International Paper Co (IP) Share Value Declined While Snow Capital Management LP Increased Holding; As Pbf Logistics LP (PBFX) Valuation Declined, Nbw Capital Has Cut Holding

May 25, 2018 - By Linda Rogers

International Paper Company (NYSE:IP) Logo

Nbw Capital Llc decreased its stake in Pbf Logistics Lp (PBFX) by 5% based on its latest 2017Q4 regulatory filing with the SEC. Nbw Capital Llc sold 19,670 shares as the company’s stock declined 9.76% with the market. The institutional investor held 373,997 shares of the natural gas distribution company at the end of 2017Q4, valued at $7.84M, down from 393,667 at the end of the previous reported quarter. Nbw Capital Llc who had been investing in Pbf Logistics Lp for a number of months, seems to be less bullish one the $820.69 million market cap company. The stock decreased 1.01% or $0.2 during the last trading session, reaching $19.55. About 22,663 shares traded. PBF Logistics LP (NYSE:PBFX) has declined 12.53% since May 25, 2017 and is downtrending. It has underperformed by 24.08% the S&P500.

Snow Capital Management Lp increased its stake in International Paper Co (IP) by 2.74% based on its latest 2017Q4 regulatory filing with the SEC. Snow Capital Management Lp bought 29,457 shares as the company’s stock declined 10.09% with the market. The institutional investor held 1.11M shares of the paper company at the end of 2017Q4, valued at $64.11 million, up from 1.08M at the end of the previous reported quarter. Snow Capital Management Lp who had been investing in International Paper Co for a number of months, seems to be bullish on the $22.50 billion market cap company. The stock decreased 0.48% or $0.26 during the last trading session, reaching $54.34. About 407,352 shares traded. International Paper Company (NYSE:IP) has risen 3.70% since May 25, 2017 and is uptrending. It has underperformed by 7.85% the S&P500.

Among 17 analysts covering International Paper Company (NYSE:IP), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. International Paper Company had 72 analyst reports since August 4, 2015 according to SRatingsIntel. Credit Suisse downgraded it to “Neutral” rating and $47 target in Thursday, April 28 report. BMO Capital Markets maintained it with “Buy” rating and $62.0 target in Thursday, October 19 report. The firm has “Buy” rating given on Monday, September 18 by BMO Capital Markets. The firm earned “Outperform” rating on Wednesday, January 25 by BMO Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, August 20 report. On Wednesday, April 19 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was downgraded by DA Davidson on Friday, February 3 to “Neutral”. Barclays Capital maintained the shares of IP in report on Monday, October 30 with “Underweight” rating. The rating was upgraded by Jefferies on Friday, January 20 to “Buy”. RBC Capital Markets downgraded the shares of IP in report on Monday, April 25 to “Sector Perform” rating.

More recent International Paper Company (NYSE:IP) news were published by: Seekingalpha.com which released: “Tracking Alex Roepers’ Atlantic Investment Management Portfolio – Q1 2018 Update” on May 24, 2018. Also Seekingalpha.com published the news titled: “Are International Paper’s Best Days Behind It?” on May 16, 2018. Prnewswire.com‘s news article titled: “International Paper CFO to Speak at 2018 Vertical Research Partners Global Materials Conference” with publication date: May 24, 2018 was also an interesting one.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.22, from 0.95 in 2017Q3. It is positive, as 40 investors sold IP shares while 232 reduced holdings. 86 funds opened positions while 232 raised stakes. 331.84 million shares or 0.61% less from 333.87 million shares in 2017Q3 were reported. Korea holds 0.04% or 163,016 shares in its portfolio. Westpac reported 28,987 shares stake. Rodgers Brothers Inc has 0.43% invested in International Paper Company (NYSE:IP) for 22,523 shares. Rothschild Inv Corporation Il holds 42,992 shares or 0.27% of its portfolio. Legacy Partners has invested 0.1% of its portfolio in International Paper Company (NYSE:IP). First Advsrs Ltd Partnership stated it has 285,066 shares. Baker Ellis Asset Management Limited Liability owns 61,477 shares for 0.9% of their portfolio. The Minnesota-based Sit Inv Assocs has invested 0.48% in International Paper Company (NYSE:IP). Dekabank Deutsche Girozentrale holds 0.03% or 63,805 shares in its portfolio. Georgia-based Voya Inv Management Ltd Liability Co has invested 0.03% in International Paper Company (NYSE:IP). Hartford Finance Management has 0.32% invested in International Paper Company (NYSE:IP). Cetera Advisor Limited Company has 0.01% invested in International Paper Company (NYSE:IP). Intersect Cap Ltd Co holds 0.78% or 24,972 shares in its portfolio. Pinnacle Finance Prtnrs Inc owns 52,374 shares. Private Advisor Gru Ltd, New Jersey-based fund reported 26,650 shares.

Snow Capital Management Lp, which manages about $3.43 billion and $2.25B US Long portfolio, decreased its stake in Pultegroup Inc (NYSE:PHM) by 136,628 shares to 1.74 million shares, valued at $57.73M in 2017Q4, according to the filing. It also reduced its holding in Skechers U.S.A. Inc (NYSE:SKX) by 243,928 shares in the quarter, leaving it with 2.15 million shares, and cut its stake in Lannett Company (NYSE:LCI).

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.44, from 1 in 2017Q3. It is positive, as 5 investors sold PBFX shares while 11 reduced holdings. 8 funds opened positions while 15 raised stakes. 14.04 million shares or 4.31% less from 14.68 million shares in 2017Q3 were reported. Fort Washington Advsr Oh reported 24,700 shares. Arrowstreet Capital Partnership reported 23,100 shares stake. Neuberger Berman Limited Liability Company stated it has 49,900 shares. 2.15M were accumulated by Goldman Sachs Group Inc Inc. Advisory Research stated it has 0.32% in PBF Logistics LP (NYSE:PBFX). Wells Fargo Mn reported 121,028 shares stake. Renaissance Limited Liability owns 234,915 shares for 0.01% of their portfolio. Blackstone Gru Ltd Partnership reported 1.30 million shares or 0.11% of all its holdings. Citigroup holds 0% of its portfolio in PBF Logistics LP (NYSE:PBFX) for 24,690 shares. Bancshares Of America Corporation De holds 0% or 128,208 shares in its portfolio. Raymond James And Assocs holds 25,750 shares or 0% of its portfolio. State Of New Jersey Common Pension Fund D has invested 0% of its portfolio in PBF Logistics LP (NYSE:PBFX). Gsa Prtn Llp stated it has 56,285 shares or 0.07% of all its holdings. 10,000 are owned by Bb&T Corp. First Republic Mngmt Inc owns 9,805 shares or 0% of their US portfolio.

More news for PBF Logistics LP (NYSE:PBFX) were recently published by: Seekingalpha.com, which released: “PBF Logistics’ (PBFX) CFO Erik Young on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018. Globenewswire.com‘s article titled: “Report: Exploring Fundamental Drivers Behind Tenneco, RadNet, Data I/O, Icahn Enterprises, PBF Logistics LP, and …” and published on May 23, 2018 is yet another important article.

Among 5 analysts covering PBF Logistics (NYSE:PBFX), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. PBF Logistics had 10 analyst reports since July 31, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of PBFX in report on Friday, February 12 with “Equal Weight” rating. Credit Suisse initiated PBF Logistics LP (NYSE:PBFX) on Monday, October 26 with “Neutral” rating. The firm has “Buy” rating given on Tuesday, March 27 by Citigroup. On Tuesday, October 13 the stock rating was downgraded by Credit Suisse to “Neutral”. The company was initiated on Thursday, April 21 by Raymond James. The stock has “Outperform” rating by Credit Suisse on Friday, July 31. The firm has “Buy” rating given on Tuesday, October 17 by UBS. Barclays Capital downgraded the stock to “Equal Weight” rating in Monday, January 11 report.

Analysts await PBF Logistics LP (NYSE:PBFX) to report earnings on August, 2. They expect $0.48 earnings per share, down 2.04% or $0.01 from last year’s $0.49 per share. PBFX’s profit will be $20.15 million for 10.18 P/E if the $0.48 EPS becomes a reality. After $0.43 actual earnings per share reported by PBF Logistics LP for the previous quarter, Wall Street now forecasts 11.63% EPS growth.

Nbw Capital Llc, which manages about $677.00 million and $379.89M US Long portfolio, upped its stake in Marinemax Inc. (NYSE:HZO) by 48,917 shares to 205,487 shares, valued at $3.88 million in 2017Q4, according to the filing. It also increased its holding in Ngl Energy Partners (NYSE:NGL) by 236,729 shares in the quarter, for a total of 651,421 shares, and has risen its stake in Spdr S&P Biotech Etf (XBI).

PBF Logistics LP (NYSE:PBFX) Institutional Positions Chart

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By1 Linda Rogers

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