Robeco Institutional Asset Management Has Boosted Steel Dynamics (STLD) Stake By $352,987; Glencore Plc (GLNCY) Had 5 Bullish Analysts

April 17, 2018 - By Darrin Black

Steel Dynamics, Inc. (NASDAQ:STLD) Logo

Robeco Institutional Asset Management increased Steel Dynamics Inc (STLD) stake by 9.35% reported in 2017Q4 SEC filing. Robeco Institutional Asset Management acquired 8,209 shares as Steel Dynamics Inc (STLD)’s stock declined 0.53%. The Robeco Institutional Asset Management holds 96,024 shares with $4.14 million value, up from 87,815 last quarter. Steel Dynamics Inc now has $10.95 billion valuation. The stock increased 3.01% or $1.35 during the last trading session, reaching $46.35. About 1.45M shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 27.57% since April 17, 2017 and is uptrending. It has outperformed by 16.02% the S&P500.

Among 11 analysts covering Glencore Intl plc (OTCMKTS:GLNCY), 5 have Buy rating, 3 Sell and 3 Hold. Therefore 45% are positive. Glencore Intl plc had 22 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Neutral” on Tuesday, September 8. The stock has “Buy” rating by Jefferies on Thursday, November 10. Credit Suisse downgraded Glencore Plc (OTCMKTS:GLNCY) on Monday, July 18 to “Neutral” rating. The rating was upgraded by Liberum Capital on Thursday, September 22 to “Hold”. The rating was upgraded by Societe Generale to “Buy” on Tuesday, December 13. The firm has “Underweight” rating by JP Morgan given on Wednesday, December 14. The company was upgraded on Tuesday, September 8 by Bank of America. The rating was upgraded by Liberum Capital to “Hold” on Wednesday, August 5. The rating was upgraded by Macquarie Research on Tuesday, September 8 to “Outperform”. The rating was downgraded by Morgan Stanley to “Underweight” on Wednesday, September 21. See Glencore Plc (OTCMKTS:GLNCY) latest ratings:

Investors sentiment increased to 0.97 in Q4 2017. Its up 0.14, from 0.83 in 2017Q3. It improved, as 32 investors sold STLD shares while 158 reduced holdings. 71 funds opened positions while 113 raised stakes. 188.84 million shares or 1.01% less from 190.76 million shares in 2017Q3 were reported. Steadfast Mgmt LP accumulated 4.57M shares. Palisades Hudson Asset Mgmt Limited Partnership has invested 0.17% in Steel Dynamics, Inc. (NASDAQ:STLD). Assetmark has 59 shares for 0% of their portfolio. 65,130 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Madison Inv owns 76,500 shares for 0.06% of their portfolio. Millennium Mgmt Ltd Com owns 1.94M shares for 0.12% of their portfolio. Retirement Sys Of Alabama owns 427,605 shares. Dupont Cap Management, a Delaware-based fund reported 172,000 shares. Canada Pension Plan Investment Board holds 487,961 shares or 0.04% of its portfolio. Morgan Stanley stated it has 0.02% in Steel Dynamics, Inc. (NASDAQ:STLD). Hancock holds 0.16% or 87,599 shares. Utah Retirement Sys has invested 0.04% in Steel Dynamics, Inc. (NASDAQ:STLD). Piermont Cap Management has 0.15% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 10,330 shares. Verition Fund Mngmt Limited Liability Corporation invested 0.04% in Steel Dynamics, Inc. (NASDAQ:STLD). Gulf Financial Bank (Uk) Ltd holds 0.04% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 76,775 shares.

Robeco Institutional Asset Management decreased Wex Inc (NYSE:WEX) stake by 23,655 shares to 3,845 valued at $543,000 in 2017Q4. It also reduced Brighthouse Finl Inc stake by 6,629 shares and now owns 16,107 shares. Copart Inc (NASDAQ:CPRT) was reduced too.

Among 17 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Steel Dynamics Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, October 14 by Berenberg. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Friday, June 23 by Deutsche Bank. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Overweight” rating given on Wednesday, March 23 by KeyBanc Capital Markets. The firm has “Neutral” rating by Bank of America given on Wednesday, July 20. The company was maintained on Wednesday, March 23 by Credit Suisse. The firm earned “Buy” rating on Monday, January 8 by Bank of America. KeyBanc Capital Markets upgraded the shares of STLD in report on Friday, October 20 to “Overweight” rating. BMO Capital Markets maintained Steel Dynamics, Inc. (NASDAQ:STLD) on Tuesday, January 23 with “Buy” rating. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Friday, October 20 by Bank of America. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, June 27 report.

Steel Dynamics, Inc. (NASDAQ:STLD) Institutional Positions Chart

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