As Santander Consumer Usa Hdg I (SC) Market Valuation Declined, Windacre Partnership Has Lowered Position by $67.02 Million; As Rexnord New (RXN) Share Value Rose, Water Asset Management Raised by $8.00 Million Its Stake

May 17, 2018 - By Adrian Erickson

Rexnord Corporation (NYSE:RXN) Logo

Water Asset Management Llc increased its stake in Rexnord Corp New (RXN) by 67.8% based on its latest 2017Q4 regulatory filing with the SEC. Water Asset Management Llc bought 307,831 shares as the company’s stock rose 12.99% while stock markets declined. The hedge fund held 761,834 shares of the industrial machinery and components company at the end of 2017Q4, valued at $19.82 million, up from 454,003 at the end of the previous reported quarter. Water Asset Management Llc who had been investing in Rexnord Corp New for a number of months, seems to be bullish on the $2.99B market cap company. The stock increased 0.45% or $0.13 during the last trading session, reaching $28.78. About 756,248 shares traded. Rexnord Corporation (NYSE:RXN) has risen 29.81% since May 17, 2017 and is uptrending. It has outperformed by 18.26% the S&P500.

Windacre Partnership Llc decreased its stake in Santander Consumer Usa Hdg I (SC) by 29.59% based on its latest 2017Q4 regulatory filing with the SEC. Windacre Partnership Llc sold 3.72 million shares as the company’s stock declined 13.77% with the market. The institutional investor held 8.86 million shares of the consumer services company at the end of 2017Q4, valued at $165.00M, down from 12.58 million at the end of the previous reported quarter. Windacre Partnership Llc who had been investing in Santander Consumer Usa Hdg I for a number of months, seems to be less bullish one the $7.14 billion market cap company. The stock decreased 0.10% or $0.02 during the last trading session, reaching $19.76. About 1.41M shares traded. Santander Consumer USA Holdings Inc. (NYSE:SC) has risen 23.52% since May 17, 2017 and is uptrending. It has outperformed by 11.97% the S&P500.

Investors sentiment increased to 1.71 in 2017 Q4. Its up 0.18, from 1.53 in 2017Q3. It increased, as 22 investors sold RXN shares while 41 reduced holdings. 39 funds opened positions while 69 raised stakes. 100.94 million shares or 2.42% less from 103.44 million shares in 2017Q3 were reported. American Century Companies reported 303,082 shares. Prelude Capital Limited Liability accumulated 6,984 shares or 0.01% of the stock. Amundi Pioneer Asset Inc has 0.04% invested in Rexnord Corporation (NYSE:RXN). Fifth Third Comml Bank holds 1,260 shares. Grp Incorporated One Trading LP accumulated 0% or 277 shares. Broadview Advisors Ltd Com stated it has 643,575 shares. California State Teachers Retirement Sys has 164,184 shares. Nordea Mngmt Ab invested in 95,466 shares. Prudential accumulated 19,534 shares. 435,548 are owned by Elk Creek Prtn Limited. Polar Asset Mngmt Prtn Inc holds 839,400 shares. Engineers Gate Manager Limited Partnership stated it has 0.09% in Rexnord Corporation (NYSE:RXN). Cim Invest Mangement Inc holds 0.16% or 17,631 shares in its portfolio. California Pub Employees Retirement Sys holds 0.01% or 246,646 shares in its portfolio. Indexiq Limited Liability Corporation holds 0.04% or 42,469 shares.

More important recent Rexnord Corporation (NYSE:RXN) news were published by: Seekingalpha.com which released: “Rexnord’s (RXN) CEO Todd Adams on Q4 2018 Results – Earnings Call Transcript” on May 15, 2018, also Benzinga.com published article titled: “Earnings Scheduled For May 14, 2018”, Benzinga.com published: “7 Stocks To Watch For May 14, 2018” on May 14, 2018. More interesting news about Rexnord Corporation (NYSE:RXN) was released by: Seekingalpha.com and their article: “Rexnord Seeing Its Process Markets Kicking In” with publication date: May 16, 2018.

Water Asset Management Llc, which manages about $352.48M and $208.23M US Long portfolio, decreased its stake in California Wtr Svc Group (NYSE:CWT) by 99,000 shares to 111,378 shares, valued at $5.05M in 2017Q4, according to the filing. It also reduced its holding in Sjw Group (NYSE:SJW) by 35,900 shares in the quarter, leaving it with 86,908 shares, and cut its stake in Select Energy Svcs Inc.

Among 10 analysts covering Rexnord Corporation (NYSE:RXN), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Rexnord Corporation had 32 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, February 1, the company rating was maintained by SunTrust. Robert W. Baird maintained the stock with “Buy” rating in Thursday, August 24 report. The firm has “Neutral” rating by Robert W. Baird given on Thursday, June 23. The rating was upgraded by Robert W. Baird to “Outperform” on Tuesday, November 8. Robert W. Baird maintained the stock with “Buy” rating in Thursday, February 1 report. The rating was maintained by SunTrust on Thursday, March 22 with “Buy”. The firm earned “Buy” rating on Tuesday, November 3 by Suntrust Robinson. The stock of Rexnord Corporation (NYSE:RXN) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, February 1. The rating was downgraded by Oppenheimer on Thursday, October 15 to “Market Perform”. The firm has “Outperform” rating by Oppenheimer given on Thursday, February 8.

Windacre Partnership Llc, which manages about $214.22 million and $878.30 million US Long portfolio, upped its stake in Companhia De Saneamento Basi (NYSE:SBS) by 1.88 million shares to 14.39 million shares, valued at $150.37 million in 2017Q4, according to the filing.

Another recent and important Santander Consumer USA Holdings Inc. (NYSE:SC) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for Comerica, Valley National, Santander Consumer, Sterling, Kemet, and …” on May 11, 2018.

Analysts await Santander Consumer USA Holdings Inc. (NYSE:SC) to report earnings on July, 27. They expect $0.74 EPS, up 5.71% or $0.04 from last year’s $0.7 per share. SC’s profit will be $267.35M for 6.68 P/E if the $0.74 EPS becomes a reality. After $0.67 actual EPS reported by Santander Consumer USA Holdings Inc. for the previous quarter, Wall Street now forecasts 10.45% EPS growth.

Among 25 analysts covering Santander Consumer USA Holdings (NYSE:SC), 12 have Buy rating, 0 Sell and 13 Hold. Therefore 48% are positive. Santander Consumer USA Holdings had 72 analyst reports since August 3, 2015 according to SRatingsIntel. Barclays Capital downgraded Santander Consumer USA Holdings Inc. (NYSE:SC) rating on Tuesday, July 26. Barclays Capital has “Equal-Weight” rating and $10 target. On Monday, January 8 the stock rating was initiated by Oppenheimer with “Hold”. The stock of Santander Consumer USA Holdings Inc. (NYSE:SC) has “Hold” rating given on Friday, July 28 by Piper Jaffray. The stock of Santander Consumer USA Holdings Inc. (NYSE:SC) has “Market Outperform” rating given on Tuesday, July 18 by JMP Securities. The rating was maintained by Morgan Stanley on Thursday, February 1 with “Equal-Weight”. The company was maintained on Monday, May 15 by Jefferies. The stock of Santander Consumer USA Holdings Inc. (NYSE:SC) earned “Buy” rating by Citigroup on Friday, April 1. On Thursday, April 21 the stock rating was initiated by Janney Capital with “Neutral”. UBS reinitiated the shares of SC in report on Friday, April 1 with “Buy” rating. The company was maintained on Tuesday, December 20 by Morgan Stanley.

Investors sentiment increased to 1.86 in Q4 2017. Its up 0.68, from 1.18 in 2017Q3. It improved, as 12 investors sold SC shares while 47 reduced holdings. 50 funds opened positions while 60 raised stakes. 113.36 million shares or 0.10% more from 113.25 million shares in 2017Q3 were reported. Commonwealth National Bank Of Australia has 99,189 shares for 0.02% of their portfolio. Preferred Limited Liability Co holds 0.04% or 5,480 shares. Prudential Financial owns 0.05% invested in Santander Consumer USA Holdings Inc. (NYSE:SC) for 1.97M shares. 53,955 are held by Bank & Trust Of America Corp De. Guggenheim Cap Ltd Liability reported 15,380 shares stake. Sei Investments reported 15,174 shares. Philadelphia Financial Mngmt Of San Francisco Ltd holds 5.42% or 1.97 million shares. Adage Capital Prtnrs Grp Ltd Co stated it has 0.01% of its portfolio in Santander Consumer USA Holdings Inc. (NYSE:SC). Fuller Thaler Asset Mngmt owns 7,900 shares or 0% of their US portfolio. Symphony Asset Management Lc holds 0.09% in Santander Consumer USA Holdings Inc. (NYSE:SC) or 50,155 shares. Manufacturers Life Insur The reported 0% in Santander Consumer USA Holdings Inc. (NYSE:SC). Fincl Bank Of Mellon Corp holds 0% or 834,123 shares. Gsa Cap Prtn Llp reported 98,178 shares or 0.11% of all its holdings. Susquehanna Interest Llp holds 0% in Santander Consumer USA Holdings Inc. (NYSE:SC) or 243,885 shares. Continental Advsr stated it has 448,945 shares.

Rexnord Corporation (NYSE:RXN) Institutional Positions Chart

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