Cushing Asset Management LP Has Decreased Its Gaslog Partners LP (GLOP) Position; Cognex Has 1.33 Sentiment

December 7, 2017 - By Adrian Mccoy

Cushing Asset Management Lp decreased Gaslog Partners Lp (GLOP) stake by 10.98% reported in 2017Q2 SEC filing. Cushing Asset Management Lp sold 163,952 shares as Gaslog Partners Lp (GLOP)’s stock declined 2.09%. The Cushing Asset Management Lp holds 1.33M shares with $30.10M value, down from 1.49 million last quarter. Gaslog Partners Lp now has $913.87M valuation. It closed at $22.05 lastly. It is down 26.62% since December 7, 2016 and is uptrending. It has outperformed by 9.92% the S&P500.

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company has market cap of $10.74 billion. The firm offers machine vision products, which are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. It has a 45.68 P/E ratio. The Company’s products include VisionPro, a software suite that provides various vision tools for programming; displacement sensors with vision software for use in 3D application; In-Sight vision systems that perform various vision tasks, including part location, identification, measurement, assembly verification, and robotic guidance; In-Sight vision sensors; ID products, which are used for reading codes that are applied on discrete items during the manufacturing process, as well as have applications in logistics automation for package sorting and distribution; DataMan barcode readers; barcode verifiers; vision-enabled mobile terminals for industrial barcode reading applications; and barcode scanning software development kits.

Ratings analysis reveals 67% of Cognex’s analysts are positive. Out of 3 Wall Street analysts rating Cognex, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $61.0 while the high is $74.0. The stock’s average target of $67.50 is 8.89% above today’s ($61.99) share price. CGNX was included in 3 notes of analysts from November 1, 2016. Northcoast downgraded the stock to “Neutral” rating in Friday, December 2 report. The firm has “Buy” rating by Needham given on Tuesday, November 1. The stock has “Buy” rating by Deutsche Bank on Thursday, December 8.

Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on February, 15. They expect $0.49 earnings per share, up 13.95% or $0.06 from last year’s $0.43 per share. CGNX’s profit will be $84.85 million for 31.63 P/E if the $0.49 EPS becomes a reality. After $1.14 actual earnings per share reported by Cognex Corporation for the previous quarter, Wall Street now forecasts -57.02% negative EPS growth.

The stock decreased 1.43% or $0.9 during the last trading session, reaching $61.99. About 2.32 million shares traded or 26.99% up from the average. Cognex Corporation (CGNX) has risen 131.00% since December 7, 2016 and is uptrending. It has outperformed by 114.30% the S&P500.

Joho Capital Llc holds 24.53% of its portfolio in Cognex Corporation for 1.40 million shares. American Capital Management Inc owns 979,639 shares or 5.32% of their US portfolio. Moreover, Tirschwell & Loewy Inc has 5.32% invested in the company for 399,580 shares. The Maryland-based Brown Capital Management Llc has invested 5.03% in the stock. Kylin Management Llc, a New York-based fund reported 364,100 shares.

Cushing Asset Management Lp increased Williams Partners LP New (ACMP) stake by 432,181 shares to 3.04 million valued at $122.10 million in 2017Q2. It also upped Phillips 66 (NYSE:PSX) stake by 92,985 shares and now owns 209,793 shares. Magellan Midstream Prtnrs Lp (NYSE:MMP) was raised too.

Among 8 analysts covering Gaslog Partners LP (NYSE:GLOP), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Gaslog Partners LP had 24 analyst reports since October 21, 2015 according to SRatingsIntel. The firm has “Equal Weight” rating given on Friday, April 21 by Barclays Capital. On Monday, July 3 the stock rating was maintained by Jefferies with “Buy”. The stock of GasLog Partners LP (NYSE:GLOP) earned “Buy” rating by Jefferies on Monday, August 7. On Friday, December 18 the stock rating was downgraded by JP Morgan to “Underweight”. The stock of GasLog Partners LP (NYSE:GLOP) earned “Buy” rating by Stifel Nicolaus on Sunday, September 10. The rating was maintained by Jefferies on Monday, October 16 with “Buy”. Credit Suisse maintained the shares of GLOP in report on Monday, May 9 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, September 13 by Jefferies. Morgan Stanley upgraded the shares of GLOP in report on Tuesday, June 13 to “Overweight” rating. Barclays Capital maintained GasLog Partners LP (NYSE:GLOP) on Friday, October 27 with “Equal-Weight” rating.

Analysts await GasLog Partners LP (NYSE:GLOP) to report earnings on January, 26. They expect $0.53 EPS, down 14.52% or $0.09 from last year’s $0.62 per share. GLOP’s profit will be $21.97M for 10.40 P/E if the $0.53 EPS becomes a reality. After $0.53 actual EPS reported by GasLog Partners LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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By1 Adrian Mccoy




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