Ifc Holdings Holds Holding in Paccar (PCAR); New Residential Invt (NRZ) Share Value Declined While Permal Asset Management Has Boosted Position

February 15, 2018 - By Hazel Jackson

Permal Asset Management Llc increased its stake in New Residential Invt Corp (NRZ) by 19.05% based on its latest 2017Q3 regulatory filing with the SEC. Permal Asset Management Llc bought 26,800 shares as the company’s stock declined 0.74% while stock markets rallied. The hedge fund held 167,500 shares of the real estate investment trusts company at the end of 2017Q3, valued at $2.80 million, up from 140,700 at the end of the previous reported quarter. Permal Asset Management Llc who had been investing in New Residential Invt Corp for a number of months, seems to be bullish on the $5.69B market cap company. The stock increased 0.65% or $0.11 during the last trading session, reaching $16.94. About 2.79 million shares traded. New Residential Investment Corp. (NYSE:NRZ) has risen 22.04% since February 15, 2017 and is uptrending. It has outperformed by 5.34% the S&P500.

Ifc Holdings Incorporated increased its stake in Paccar Inc (PCAR) by 92.31% based on its latest 2017Q3 regulatory filing with the SEC. Ifc Holdings Incorporated bought 6,166 shares as the company’s stock declined 8.74% while stock markets rallied. The institutional investor held 12,846 shares of the auto manufacturing company at the end of 2017Q3, valued at $928,000, up from 6,680 at the end of the previous reported quarter. Ifc Holdings Incorporated who had been investing in Paccar Inc for a number of months, seems to be bullish on the $24.21B market cap company. The stock decreased 0.45% or $0.31 during the last trading session, reaching $68.81. About 1.93M shares traded. PACCAR Inc (NASDAQ:PCAR) has risen 19.93% since February 15, 2017 and is uptrending. It has outperformed by 3.23% the S&P500.

Ifc Holdings Incorporated, which manages about $3.29 billion and $1.43B US Long portfolio, decreased its stake in First Tr Exchange Traded Fd (EMLP) by 30,225 shares to 35,359 shares, valued at $877,000 in 2017Q3, according to the filing. It also reduced its holding in First Tr Value Line Divid In (FVD) by 22,261 shares in the quarter, leaving it with 139,586 shares, and cut its stake in Select Sector Spdr Tr (XLV).

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.04, from 1.02 in 2017Q2. It is positive, as 40 investors sold PCAR shares while 147 reduced holdings. 46 funds opened positions while 152 raised stakes. 213.97 million shares or 0.17% more from 213.61 million shares in 2017Q2 were reported. Hall Laurie J Trustee reported 0.4% stake. Bnp Paribas Asset Mngmt Holding has invested 0.01% in PACCAR Inc (NASDAQ:PCAR). Capital, California-based fund reported 11.82M shares. Focused Wealth Inc has invested 0% in PACCAR Inc (NASDAQ:PCAR). Mutual Of America Management Ltd Liability has 0.05% invested in PACCAR Inc (NASDAQ:PCAR) for 41,558 shares. Goldentree Asset Management Limited Partnership stated it has 262,190 shares or 6.82% of all its holdings. Brown Advisory Ltd Liability Co, Maryland-based fund reported 2,947 shares. Dupont Cap Management stated it has 0.04% in PACCAR Inc (NASDAQ:PCAR). 13,955 were reported by Thrivent For Lutherans. Caxton Associate LP invested in 0.08% or 30,000 shares. Verition Fund Mngmt Ltd Co holds 0.04% or 6,381 shares. Brown Brothers Harriman &, a New York-based fund reported 1,809 shares. Clinton holds 0.06% or 7,861 shares. Ibm Retirement Fund owns 8,702 shares. Nomura Hldgs owns 25,298 shares.

Since October 30, 2017, it had 1 insider buy, and 2 selling transactions for $1.92 million activity. Shares for $1,482 were bought by GRANDSTAFF DOUGLAS S. Shares for $285,704 were sold by LEY ALMA LILY.

Among 25 analysts covering Paccar Inc (NASDAQ:PCAR), 9 have Buy rating, 1 Sell and 15 Hold. Therefore 36% are positive. Paccar Inc had 98 analyst reports since July 30, 2015 according to SRatingsIntel. The company was initiated on Tuesday, October 6 by Stifel Nicolaus. The company was maintained on Monday, October 2 by RBC Capital Markets. RBC Capital Markets upgraded it to “Outperform” rating and $75 target in Friday, January 13 report. On Wednesday, October 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Buy” rating on Wednesday, May 31 by RBC Capital Markets. JP Morgan downgraded the shares of PCAR in report on Friday, October 9 to “Neutral” rating. Jefferies maintained it with “Buy” rating and $7700 target in Friday, May 26 report. RBC Capital Markets maintained PACCAR Inc (NASDAQ:PCAR) on Thursday, August 31 with “Buy” rating. The stock has “Buy” rating by Citigroup on Wednesday, July 26. The firm has “Equal Weight” rating given on Friday, July 31 by Morgan Stanley.

Among 8 analysts covering New Residential Investment Corp (NYSE:NRZ), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. New Residential Investment Corp had 24 analyst reports since August 12, 2015 according to SRatingsIntel. Zacks upgraded New Residential Investment Corp. (NYSE:NRZ) on Wednesday, August 12 to “Sell” rating. Barclays Capital maintained it with “Overweight” rating and $16 target in Wednesday, August 10 report. FBR Capital maintained the stock with “Buy” rating in Friday, June 23 report. The firm has “Buy” rating by Piper Jaffray given on Sunday, August 27. The firm has “Neutral” rating given on Wednesday, May 18 by Compass Point. FBR Capital maintained the shares of NRZ in report on Wednesday, November 29 with “Buy” rating. On Tuesday, June 6 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of New Residential Investment Corp. (NYSE:NRZ) earned “Outperform” rating by Wedbush on Thursday, January 18. Piper Jaffray reinitiated the stock with “Overweight” rating in Friday, September 9 report. The stock has “Outperform” rating by FBR Capital on Wednesday, February 22.

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