Heartland Advisors Lifted Its Powell Inds (POWL) Holding by $2.32 Million; Stock Declined; Lasalle Investment Management Securities Increases Stake in National Retail Properties (NNN)

February 13, 2018 - By David Stenberg

Heartland Advisors Inc increased its stake in Powell Inds Inc (POWL) by 26.67% based on its latest 2017Q3 regulatory filing with the SEC. Heartland Advisors Inc bought 79,884 shares as the company’s stock declined 5.92% while stock markets rallied. The institutional investor held 379,385 shares of the consumer durables company at the end of 2017Q3, valued at $11.38M, up from 299,501 at the end of the previous reported quarter. Heartland Advisors Inc who had been investing in Powell Inds Inc for a number of months, seems to be bullish on the $321.89 million market cap company. The stock decreased 1.85% or $0.53 during the last trading session, reaching $28.11. About 81,033 shares traded or 38.90% up from the average. Powell Industries, Inc. (NASDAQ:POWL) has declined 1.56% since February 13, 2017 and is downtrending. It has underperformed by 18.26% the S&P500.

Lasalle Investment Management Securities Llc increased its stake in National Retail Properties Inc (NNN) by 11869.86% based on its latest 2017Q3 regulatory filing with the SEC. Lasalle Investment Management Securities Llc bought 3.00M shares as the company’s stock declined 15.61% while stock markets rallied. The institutional investor held 3.03M shares of the real estate investment trusts company at the end of 2017Q3, valued at $126.21 million, up from 25,310 at the end of the previous reported quarter. Lasalle Investment Management Securities Llc who had been investing in National Retail Properties Inc for a number of months, seems to be bullish on the $5.70B market cap company. The stock increased 0.54% or $0.2 during the last trading session, reaching $37.49. About 2.01 million shares traded or 105.78% up from the average. National Retail Properties, Inc. (NYSE:NNN) has declined 14.81% since February 13, 2017 and is downtrending. It has underperformed by 31.51% the S&P500.

Lasalle Investment Management Securities Llc, which manages about $6.55B US Long portfolio, decreased its stake in Rlj Lodging Trust (NYSE:RLJ) by 1.28 million shares to 6.01 million shares, valued at $132.15M in 2017Q3, according to the filing. It also reduced its holding in Taubman Centers Inc (NYSE:TCO) by 209,714 shares in the quarter, leaving it with 1.73 million shares, and cut its stake in Lasalle Hotel Properties (NYSE:LHO).

Since August 17, 2017, it had 0 buys, and 3 insider sales for $1.63 million activity. $721,966 worth of National Retail Properties, Inc. (NYSE:NNN) was sold by WHITEHURST JULIAN E. HABICHT KEVIN B had sold 20,664 shares worth $880,286. 750 shares valued at $32,273 were sold by Miller Michelle Lynn on Thursday, December 14.

Among 13 analysts covering National Retail Properties (NYSE:NNN), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. National Retail Properties has $56 highest and $35 lowest target. $45.17’s average target is 20.49% above currents $37.49 stock price. National Retail Properties had 26 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Mkt Perform” rating on Thursday, January 7 by Raymond James. On Wednesday, October 12 the stock rating was initiated by FBR Capital with “Outperform”. The company was initiated on Thursday, July 23 by DA Davidson. The rating was maintained by Stifel Nicolaus on Monday, July 11 with “Buy”. BB&T Capital initiated National Retail Properties, Inc. (NYSE:NNN) on Friday, November 13 with “Hold” rating. Morgan Stanley downgraded it to “Equal-Weight” rating and $49 target in Monday, May 16 report. BTIG Research initiated the shares of NNN in report on Thursday, August 25 with “Neutral” rating. The stock of National Retail Properties, Inc. (NYSE:NNN) has “Neutral” rating given on Monday, December 5 by Bank of America. As per Thursday, November 2, the company rating was maintained by Ladenburg. The firm has “Neutral” rating given on Thursday, November 9 by UBS.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.41, from 1.47 in 2017Q2. It dived, as 33 investors sold NNN shares while 91 reduced holdings. 38 funds opened positions while 93 raised stakes. 135.26 million shares or 2.45% more from 132.03 million shares in 2017Q2 were reported. Commonwealth Equity Svcs accumulated 133,327 shares. Moreover, Commonwealth Natl Bank Of Australia has 0% invested in National Retail Properties, Inc. (NYSE:NNN). Adelante Cap Management Ltd holds 280,858 shares or 0.65% of its portfolio. Panagora Asset Mngmt has 0% invested in National Retail Properties, Inc. (NYSE:NNN) for 6,330 shares. Meiji Yasuda Asset Mngmt Co Ltd invested in 0.05% or 12,640 shares. Schwab Charles Inc invested in 0.02% or 608,768 shares. Dnb Asset Mngmt As owns 14,025 shares or 0.01% of their US portfolio. Moreover, Comerica Bank & Trust has 0.04% invested in National Retail Properties, Inc. (NYSE:NNN) for 122,809 shares. Point72 Asia (Hong Kong) Ltd has invested 0.01% in National Retail Properties, Inc. (NYSE:NNN). Goldman Sachs Gp holds 1.67M shares or 0.02% of its portfolio. Fisher Asset Mgmt Limited Liability Com holds 0.03% of its portfolio in National Retail Properties, Inc. (NYSE:NNN) for 546,388 shares. Fincl Bank Of America De stated it has 0% of its portfolio in National Retail Properties, Inc. (NYSE:NNN). Kistler stated it has 457 shares or 0.01% of all its holdings. State Treasurer State Of Michigan holds 56,100 shares. Blackrock Inc, New York-based fund reported 18.49M shares.

Heartland Advisors Inc, which manages about $6.06 billion and $1.55 billion US Long portfolio, decreased its stake in Associated Banc Corp (NYSE:ASB) by 194,496 shares to 326,605 shares, valued at $7.92 million in 2017Q3, according to the filing. It also reduced its holding in Dril (NYSE:DRQ) by 12,038 shares in the quarter, leaving it with 100,000 shares, and cut its stake in Analogic Corp (NASDAQ:ALOG).

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By1 David Stenberg

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