Trending Stock News

Gateway Investment Advisers Has Lifted Stake in Worthington Inds (WOR) as Stock Declined; Cadence Design System (CDNS) Shareholder Wright Investors Service Has Cut Its Holding

Worthington Industries, Inc. (NYSE:WOR) Logo

Gateway Investment Advisers Llc increased its stake in Worthington Inds Inc (WOR) by 22.39% based on its latest 2017Q4 regulatory filing with the SEC. Gateway Investment Advisers Llc bought 12,323 shares as the company’s stock declined 7.28% with the market. The institutional investor held 67,369 shares of the capital goods company at the end of 2017Q4, valued at $2.97 million, up from 55,046 at the end of the previous reported quarter. Gateway Investment Advisers Llc who had been investing in Worthington Inds Inc for a number of months, seems to be bullish on the $2.77B market cap company. The stock increased 2.17% or $0.97 during the last trading session, reaching $45.67. About 76,449 shares traded. Worthington Industries, Inc. (NYSE:WOR) has declined 16.89% since April 17, 2017 and is downtrending. It has underperformed by 28.44% the S&P500.

Wright Investors Service Inc decreased its stake in Cadence Design System Inc (CDNS) by 49.41% based on its latest 2017Q4 regulatory filing with the SEC. Wright Investors Service Inc sold 12,767 shares as the company’s stock declined 13.87% with the market. The institutional investor held 13,071 shares of the technology company at the end of 2017Q4, valued at $547,000, down from 25,838 at the end of the previous reported quarter. Wright Investors Service Inc who had been investing in Cadence Design System Inc for a number of months, seems to be less bullish one the $10.74 billion market cap company. The stock increased 0.96% or $0.36 during the last trading session, reaching $37.9. About 576,419 shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 14.90% since April 17, 2017 and is uptrending. It has outperformed by 3.35% the S&P500.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.27, from 1.2 in 2017Q3. It dived, as 31 investors sold WOR shares while 71 reduced holdings. 36 funds opened positions while 59 raised stakes. 31.16 million shares or 3.79% less from 32.39 million shares in 2017Q3 were reported. Pacad Invest owns 3,200 shares. Ohio-based Huntington Fincl Bank has invested 0.03% in Worthington Industries, Inc. (NYSE:WOR). Aperio Lc accumulated 8,792 shares. Northern holds 0.01% in Worthington Industries, Inc. (NYSE:WOR) or 739,996 shares. Vanguard Grp reported 3.83M shares or 0.01% of all its holdings. California State Teachers Retirement Systems invested in 70,653 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Worthington Industries, Inc. (NYSE:WOR). Comerica Bancorp has invested 0.01% in Worthington Industries, Inc. (NYSE:WOR). Citadel Advsrs Ltd Liability Corp holds 159,128 shares or 0% of its portfolio. New Mexico Educational Retirement Board invested in 0.02% or 11,100 shares. Cwm Ltd Liability Company, Nebraska-based fund reported 190 shares. 4,189 were reported by Envestnet Asset Management Inc. The Texas-based Utd Automobile Association has invested 0% in Worthington Industries, Inc. (NYSE:WOR). Schwab Charles Investment Management reported 338,046 shares. King Luther Capital Mngmt has invested 0.03% of its portfolio in Worthington Industries, Inc. (NYSE:WOR).

Gateway Investment Advisers Llc, which manages about $12.58 billion and $11.77B US Long portfolio, decreased its stake in Motorola Solutions Inc (NYSE:MSI) by 7,843 shares to 155,983 shares, valued at $14.09M in 2017Q4, according to the filing. It also reduced its holding in Wec Energy Group Inc by 72,054 shares in the quarter, leaving it with 596,432 shares, and cut its stake in Hilton Grand Vacations Inc.

Since October 19, 2017, it had 1 buying transaction, and 2 selling transactions for $1.62 million activity. 7,500 shares were sold by LAMPRINAKOS JOHN G, worth $337,200. The insider BRINKMAN DALE T sold $332,180. ENDRES MICHAEL J had bought 3,000 shares worth $119,340.

Among 3 analysts covering Worthington Industries (NYSE:WOR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Worthington Industries had 14 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Wednesday, October 11. Zacks downgraded Worthington Industries, Inc. (NYSE:WOR) on Thursday, August 27 to “Hold” rating. The rating was upgraded by Macquarie Research to “Neutral” on Tuesday, March 14. The stock of Worthington Industries, Inc. (NYSE:WOR) has “Hold” rating given on Wednesday, September 6 by Jefferies. The company was downgraded on Monday, December 12 by Jefferies. The stock has “Hold” rating by Jefferies on Thursday, March 29. The stock has “Hold” rating by Jefferies on Tuesday, April 4. As per Thursday, March 24, the company rating was maintained by JP Morgan. The firm has “Underperform” rating given on Tuesday, November 29 by Macquarie Research. Jefferies maintained Worthington Industries, Inc. (NYSE:WOR) rating on Thursday, March 30. Jefferies has “Sell” rating and $45 target.

Since December 11, 2017, it had 0 insider purchases, and 9 sales for $11.40 million activity. DEVGAN ANIRUDH had sold 40,063 shares worth $1.54M on Thursday, March 1. Shares for $40,074 were sold by WALL JOHN M on Wednesday, March 14. On Monday, January 8 the insider SHOVEN JOHN B sold $2.25M.

Investors sentiment increased to 1.59 in 2017 Q4. Its up 0.23, from 1.36 in 2017Q3. It is positive, as 18 investors sold CDNS shares while 111 reduced holdings. 72 funds opened positions while 133 raised stakes. 235.53 million shares or 0.57% more from 234.20 million shares in 2017Q3 were reported. Art Advisors Ltd Liability stated it has 0.09% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Moreover, Connor Clark And Lunn Invest Management has 0% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 11,950 shares. Aperio Gru Limited Co holds 0.09% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 425,221 shares. Ontario Teachers Pension Plan Board accumulated 55,212 shares. Renaissance Tech Lc holds 775,600 shares. Omers Administration has 0.06% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Arrowmark Colorado Ltd Co holds 0.57% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 1.36M shares. Goldman Sachs reported 6.08 million shares or 0.06% of all its holdings. First Mercantile Tru Com has invested 0.16% in Cadence Design Systems, Inc. (NASDAQ:CDNS). First Republic Inv Management stated it has 18,780 shares. 10,364 are held by Wealthfront. Lazard Asset Mngmt has 0% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Robeco Institutional Asset Management Bv owns 285,639 shares. Geode Mngmt Ltd reported 3.89 million shares stake. Moreover, State Treasurer State Of Michigan has 0.03% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 82,800 shares.

Analysts await Cadence Design Systems, Inc. (NASDAQ:CDNS) to report earnings on April, 23 after the close. They expect $0.20 EPS, down 20.00% or $0.05 from last year’s $0.25 per share. CDNS’s profit will be $56.65 million for 47.38 P/E if the $0.20 EPS becomes a reality. After $0.29 actual EPS reported by Cadence Design Systems, Inc. for the previous quarter, Wall Street now forecasts -31.03% negative EPS growth.

Wright Investors Service Inc, which manages about $1.36 billion and $298.75M US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 7,157 shares to 15,865 shares, valued at $1.66M in 2017Q4, according to the filing. It also increased its holding in Dowdupont Inc by 8,256 shares in the quarter, for a total of 51,351 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

Among 10 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Cadence Design Systems Inc had 27 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) rating on Wednesday, July 5. RBC Capital Markets has “Buy” rating and $3600 target. Credit Suisse maintained the shares of CDNS in report on Thursday, February 1 with “Hold” rating. Northland Capital maintained it with “Outperform” rating and $25 target in Tuesday, October 27 report. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Hold” rating given on Sunday, November 26 by KeyBanc Capital Markets. The stock has “Buy” rating by DA Davidson on Thursday, February 4. DA Davidson downgraded Cadence Design Systems, Inc. (NASDAQ:CDNS) on Wednesday, April 6 to “Neutral” rating. Benchmark initiated it with “Hold” rating and $22 target in Thursday, October 8 report. As per Tuesday, October 27, the company rating was maintained by Topeka Capital Markets. The firm earned “Outperform” rating on Thursday, February 9 by RBC Capital Markets. On Thursday, November 19 the stock rating was maintained by Northland Capital with “Outperform”.

Cadence Design Systems, Inc. (NASDAQ:CDNS) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *