As Illinois Tool Wks (ITW) Stock Declined, First Personal Financial Services Has Boosted Its Stake; As Ak Stl Hldg (AKS) Valuation Declined, Guggenheim Capital Lowered Holding by $580,250

April 24, 2018 - By David Stenberg

AK Steel Holding Corporation (NYSE:AKS) Logo

Guggenheim Capital Llc decreased its stake in Ak Stl Hldg Corp (AKS) by 29.39% based on its latest 2017Q4 regulatory filing with the SEC. Guggenheim Capital Llc sold 116,050 shares as the company’s stock declined 23.12% with the market. The institutional investor held 278,842 shares of the steel and iron ore company at the end of 2017Q4, valued at $1.58M, down from 394,892 at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Ak Stl Hldg Corp for a number of months, seems to be less bullish one the $1.47B market cap company. The stock decreased 0.53% or $0.0246 during the last trading session, reaching $4.6554. About 5.10M shares traded. AK Steel Holding Corporation (NYSE:AKS) has declined 38.26% since April 24, 2017 and is downtrending. It has underperformed by 49.81% the S&P500.

First Personal Financial Services increased its stake in Illinois Tool Wks Inc (ITW) by 105.45% based on its latest 2017Q4 regulatory filing with the SEC. First Personal Financial Services bought 2,380 shares as the company’s stock declined 6.87% with the market. The institutional investor held 4,637 shares of the industrial machinery and components company at the end of 2017Q4, valued at $774,000, up from 2,257 at the end of the previous reported quarter. First Personal Financial Services who had been investing in Illinois Tool Wks Inc for a number of months, seems to be bullish on the $50.93 billion market cap company. The stock decreased 4.13% or $6.46 during the last trading session, reaching $150.14. About 958,493 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 18.23% since April 24, 2017 and is uptrending. It has outperformed by 6.68% the S&P500.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.30, from 0.83 in 2017Q3. It is positive, as 52 investors sold AKS shares while 51 reduced holdings. 44 funds opened positions while 72 raised stakes. 208.02 million shares or 5.36% more from 197.43 million shares in 2017Q3 were reported. Shelton Cap Mgmt owns 30,272 shares. Private Advisor Gp Ltd holds 14,859 shares or 0% of its portfolio. Citigroup Incorporated holds 0% or 89,478 shares in its portfolio. Northern stated it has 3.79 million shares or 0.01% of all its holdings. Cibc Asset Mngmt invested 0% in AK Steel Holding Corporation (NYSE:AKS). Magnetar Fincl Limited Liability Company reported 17,704 shares. Point72 Asset Mgmt LP reported 81,700 shares. 3.36 million were reported by Millennium Limited Liability Co. 2.50 million are held by Tiaa Cref Inv Llc. Alliancebernstein Lp invested 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Principal Financial Group Inc Inc holds 0.01% or 2.39M shares in its portfolio. Hanson Mcclain reported 0% in AK Steel Holding Corporation (NYSE:AKS). 398,446 were reported by Wolverine Asset Ltd Liability Corporation. Ameritas Investment Prtnrs accumulated 27,698 shares. Edge Wealth Mgmt Lc holds 50,000 shares or 0.08% of its portfolio.

Analysts await AK Steel Holding Corporation (NYSE:AKS) to report earnings on April, 30 before the open. They expect $0.03 earnings per share, down 84.21% or $0.16 from last year’s $0.19 per share. AKS’s profit will be $9.46M for 38.80 P/E if the $0.03 EPS becomes a reality. After $-0.06 actual earnings per share reported by AK Steel Holding Corporation for the previous quarter, Wall Street now forecasts -150.00% EPS growth.

Guggenheim Capital Llc, which manages about $25.60B and $42.21B US Long portfolio, upped its stake in Advanced Semiconductor Engr (NYSE:ASX) by 64,340 shares to 451,230 shares, valued at $2.92 million in 2017Q4, according to the filing. It also increased its holding in Edgewell Pers Care Co by 88,848 shares in the quarter, for a total of 118,791 shares, and has risen its stake in U S Concrete Inc (NASDAQ:USCR).

Among 21 analysts covering AK Steel Holding Corporation (NYSE:AKS), 8 have Buy rating, 2 Sell and 11 Hold. Therefore 38% are positive. AK Steel Holding Corporation had 86 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, July 29, the company rating was upgraded by Macquarie Research. On Wednesday, November 1 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Barclays Capital maintained the stock with “Equalweight” rating in Wednesday, July 13 report. Deutsche Bank upgraded the shares of AKS in report on Friday, June 23 to “Buy” rating. Deutsche Bank maintained AK Steel Holding Corporation (NYSE:AKS) on Monday, December 5 with “Hold” rating. Morgan Stanley maintained AK Steel Holding Corporation (NYSE:AKS) rating on Tuesday, April 17. Morgan Stanley has “Equal-Weight” rating and $6 target. Morgan Stanley maintained it with “Equal-Weight” rating and $6.5 target in Wednesday, January 31 report. Cowen & Co maintained the stock with “Market Perform” rating in Wednesday, July 27 report. As per Monday, June 19, the company rating was upgraded by Longbow. JP Morgan maintained the stock with “Neutral” rating in Wednesday, November 1 report.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It improved, as 39 investors sold ITW shares while 379 reduced holdings. 117 funds opened positions while 261 raised stakes. 229.09 million shares or 9.01% less from 251.79 million shares in 2017Q3 were reported. Wade G W invested in 5,883 shares. Glg Ltd Liability owns 15,751 shares. Louisiana State Employees Retirement System has invested 0.14% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Sterneck Mgmt Ltd Llc has 0.16% invested in Illinois Tool Works Inc. (NYSE:ITW) for 1,650 shares. State Of Wisconsin Invest Board accumulated 311,274 shares or 0.14% of the stock. Hbk Sorce Advisory Limited Liability Company reported 4,645 shares. Webster State Bank N A owns 1,516 shares for 0.03% of their portfolio. Invesco invested in 0.1% or 1.69 million shares. Cape Cod Five Cents Retail Bank accumulated 1.25% or 50,084 shares. Hoertkorn Richard Charles holds 0.2% or 2,000 shares. Eqis Management owns 0.02% invested in Illinois Tool Works Inc. (NYSE:ITW) for 2,447 shares. Neville Rodie And Shaw reported 5,202 shares or 0.09% of all its holdings. 176,420 were accumulated by Compass Cap. Hermes Inv Management accumulated 7,879 shares. Argent Tru Company reported 1.02% stake.

Among 19 analysts covering Illinois Tool Works Inc (NYSE:ITW), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Illinois Tool Works Inc had 88 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, October 24 by Argus Research. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Hold” rating given on Monday, October 23 by Robert W. Baird. As per Thursday, August 24, the company rating was maintained by Robert W. Baird. Seaport Global maintained the shares of ITW in report on Thursday, April 21 with “Buy” rating. The stock has “Hold” rating by Stifel Nicolaus on Monday, August 14. On Friday, June 30 the stock rating was maintained by Jefferies with “Buy”. On Tuesday, April 17 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Tuesday, April 10, the company rating was upgraded by Goldman Sachs. JP Morgan maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Tuesday, April 10. JP Morgan has “Neutral” rating and $155 target. The stock has “Buy” rating by Jefferies on Monday, September 11.

Illinois Tool Works Inc. (NYSE:ITW) Institutional Positions Chart

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By1 David Stenberg

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