Towle & Co Cut Meritor (MTOR) Holding as Valuation Declined; As Halliburton Co (HAL) Stock Value Declined, Shareholder Usca Ria Has Decreased Holding

April 17, 2018 - By Adrian Mccoy

Halliburton Company (NYSE:HAL) Logo

Towle & Co decreased its stake in Meritor Inc (MTOR) by 51.11% based on its latest 2017Q4 regulatory filing with the SEC. Towle & Co sold 1.31M shares as the company’s stock declined 12.81% with the market. The institutional investor held 1.26 million shares of the capital goods company at the end of 2017Q4, valued at $29.47M, down from 2.57 million at the end of the previous reported quarter. Towle & Co who had been investing in Meritor Inc for a number of months, seems to be less bullish one the $1.88B market cap company. The stock increased 0.19% or $0.04 during the last trading session, reaching $21.07. About 270,524 shares traded. Meritor, Inc. (NYSE:MTOR) has risen 25.65% since April 17, 2017 and is uptrending. It has outperformed by 14.10% the S&P500.

Usca Ria Llc decreased its stake in Halliburton Co (HAL) by 42.52% based on its latest 2017Q4 regulatory filing with the SEC. Usca Ria Llc sold 25,887 shares as the company’s stock declined 2.35% with the market. The institutional investor held 35,000 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $1.71M, down from 60,887 at the end of the previous reported quarter. Usca Ria Llc who had been investing in Halliburton Co for a number of months, seems to be less bullish one the $44.46 billion market cap company. The stock increased 0.09% or $0.05 during the last trading session, reaching $50.81. About 2.75 million shares traded. Halliburton Company (NYSE:HAL) has declined 1.88% since April 17, 2017 and is downtrending. It has underperformed by 13.43% the S&P500.

Among 11 analysts covering Meritor (NYSE:MTOR), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Meritor had 46 analyst reports since August 14, 2015 according to SRatingsIntel. RBC Capital Markets maintained Meritor, Inc. (NYSE:MTOR) rating on Wednesday, July 19. RBC Capital Markets has “Buy” rating and $2200 target. On Tuesday, December 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Neutral” rating given on Thursday, November 12 by UBS. As per Thursday, October 12, the company rating was downgraded by Longbow. RBC Capital Markets maintained Meritor, Inc. (NYSE:MTOR) rating on Sunday, September 3. RBC Capital Markets has “Buy” rating and $23.0 target. The firm has “Buy” rating by Stifel Nicolaus given on Friday, February 9. The firm earned “Underweight” rating on Tuesday, June 28 by Piper Jaffray. The stock of Meritor, Inc. (NYSE:MTOR) earned “Buy” rating by RBC Capital Markets on Monday, April 16. On Wednesday, January 31 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Monday, October 16, the company rating was maintained by RBC Capital Markets.

Analysts await Meritor, Inc. (NYSE:MTOR) to report earnings on May, 3 before the open. They expect $0.66 EPS, up 88.57% or $0.31 from last year’s $0.35 per share. MTOR’s profit will be $58.86 million for 7.98 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by Meritor, Inc. for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Investors sentiment decreased to 1.41 in Q4 2017. Its down 0.37, from 1.78 in 2017Q3. It turned negative, as 30 investors sold MTOR shares while 58 reduced holdings. 47 funds opened positions while 77 raised stakes. 80.86 million shares or 3.23% less from 83.56 million shares in 2017Q3 were reported. Capstone Ltd Llc reported 0.01% of its portfolio in Meritor, Inc. (NYSE:MTOR). Los Angeles Equity Inc reported 13,033 shares or 0% of all its holdings. 124,767 were reported by Employees Retirement Of Ohio. Hancock Holding invested in 0.06% or 57,201 shares. Balyasny Asset Lc reported 0% in Meritor, Inc. (NYSE:MTOR). Moreover, Swiss Natl Bank has 0% invested in Meritor, Inc. (NYSE:MTOR). Boothbay Fund Mngmt Llc reported 8,795 shares. California State Teachers Retirement Sys invested 0.01% of its portfolio in Meritor, Inc. (NYSE:MTOR). Caxton LP invested in 16,843 shares. Hbk Invs Ltd Partnership owns 208,400 shares. Citigroup Inc holds 0.03% of its portfolio in Meritor, Inc. (NYSE:MTOR) for 1.45M shares. Glenview Cap Management Lc accumulated 4.86 million shares. Pnc Grp Inc invested 0% of its portfolio in Meritor, Inc. (NYSE:MTOR). James Investment Rech Inc owns 114,273 shares. Laurion Cap Mngmt Ltd Partnership reported 0% stake.

Towle & Co, which manages about $544.94M and $1.01B US Long portfolio, upped its stake in Trinseo Sa (NYSE:TSE) by 15,040 shares to 895,445 shares, valued at $65.01M in 2017Q4, according to the filing. It also increased its holding in Unisys Corporation (NYSE:UIS) by 239,302 shares in the quarter, for a total of 3.22M shares, and has risen its stake in Sonic Automotive Inc (NYSE:SAH).

Since December 11, 2017, it had 0 buys, and 7 sales for $8.51 million activity. 18,000 Meritor, Inc. (NYSE:MTOR) shares with value of $515,009 were sold by Villavarayan Chris. 15,826 shares were sold by Plomin Joseph A., worth $405,856. $1.45M worth of stock was sold by Nowlan Kevin on Friday, February 2.

Usca Ria Llc, which manages about $950.89M and $906.03M US Long portfolio, upped its stake in Blackstone Gso Flting Rte Fu (BSL) by 20,605 shares to 78,701 shares, valued at $1.42 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (IJK) by 3,532 shares in the quarter, for a total of 16,293 shares, and has risen its stake in Spdr Series Trust (SLYG).

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.30, from 0.85 in 2017Q3. It increased, as 54 investors sold HAL shares while 283 reduced holdings. 125 funds opened positions while 261 raised stakes. 675.47 million shares or 0.60% less from 679.57 million shares in 2017Q3 were reported. Wesbanco National Bank Incorporated has invested 0.24% in Halliburton Company (NYSE:HAL). Sirios Mngmt Ltd Partnership reported 0.71% of its portfolio in Halliburton Company (NYSE:HAL). Qci Asset Mngmt New York accumulated 0% or 899 shares. New York-based Strategic Financial Service has invested 0.05% in Halliburton Company (NYSE:HAL). First Natl Trust, a Pennsylvania-based fund reported 22,163 shares. Capstone Investment Advsrs Limited Liability stated it has 0.02% in Halliburton Company (NYSE:HAL). Barr E S & holds 0.02% in Halliburton Company (NYSE:HAL) or 4,337 shares. Bessemer Incorporated stated it has 327,493 shares or 0.06% of all its holdings. Vantage Invest Advisors Llc holds 538 shares or 0.01% of its portfolio. Fiduciary Trust invested in 0.18% or 125,221 shares. Van Den Berg Mngmt I Incorporated, Texas-based fund reported 224,582 shares. Proshare Advisors Limited Co invested in 0.08% or 245,847 shares. Water Island Limited has invested 0.01% in Halliburton Company (NYSE:HAL). Brinker Capital has invested 0.18% in Halliburton Company (NYSE:HAL). Cullen Mgmt Ltd Liability Co reported 0.03% of its portfolio in Halliburton Company (NYSE:HAL).

Analysts await Halliburton Company (NYSE:HAL) to report earnings on April, 23 before the open. They expect $0.41 earnings per share, up 925.00% or $0.37 from last year’s $0.04 per share. HAL’s profit will be $358.78M for 30.98 P/E if the $0.41 EPS becomes a reality. After $0.53 actual earnings per share reported by Halliburton Company for the previous quarter, Wall Street now forecasts -22.64% negative EPS growth.

Among 42 analysts covering Halliburton Company (NYSE:HAL), 37 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Halliburton Company had 152 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Buy” on Thursday, June 29. The firm earned “Buy” rating on Thursday, July 20 by Seaport Global. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, April 6. The stock of Halliburton Company (NYSE:HAL) earned “Sector Perform” rating by Howard Weil on Thursday, October 20. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by RBC Capital Markets on Friday, June 23. FBR Capital upgraded Halliburton Company (NYSE:HAL) on Tuesday, May 17 to “Outperform” rating. The stock has “Buy” rating by Scotia Capital on Thursday, March 23. The rating was maintained by Morgan Stanley on Thursday, October 20 with “Overweight”. Oppenheimer maintained Halliburton Company (NYSE:HAL) on Tuesday, January 26 with “Outperform” rating. As per Thursday, October 20, the company rating was maintained by Nomura.

Halliburton Company (NYSE:HAL) Institutional Positions Chart

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