Bbt Capital Management Has Decreased Teck Resources LTD (TCK) Position By $12.50 Million; Goelzer Investment Management Has Cut Its Csx (CSX) Position

October 11, 2017 - By Winifred Garcia

Goelzer Investment Management Inc decreased Csx Corp (CSX) stake by 81.63% reported in 2017Q2 SEC filing. Goelzer Investment Management Inc sold 41,990 shares as Csx Corp (CSX)’s stock rose 3.79%. The Goelzer Investment Management Inc holds 9,451 shares with $516,000 value, down from 51,441 last quarter. Csx Corp now has $48.48B valuation. The stock increased 1.32% or $0.69 during the last trading session, reaching $53.08. About 4.49 million shares traded. CSX Corporation (NYSE:CSX) has risen 97.18% since October 11, 2016 and is uptrending. It has outperformed by 80.48% the S&P500.

Bbt Capital Management Llc decreased Teck Resources Ltd (TCK) stake by 98% reported in 2017Q2 SEC filing. Bbt Capital Management Llc sold 735,000 shares as Teck Resources Ltd (TCK)’s stock 0.00%. The Bbt Capital Management Llc holds 15,000 shares with $260,000 value, down from 750,000 last quarter. Teck Resources Ltd now has $13.15 billion valuation. The stock declined 0.55% or $0.13 reaching $22.65 per share. About 3.34 million shares traded. Teck Resources Ltd (USA) (NYSE:TCK) has 0.00% since October 11, 2016 and is . It has underperformed by 16.70% the S&P500.

Bbt Capital Management Llc increased Mobileye N V Amstelveen (NYSE:MBLY) stake by 197,000 shares to 394,000 valued at $24.74 million in 2017Q2. It also upped Digital Rlty Tr Inc (Call) (NYSE:DLR) stake by 65,500 shares and now owns 95,000 shares. Ishares (Call) (EZU) was raised too.

Among 19 analysts covering Teck Resources (NYSE:TCK), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Teck Resources had 33 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by Scotia Capital given on Thursday, July 23. Cowen & Co maintained Teck Resources Ltd (USA) (NYSE:TECK) rating on Friday, July 24. Cowen & Co has “Market Perform” rating and $8 target. Clarkson Platou upgraded Teck Resources Ltd (USA) (NYSE:TECK) on Monday, July 18 to “Buy” rating. The firm earned “Hold” rating on Monday, October 5 by Deutsche Bank. The rating was upgraded by RBC Capital Markets on Monday, October 17 to “Outperform”. Barclays Capital downgraded Teck Resources Ltd (USA) (NYSE:TECK) rating on Thursday, January 14. Barclays Capital has “Underweight” rating and $4 target. National Bank Canada upgraded Teck Resources Ltd (USA) (NYSE:TECK) on Tuesday, October 18 to “Outperform” rating. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, November 15. The firm earned “Buy” rating on Friday, October 7 by Deutsche Bank. The rating was initiated by FBR Capital with “Outperform” on Friday, September 18.

Analysts await Teck Resources Ltd (USA) (NYSE:TECK) to report earnings on October, 26. They expect $0.81 earnings per share, up 305.00% or $0.61 from last year’s $0.2 per share. TECK’s profit will be $470.26M for 6.99 P/E if the $0.81 EPS becomes a reality. After $0.73 actual earnings per share reported by Teck Resources Ltd (USA) for the previous quarter, Wall Street now forecasts 10.96% EPS growth.

Goelzer Investment Management Inc increased Exxon Mobil Corp (NYSE:XOM) stake by 19,191 shares to 146,127 valued at $11.80M in 2017Q2. It also upped Ishares Tr (TIP) stake by 5,216 shares and now owns 71,115 shares. Ball Corp (NYSE:BLL) was raised too.

Investors sentiment increased to 0.83 in Q2 2017. Its up 0.10, from 0.73 in 2017Q1. It increased, as 58 investors sold CSX shares while 339 reduced holdings. 91 funds opened positions while 238 raised stakes. 628.79 million shares or 0.40% less from 631.34 million shares in 2017Q1 were reported. Aspen Inv Management has invested 0.97% in CSX Corporation (NASDAQ:CSX). Gilder Gagnon Howe And Lc, New York-based fund reported 41,991 shares. Bankshares Of Nova Scotia reported 608,258 shares stake. Commonwealth Bancshares Of owns 1.76M shares. Brown Advisory Secs Ltd Liability Co holds 0.05% or 4,285 shares in its portfolio. 13,301 were accumulated by Balyasny Asset Management Ltd Liability Corp. Jane Street Grp Lc has invested 0.04% in CSX Corporation (NASDAQ:CSX). Modera Wealth Mgmt Ltd Liability reported 0.06% in CSX Corporation (NASDAQ:CSX). 1St Source Bank owns 4,600 shares. Tiaa Cref Invest Management Llc holds 0.17% or 4.45M shares. Bank Of Mellon holds 0.15% in CSX Corporation (NASDAQ:CSX) or 9.80 million shares. 8,000 were accumulated by Loews Corporation. Tiedemann Wealth Management Ltd Llc has 16,057 shares. Cullinan stated it has 0.25% of its portfolio in CSX Corporation (NASDAQ:CSX). Chicago Equity Prtnrs Ltd Liability Corp accumulated 125,345 shares.

Among 26 analysts covering CSX Corporation (NYSE:CSX), 18 have Buy rating, 2 Sell and 6 Hold. Therefore 69% are positive. CSX Corporation had 77 analyst reports since August 13, 2015 according to SRatingsIntel. On Thursday, November 10 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 27. The firm has “Buy” rating by Deutsche Bank given on Wednesday, March 1. The firm earned “Buy” rating on Monday, January 30 by TD Securities. On Friday, September 29 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Market Outperform” rating by Avondale given on Friday, February 10. BB&T Capital downgraded the stock to “Hold” rating in Friday, July 15 report. The firm has “Hold” rating by Cowen & Co given on Wednesday, August 30. The firm earned “Outperform” rating on Friday, October 14 by Cowen & Co. Cowen & Co maintained CSX Corporation (NASDAQ:CSX) on Friday, July 28 with “Hold” rating.

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By1 Winifred Garcia




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