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Clearbridge Investments Has Trimmed Trex Co (TREX) Position; 1ST Source (SRCE) Sentiment Is 1.13

1st Source Corporation operates as the bank holding firm for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. The company has market cap of $1.33 billion. The Company’s consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; on-line and mobile banking products; automated teller machine services; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other consultative services. It has a 19.78 P/E ratio. The firm also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and acquisition financing; and commercial leasing, treasury management, and retirement planning services.

Clearbridge Investments Llc decreased Trex Co Inc (TREX) stake by 0.69% reported in 2017Q3 SEC filing. Clearbridge Investments Llc sold 12,689 shares as Trex Co Inc (TREX)’s stock declined 9.07%. The Clearbridge Investments Llc holds 1.83M shares with $164.86M value, down from 1.84M last quarter. Trex Co Inc now has $3.31B valuation. The stock decreased 0.59% or $0.67 during the last trading session, reaching $112.61. About 206,612 shares traded. Trex Company, Inc. (NYSE:TREX) has risen 51.54% since February 19, 2017 and is uptrending. It has outperformed by 34.84% the S&P500.

Clearbridge Investments Llc increased Citigroup Inc (NYSE:C) stake by 252,202 shares to 6.57M valued at $478.14M in 2017Q3. It also upped Spectra Energy Partners Lp (NYSE:SEP) stake by 409,610 shares and now owns 885,625 shares. Lazard Ltd (NYSE:LAZ) was raised too.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.11, from 1.24 in 2017Q2. It is positive, as 14 investors sold TREX shares while 63 reduced holdings. 31 funds opened positions while 73 raised stakes. 25.84 million shares or 3.17% less from 26.69 million shares in 2017Q2 were reported. Guggenheim Cap Lc accumulated 38,072 shares or 0.01% of the stock. Greenwood Cap Limited Liability Corporation owns 2,245 shares. Rhumbline Advisers holds 0.01% or 63,063 shares. Manufacturers Life Insurance The stated it has 0% of its portfolio in Trex Company, Inc. (NYSE:TREX). Renaissance Grp Inc accumulated 4,857 shares or 0.02% of the stock. Comml Bank Of America Corp De invested in 193,618 shares or 0% of the stock. Alliancebernstein Ltd Partnership accumulated 69,010 shares. Paloma Prtnrs reported 7,453 shares. Oppenheimer And Inc holds 0.02% or 8,360 shares in its portfolio. Renaissance Technology Ltd Liability Corp, New York-based fund reported 45,800 shares. 2,312 were reported by Pnc Financial Ser. California Pub Employees Retirement System holds 0.02% or 125,798 shares in its portfolio. Envestnet Asset holds 0% in Trex Company, Inc. (NYSE:TREX) or 4,875 shares. Bnp Paribas Arbitrage reported 15,578 shares. Curbstone Fincl Mgmt stated it has 9,200 shares or 0.24% of all its holdings.

Analysts await Trex Company, Inc. (NYSE:TREX) to report earnings on February, 20. They expect $0.54 earnings per share, up 25.58% or $0.11 from last year’s $0.43 per share. TREX’s profit will be $15.88 million for 52.13 P/E if the $0.54 EPS becomes a reality. After $0.68 actual earnings per share reported by Trex Company, Inc. for the previous quarter, Wall Street now forecasts -20.59% negative EPS growth.

Since January 16, 2018, it had 0 buys, and 1 sale for $123,735 activity. 1,058 shares valued at $123,735 were sold by GRATZ JAY M on Tuesday, January 16.

Among 9 analysts covering Trex Co (NYSE:TREX), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Trex Co had 22 analyst reports since September 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Seaport Global Securities on Tuesday, November 22. The firm earned “Hold” rating on Tuesday, October 31 by Stifel Nicolaus. The firm earned “Outperform” rating on Thursday, September 24 by Wedbush. The firm has “Strong Buy” rating given on Thursday, October 1 by CLSA. Stifel Nicolaus maintained Trex Company, Inc. (NYSE:TREX) on Thursday, July 13 with “Hold” rating. The rating was maintained by Stifel Nicolaus on Friday, December 8 with “Hold”. Stifel Nicolaus maintained the shares of TREX in report on Wednesday, November 9 with “Hold” rating. The stock has “Buy” rating by Seaport Global on Thursday, January 11. The stock has “Outperform” rating by FBR Capital on Friday, February 26. FBR Capital upgraded Trex Company, Inc. (NYSE:TREX) on Wednesday, January 3 to “Buy” rating.

1St Source Bank holds 31.08% of its portfolio in 1st Source Corporation for 7.36 million shares. Indiana Trust & Investment Management Co owns 56,832 shares or 1.39% of their US portfolio. Moreover, Reinhart Partners Inc. has 0.42% invested in the company for 78,728 shares. The Connecticut-based Matarin Capital Management Llc has invested 0.33% in the stock. Walter & Keenan Financial Consulting Co Mi Adv, a Indiana-based fund reported 11,599 shares.

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