Tcw Group Has Boosted Cognex (CGNX) Position; 8 Bullish Analysts Covering MRC Global Inc. (MRC)

February 17, 2018 - By Ellis Scott

Tcw Group Inc increased Cognex Corp (CGNX) stake by 91.73% reported in 2017Q3 SEC filing. Tcw Group Inc acquired 90,109 shares as Cognex Corp (CGNX)’s stock rose 18.92%. The Tcw Group Inc holds 188,344 shares with $20.77 million value, up from 98,235 last quarter. Cognex Corp now has $9.66 billion valuation. The stock decreased 5.15% or $3.03 during the last trading session, reaching $55.77. About 8.24 million shares traded or 334.72% up from the average. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since February 17, 2017 and is uptrending. It has outperformed by 114.30% the S&P500.

Among 14 analysts covering MRC Global (NYSE:MRC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. MRC Global had 33 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Maxim Group to “Hold” on Tuesday, November 10. Seaport Global downgraded the shares of MRC in report on Wednesday, June 21 to “Hold” rating. The firm earned “Buy” rating on Tuesday, February 21 by Seaport Global Securities. The firm has “Outperform” rating given on Monday, August 7 by Cowen & Co. As per Friday, January 12, the company rating was maintained by Susquehanna. On Sunday, December 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Friday, September 16 the stock rating was initiated by Cowen & Co with “Market Perform”. The firm has “Neutral” rating given on Thursday, February 25 by Longbow. The stock of MRC Global Inc. (NYSE:MRC) has “Sector Weight” rating given on Monday, May 29 by KeyCorp. Robert W. Baird maintained MRC Global Inc. (NYSE:MRC) on Friday, September 8 with “Hold” rating. See MRC Global Inc. (NYSE:MRC) latest ratings:

19/01/2018 Broker: Alembic Rating: Buy
16/01/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $22.0 Maintain
12/01/2018 Broker: Susquehanna Rating: Buy New Target: $21.0 Maintain
10/12/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $18.0 Maintain
06/11/2017 Broker: Cowen & Co Rating: Buy New Target: $19.0 Maintain
15/10/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $20.0 Maintain
09/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $21.0 Maintain
06/10/2017 Broker: Cowen & Co Rating: Buy New Target: $24.0 Maintain
15/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
12/09/2017 Broker: JP Morgan Rating: Overweight Old Target: $25 New Target: $23 Maintain

Tcw Group Inc decreased Fs Bancorp Inc (NASDAQ:FSBW) stake by 6,200 shares to 100,568 valued at $5.19 million in 2017Q3. It also reduced D R Horton Inc (NYSE:DHI) stake by 47,560 shares and now owns 878,504 shares. Air Prods & Chems Inc (NYSE:APD) was reduced too.

Since August 14, 2017, it had 0 buys, and 3 insider sales for $2.15 million activity. ALIAS PATRICK also sold $556,565 worth of Cognex Corporation (NASDAQ:CGNX) on Tuesday, September 12. 7,000 shares valued at $745,529 were sold by J BRUCE ROBINSON on Tuesday, September 5. On Monday, August 14 the insider Willett Robert sold $6.98M. $1.01 million worth of Cognex Corporation (NASDAQ:CGNX) was sold by KRANTZ THEODOR on Monday, August 14.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. Cognex Corporation had 38 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Market Perform” rating by FBR Capital on Wednesday, May 11. As per Friday, February 17, the company rating was maintained by Needham. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Buy” rating by Canaccord Genuity on Friday, April 1. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Buy” rating by Daiwa Securities on Friday, December 8. The stock has “Buy” rating by Canaccord Genuity on Wednesday, November 18. The stock of Cognex Corporation (NASDAQ:CGNX) has “Sell” rating given on Wednesday, November 8 by J.P. Morgan. Canaccord Genuity maintained Cognex Corporation (NASDAQ:CGNX) on Monday, July 31 with “Hold” rating. As per Thursday, February 15, the company rating was maintained by Canaccord Genuity. On Tuesday, August 2 the stock rating was maintained by CLSA with “Underperform”. The firm earned “Buy” rating on Tuesday, August 4 by Needham.

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.28, from 1.33 in 2017Q2. It turned negative, as 23 investors sold CGNX shares while 135 reduced holdings. 55 funds opened positions while 111 raised stakes. 72.84 million shares or 2.02% less from 74.34 million shares in 2017Q2 were reported. Prudential Financial holds 358,686 shares or 0.07% of its portfolio. Savings Bank Of Montreal Can reported 75,133 shares. Advsrs Asset Mngmt has invested 0.02% of its portfolio in Cognex Corporation (NASDAQ:CGNX). Dupont Mgmt invested in 37,591 shares or 0.09% of the stock. Cetera, a Colorado-based fund reported 2,508 shares. Retirement System Of Alabama owns 134,202 shares. Missouri-based Scout Inc has invested 0.11% in Cognex Corporation (NASDAQ:CGNX). Franklin reported 1.10M shares. Voloridge Management Lc has invested 0.33% in Cognex Corporation (NASDAQ:CGNX). Natl Planning Corp owns 0.07% invested in Cognex Corporation (NASDAQ:CGNX) for 2,876 shares. Cookson Peirce & Incorporated holds 55,055 shares or 0.63% of its portfolio. Keybank Natl Association Oh holds 0.01% in Cognex Corporation (NASDAQ:CGNX) or 8,223 shares. Parallax Volatility Advisers Limited Partnership owns 28 shares. First Tru Ltd Partnership reported 124,405 shares stake. Texas Permanent School Fund accumulated 0.09% or 63,201 shares.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.04, from 1.04 in 2017Q2. It fall, as 21 investors sold MRC Global Inc. shares while 56 reduced holdings. 17 funds opened positions while 60 raised stakes. 88.03 million shares or 3.53% less from 91.26 million shares in 2017Q2 were reported. Laurion Capital Management L P invested in 0% or 12,900 shares. Wolverine Asset Management Ltd holds 0.02% in MRC Global Inc. (NYSE:MRC) or 102,165 shares. 75,000 were accumulated by Comml Bank Of Montreal Can. Buckhead Mngmt Lc reported 48,590 shares. Us National Bank & Trust De has invested 0% in MRC Global Inc. (NYSE:MRC). Tiaa Cref Invest Mngmt holds 440,202 shares. Natixis invested in 0% or 11,127 shares. Ig Limited reported 260,000 shares or 0.02% of all its holdings. Schwab Charles Invest Management Inc holds 0.01% in MRC Global Inc. (NYSE:MRC) or 918,183 shares. California Employees Retirement Sys invested in 319,360 shares. Alliancebernstein Limited Partnership, a New York-based fund reported 3.77 million shares. State Common Retirement Fund reported 0.01% of its portfolio in MRC Global Inc. (NYSE:MRC). Robeco Institutional Asset Bv holds 104,075 shares or 0.01% of its portfolio. Westpac, a Australia-based fund reported 359,800 shares. Envestnet Asset Mgmt, a Illinois-based fund reported 2,505 shares.

Since January 12, 2018, it had 0 insider buys, and 1 insider sale for $5.57 million activity. On Friday, January 12 Lane Andrew R sold $5.57M worth of MRC Global Inc. (NYSE:MRC) or 293,154 shares.

The stock decreased 3.80% or $0.66 during the last trading session, reaching $16.73. About 1.33M shares traded or 71.71% up from the average. MRC Global Inc. (NYSE:MRC) has risen 52.93% since February 17, 2017 and is uptrending. It has outperformed by 36.23% the S&P500.

MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related services and products to the energy industry in the United States, Canada, and internationally. The company has market cap of $1.58 billion. The firm supplies products across various markets, such as upstream, midstream, and downstream. It currently has negative earnings. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

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