Barings LLC decreased its holdings in Parker Hannifin (NYSE:PH) by 36.4% in the first quarter, HoldingsChannel reports. The firm owned 26,064 shares of the industrial products company’s stock after selling 14,937 shares during the period. Barings LLC’s holdings in Parker Hannifin were worth $4,458,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in Parker Hannifin during the 1st quarter worth about $938,000. Olstein Capital Management L.P. acquired a new stake in Parker Hannifin during the 1st quarter worth about $3,592,000. Mckinley Capital Management LLC Delaware lifted its position in Parker Hannifin by 68.3% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 1,570 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 637 shares during the period. Boston Partners lifted its position in Parker Hannifin by 95.7% during the 1st quarter. Boston Partners now owns 1,266,759 shares of the industrial products company’s stock worth $216,654,000 after acquiring an additional 619,359 shares during the period. Finally, Stephens Inc. AR lifted its position in Parker Hannifin by 25.9% during the 1st quarter. Stephens Inc. AR now owns 2,715 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 559 shares during the period. 80.35% of the stock is owned by hedge funds and other institutional investors.
Top High Tech Stocks To Own Right Now: Ctrip.com International, Ltd.(CTRP)
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel management in the People's Republic of China. It also offers independent leisure travelers bundled packaged-tour products, including group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving. In addition, the company provides integrated transportation and accommodation services; various value-added services, including transportation at destinations and tickets, insurance, visa services, and tour guides; supplier management and customer relationship management services; and car rental services. Further, it offers Internet-related advertising, aviation and train insurance selling, air-ticket delivery, online check-in, and online seat selection and flight dynamics services; and sells Property Management System, a hotel information software, as well as provides related maintenance services. Ctrip.com International, Ltd. was founded in 1999 and is headquartered in Shanghai, the People's Republic of China.
Tuesday was quiet on Wall Street, and major stock indexes edged lower without straying too far from where they started the session. Market participants seemed content to wait for more definitive news on key issues, including global trade, economic growth, and the U.S. debt ceiling. However, analysts spoke up about some promising stocks, sending their share prices higher. Aurora Cannabis (NYSE:ACB), Ctrip.com International (NASDAQ:CTRP), and Carvana (NYSE:CVNA) were among the top performers. Here's why they did so well. Shares of Ctrip.com (NASDAQ:CTRP) have surged today, up by 21% as of 11:45 a.m. EST, after the company reported fourth-quarter earnings results. The China-based travel platform beat expectations for both the top and bottom lines. Ctrip.com International Ltd. (NASDAQ: CTRP) was raised to Overweight from Neutral and the target price was raised to $45 from $33 at JPMorgan. Freshpet Inc. (NASDAQ: FRPT) was maintained as Neutral but the target price was raised to $36 from $32 at Credit Suisse. Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; and natural gas liquids fractionation facilities and transportation systems. The CO2 segment produces, transports, and markets CO2 for use in enhanced oil recovery projects; and owns interest in oil-producing fields, gas processing plants, and crude oil pipelines located in the Permian Basin region of West Texas. The Terminals segment owns and operates liquids and bulk terminals, and rail transloading and materials handling facilities that transload and store refined petroleum products; crude oil; condensate; and bulk products, including coal, petroleum coke, cement, alumina, salt, and other bulk chemicals, as well as owns and operates seven tankers. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Kinder Morgan Canada segment owns and operates Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, and Canada to marketing terminals and refineries in British Columbia, Canada, and Washington State; and aviation turbine fuel pipeline. The Other segment includes various physical natural gas contracts with power plants. Kinder Morgan, Inc. owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas. Launched by John Hancock in 1989, this closed-end fund targets dividend-paying preferred and common stock. There are more than 100 securities in the portfolio issued by cash generators such as Verizon (NYSE: VZ) and Kinder Morgan (NYSE: KMI). But the biggest weighting goes to utilities and financial firms, which occupy nearly 80% of assets. Abacus Planning Group Inc. reduced its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 91.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,450 shares of the pipeline company’s stock after selling 25,495 shares during the period. Abacus Planning Group Inc.’s holdings in Kinder Morgan were worth $284,000 at the end of the most recent reporting period. (NasdaqOTH: ANNSF) Data source: S&P Global. Kinder Morgan (NYSE:KMI) has come a long way over the past few years. The natural gas pipeline giant sold several assets to shore up its balance sheet so that it could fund a growing list of high-return expansion projects. With its finances back on solid ground, the company was able to return to growth mode last year -- a phase that should continue for at least the next couple of years. Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. Its targeted asset classes include non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; interest-only RMBS; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties. The company's investments in residential mortgage loans include prime mortgage loans; Alt-A mortgage loans; seasoned sub-prime mortgage loans; FHA/VA insured loans; mortgage servicing rights associated with residential mortgage loans; mortgage loans collateralized by manufactured or pre-fabricated homes; and mortgage loans collateralized by second lien, home equity lines of credit, and other similar financing arrangements. Its investments in other asset-backed securities (ABS) comprise commercial mortgage-backed securities, debt and equity tranches of collateralized debt obligations, consumer and non-consumer ABS, and loans collateralized by commercial real estate, fixed assets, and equipment. The company's investments in derivative instruments consist of swaps, swaptions, futures, and index and mortgage options. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Chimera Investment Corporation was founded in 2007 and is based in New York, New York. Chimera Investment Corp. (NYSE: CIM) was downgraded to Hold from Buy at Deutsche Bank. Comerica Inc. (NYSE: CMA) was downgraded to Market Perform from Outperform with an $83 price target (versus an $84.47 close) at BMO Capital Markets. Chimera Investment Corp (NYSE:CIM)Q4 2018 Earnings Conference CallFeb. 13, 2019, 9:00 a.m. ET Operator Public Employees Retirement Association of Colorado trimmed its position in shares of Chimera Investment Co. (NYSE:CIM) by 18.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,307 shares of the real estate investment trust’s stock after selling 11,267 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Chimera Investment were worth $893,000 at the end of the most recent reporting period. Top High Tech Stocks To Own Right Now: Kinder Morgan, Inc.(KMI)
Top High Tech Stocks To Own Right Now: Chimera Investment Corporation(CIM)
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