Altra Industrial Motion Corp. (AIMC) Holding Maintained by Wedge Capital Management L L P; As Cognex (CGNX) Stock Value Declined, Kayne Anderson Rudnick Investment Management Raised Position by $28.07 Million

April 17, 2018 - By Louis Casey

Cognex Corporation (NASDAQ:CGNX) Logo

Wedge Capital Management L LP increased its stake in Altra Industrial Motion Corp. (AIMC) by 5.03% based on its latest 2017Q4 regulatory filing with the SEC. Wedge Capital Management L LP bought 18,764 shares as the company’s stock declined 7.48% with the market. The institutional investor held 392,141 shares of the industrial machinery and components company at the end of 2017Q4, valued at $19.76M, up from 373,377 at the end of the previous reported quarter. Wedge Capital Management L LP who had been investing in Altra Industrial Motion Corp. for a number of months, seems to be bullish on the $1.35 billion market cap company. The stock increased 0.66% or $0.3 during the last trading session, reaching $45.85. About 167,803 shares traded. Altra Industrial Motion Corp. (NASDAQ:AIMC) has risen 22.65% since April 17, 2017 and is uptrending. It has outperformed by 11.10% the S&P500.

Kayne Anderson Rudnick Investment Management Llc increased its stake in Cognex Corp (CGNX) by 98.97% based on its latest 2017Q4 regulatory filing with the SEC. Kayne Anderson Rudnick Investment Management Llc bought 460,172 shares as the company’s stock declined 13.83% with the market. The institutional investor held 925,139 shares of the industrial machinery and components company at the end of 2017Q4, valued at $56.58 million, up from 464,967 at the end of the previous reported quarter. Kayne Anderson Rudnick Investment Management Llc who had been investing in Cognex Corp for a number of months, seems to be bullish on the $8.80B market cap company. The stock increased 0.08% or $0.04 during the last trading session, reaching $50.89. About 169,683 shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 31.99% since April 17, 2017 and is uptrending. It has outperformed by 20.44% the S&P500.

Since March 12, 2018, it had 0 insider buys, and 1 sale for $564,892 activity.

Kayne Anderson Rudnick Investment Management Llc, which manages about $9.04 billion and $12.33B US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 2,012 shares to 152,039 shares, valued at $28.82 million in 2017Q4, according to the filing. It also reduced its holding in Amazon Com Inc (NASDAQ:AMZN) by 271 shares in the quarter, leaving it with 51,283 shares, and cut its stake in Cincinnati Finl Corp (NASDAQ:CINF).

Investors sentiment increased to 6.53 in Q4 2017. Its up 5.48, from 1.05 in 2017Q3. It improved, as 32 investors sold CGNX shares while 21 reduced holdings. 84 funds opened positions while 262 raised stakes. 268.44 million shares or 268.52% more from 72.84 million shares in 2017Q3 were reported. Strs Ohio holds 2,187 shares or 0% of its portfolio. Legal General Group Inc Public Limited Com reported 302,585 shares stake. Visionary Asset Inc stated it has 4,375 shares. Dorsey Wright & Assocs has invested 0.57% in Cognex Corporation (NASDAQ:CGNX). Neuberger Berman Group Limited Liability Corporation reported 3.60M shares stake. Raymond James Service Advsrs owns 0.02% invested in Cognex Corporation (NASDAQ:CGNX) for 51,186 shares. Hanseatic Svcs holds 22,642 shares. Thomas Story And Son Limited Company reported 163,600 shares. Arete Wealth Advsr Ltd Limited Liability Company accumulated 14,845 shares. Apg Asset Mngmt Nv, Netherlands-based fund reported 146,800 shares. Toronto Dominion Financial Bank reported 0% stake. Sit Invest Assoc has invested 0.02% in Cognex Corporation (NASDAQ:CGNX). Moreover, Paloma Prtn Mgmt has 0.01% invested in Cognex Corporation (NASDAQ:CGNX). Schwab Charles Investment accumulated 0.03% or 620,755 shares. Earnest Prtnrs Lc invested in 0% or 60 shares.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Cognex Corporation had 42 analyst reports since August 4, 2015 according to SRatingsIntel. FBR Capital initiated the shares of CGNX in report on Wednesday, November 11 with “Mkt Perform” rating. The firm earned “Buy” rating on Tuesday, February 13 by Cowen & Co. The stock has “Buy” rating by Cowen & Co on Wednesday, August 2. Needham maintained the shares of CGNX in report on Tuesday, November 1 with “Buy” rating. The firm has “Buy” rating by Canaccord Genuity given on Friday, April 1. The stock has “Outperform” rating by Credit Agricole on Tuesday, November 3. The rating was downgraded by J.P. Morgan on Wednesday, November 8 to “Sell”. The stock has “Hold” rating by Canaccord Genuity on Tuesday, October 31. The firm earned “Hold” rating on Monday, July 31 by Canaccord Genuity. Canaccord Genuity maintained the shares of CGNX in report on Tuesday, November 3 with “Hold” rating.

Wedge Capital Management L L P, which manages about $10.84B and $11.15B US Long portfolio, decreased its stake in Hartford Financial Services Group Inc. (NYSE:HIG) by 24,277 shares to 563,768 shares, valued at $31.73 million in 2017Q4, according to the filing. It also reduced its holding in Pultegroup Inc. (NYSE:PHM) by 456,540 shares in the quarter, leaving it with 865,820 shares, and cut its stake in Unitedhealth Group Incorporated (NYSE:UNH).

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.19, from 1.3 in 2017Q3. It dropped, as 14 investors sold AIMC shares while 48 reduced holdings. 21 funds opened positions while 48 raised stakes. 28.68 million shares or 0.42% less from 28.80 million shares in 2017Q3 were reported. Bancorp Of America De, North Carolina-based fund reported 246,039 shares. Tiaa Cref Invest Limited Liability reported 0% of its portfolio in Altra Industrial Motion Corp. (NASDAQ:AIMC). Schwab Charles invested 0.01% in Altra Industrial Motion Corp. (NASDAQ:AIMC). Eagle Boston Inv Mngmt Inc invested in 1.09% or 216,914 shares. 50,306 were reported by Friess Assocs Ltd Com. Great West Life Assurance Can has 0% invested in Altra Industrial Motion Corp. (NASDAQ:AIMC). Brinker Capital stated it has 11,803 shares or 0.02% of all its holdings. Aperio Grp Limited Liability invested 0% in Altra Industrial Motion Corp. (NASDAQ:AIMC). Frontier Cap Mngmt Limited Liability Com owns 552,172 shares for 0.2% of their portfolio. Bnp Paribas Arbitrage stated it has 5,941 shares or 0% of all its holdings. Oppenheimer Asset Incorporated reported 31,041 shares. Northern Trust accumulated 0% or 366,222 shares. Susquehanna Int Gp Inc Ltd Liability Partnership invested in 25,671 shares or 0% of the stock. Da Davidson Com reported 4,095 shares. State Street Corp has invested 0% in Altra Industrial Motion Corp. (NASDAQ:AIMC).

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>