148 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corp stated it has 20,300 shares or 0.01% of all its holdings. First Tru Advsrs Ltd Partnership accumulated 27,849 shares. Quantbot Technology Limited Partnership invested in 0.05% or 7,559 shares. State Board Of Administration Of Florida Retirement Systems invested in 0.01% or 33,496 shares. Vanguard has invested 0.01% in Applied Industrial Technologies, Inc. (NYSE:AIT). Millennium Mgmt Ltd Com holds 0.03% or 338,739 shares. Martingale Asset Mgmt L P reported 84,608 shares stake. Royal Bank Of Canada reported 596,454 shares. Moreover, Whittier Trust has 0% invested in Applied Industrial Technologies, Inc. (NYSE:AIT) for 143 shares. Ameriprise Financial holds 308,591 shares. Bowling Portfolio Mngmt Limited Com invested in 0.03% or 3,093 shares.

Applied Industrial Technologies, Inc. distributes industrial products in the United States, Puerto Rico, Canada, Mexico, Australia, New Zealand, and Singapore. The company has market cap of $2.75 billion. The firm offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It has a 19.01 P/E ratio. It operates in two divisions, Service Center-Based Distribution and Fluid Power Businesses.

Robert Polak manages Anchor Bolt Capital out of Chicago, IL. Anchor Bolt Capital was founded in 2012. Robert Polak previously worked at Copper Arch Capital, NWQ Investment Management, Salomon Brothers and with Ken Griffin at Citadel. He was manager of Citadel’s global industrials investments. Anchor Bolt Capital Lp is a Illinois-based hedge fund that was founded by Robert Polak. It had more than $849.21 million assets under management in April, 2014. Taken from Anchor Bolt Capital latest Adv, the fund reported to have 10 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Anchor Bolt Capital Lp decreased Knight Swift Transn Hldgs In () stake by 378,682 shares to 987,154 valued at $45.42 million in 2018Q1. It also reduced Carlisle Cos Inc (NYSE:CSL) stake by 299,185 shares and now owns 248,660 shares. General Mtrs Co (Call) (NYSE:GM) was reduced too.

Since February 2, 2018, it had 1 insider purchase, and 4 sales for $1.32 million activity. Another trade for 3,800 shares valued at $285,000 was sold by BARLETT TODD A. $511,404 worth of Applied Industrial Technologies, Inc. (NYSE:AIT) shares were sold by KELLY GREEN EDITH. 1,585 shares were bought by Raver Joe Anthony, worth $100,172. 5,000 shares were sold by BAUER FRED D, worth $375,000. HILTZ L THOMAS also sold $252,248 worth of Applied Industrial Technologies, Inc. (NYSE:AIT) on Friday, February 2.

Among 4 analysts covering Applied Industrial Technologies (NYSE:AIT), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Applied Industrial Technologies had 8 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by KeyBanc Capital Markets on Friday, September 15. The rating was upgraded by Longbow to “Underperform” on Wednesday, August 12. The firm has “Hold” rating given on Monday, October 16 by KeyBanc Capital Markets. BB&T Capital downgraded the stock to “Hold” rating in Monday, October 26 report. The stock of Applied Industrial Technologies, Inc. (NYSE:AIT) has “Sector Weight” rating given on Tuesday, July 21 by KeyBanc Capital Markets. The company was maintained on Monday, March 21 by Avondale. The firm earned “Gradually Accumulate” rating on Wednesday, December 27 by Wellington Shields.

More recent Seaspan Corporation (NYSE:SSW) news were published by: Prnewswire.com which released: “Seaspan Accepts Delivery of Third 10000 TEU SAVER Containership in Four Ship Series” on May 18, 2018. Also Seekingalpha.com published the news titled: “Seaspan Corporation 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018. Seekingalpha.com‘s news article titled: “Seaspan Corporation: A Low-Risk 5.48% Yield-To-Maturity For One Year” with publication date: May 07, 2018 was also an interesting one.

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company has market cap of $1.17 billion. The firm charters its containerships under long-term, fixed-rate time charters to various container liner companies. It currently has negative earnings. As of May 26, 2017, it operated a fleet of 89 containerships.

The stock increased 1.06% or $0.09 during the last trading session, reaching $8.62. About 1.31 million shares traded. Seaspan Corporation (NYSE:SSW) has risen 4.08% since May 18, 2017 and is uptrending. It has underperformed by 7.47% the S&P500.

Seaspan Corporation (NYSE:SSW) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: