Emerald Advisers Has Boosted Its Position in Kennametal (KMT) by $2.44 Million as Share Price Declined; As Albemarle Com (ALB) Market Value Rose, Pillar Pacific Capital Management Has Upped Position by $405,280

February 20, 2018 - By wolcottdaily

Emerald Advisers Inc increased its stake in Kennametal Inc (KMT) by 8.77% based on its latest 2017Q3 regulatory filing with the SEC. Emerald Advisers Inc bought 60,953 shares as the company’s stock declined 1.24% while stock markets rallied. The institutional investor held 756,191 shares of the industrial machinery and components company at the end of 2017Q3, valued at $30.51 million, up from 695,238 at the end of the previous reported quarter. Emerald Advisers Inc who had been investing in Kennametal Inc for a number of months, seems to be bullish on the $3.61 billion market cap company. The stock increased 0.14% or $0.06 during the last trading session, reaching $44.25. About 1.09 million shares traded or 3.08% up from the average. Kennametal Inc. (NYSE:KMT) has risen 68.13% since February 20, 2017 and is uptrending. It has outperformed by 51.43% the S&P500.

Pillar Pacific Capital Management Llc increased its stake in Albemarle Corp Com (ALB) by 9.43% based on its latest 2017Q3 regulatory filing with the SEC. Pillar Pacific Capital Management Llc bought 2,980 shares as the company’s stock rose 20.02% with the market. The institutional investor held 34,590 shares of the major chemicals company at the end of 2017Q3, valued at $4.72M, up from 31,610 at the end of the previous reported quarter. Pillar Pacific Capital Management Llc who had been investing in Albemarle Corp Com for a number of months, seems to be bullish on the $12.40B market cap company. The stock decreased 2.07% or $2.37 during the last trading session, reaching $112.24. About 1.67 million shares traded. Albemarle Corporation (NYSE:ALB) has risen 45.60% since February 20, 2017 and is uptrending. It has outperformed by 28.90% the S&P500.

Emerald Advisers Inc, which manages about $1.71 billion and $2.46B US Long portfolio, decreased its stake in Manitowoc Company (NYSE:MTW) by 369,903 shares to 1.20 million shares, valued at $10.83M in 2017Q3, according to the filing. It also reduced its holding in Sage Therapeutics Inc (NASDAQ:SAGE) by 107,125 shares in the quarter, leaving it with 75,679 shares, and cut its stake in Burlington Stores Inc (NYSE:BURL).

Among 16 analysts covering Kennametal Inc. (NYSE:KMT), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Kennametal Inc. had 47 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Kennametal Inc. (NYSE:KMT) earned “Neutral” rating by JP Morgan on Friday, February 3. The stock of Kennametal Inc. (NYSE:KMT) has “Hold” rating given on Tuesday, July 18 by BMO Capital Markets. The rating was downgraded by UBS on Wednesday, October 28 to “Sell”. The rating was downgraded by Bank of America to “Underperform” on Wednesday, November 4. On Thursday, August 17 the stock rating was upgraded by JP Morgan to “Overweight”. The rating was downgraded by Stifel Nicolaus to “Hold” on Wednesday, May 4. The stock of Kennametal Inc. (NYSE:KMT) earned “Hold” rating by Stifel Nicolaus on Thursday, October 5. The firm has “Buy” rating given on Friday, September 15 by KeyBanc Capital Markets. The stock has “Buy” rating by Goldman Sachs on Monday, October 31. The stock of Kennametal Inc. (NYSE:KMT) has “Neutral” rating given on Tuesday, August 11 by Bank of America.

Investors sentiment decreased to 1.09 in 2017 Q3. Its down 0.12, from 1.21 in 2017Q2. It worsened, as 31 investors sold KMT shares while 75 reduced holdings. 40 funds opened positions while 76 raised stakes. 77.53 million shares or 1.84% more from 76.13 million shares in 2017Q2 were reported. Guggenheim Cap Ltd has invested 0% in Kennametal Inc. (NYSE:KMT). State Treasurer State Of Michigan stated it has 30,360 shares. Columbus Circle invested in 582,804 shares or 0.4% of the stock. Oregon Employees Retirement Fund invested 0.02% in Kennametal Inc. (NYSE:KMT). Tower Research Capital Lc (Trc) reported 8,504 shares or 0.03% of all its holdings. Morgan Stanley has 0% invested in Kennametal Inc. (NYSE:KMT). Sei Invests Com holds 0% or 6,397 shares in its portfolio. Oakbrook Investments Ltd Liability Company stated it has 0.02% of its portfolio in Kennametal Inc. (NYSE:KMT). Chicago Equity Prtnrs Ltd Liability Co reported 0.11% in Kennametal Inc. (NYSE:KMT). Ariel Invests Ltd Liability has 5.49M shares. 245,423 are held by Clarivest Asset Mngmt Ltd Com. Invest House Limited Liability holds 0.03% of its portfolio in Kennametal Inc. (NYSE:KMT) for 6,400 shares. Price T Rowe Associate Incorporated Md has invested 0% in Kennametal Inc. (NYSE:KMT). Employees Retirement Sys Of Ohio has invested 0.01% in Kennametal Inc. (NYSE:KMT). Bowen Hanes & has 0.87% invested in Kennametal Inc. (NYSE:KMT).

Since August 30, 2017, it had 0 insider purchases, and 2 selling transactions for $980,093 activity. Keating Michelle R also sold $20,093 worth of Kennametal Inc. (NYSE:KMT) shares.

Among 21 analysts covering Albemarle Corporation (NYSE:ALB), 13 have Buy rating, 0 Sell and 8 Hold. Therefore 62% are positive. Albemarle Corporation had 63 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Albemarle Corporation (NYSE:ALB) earned “Hold” rating by Seaport Global on Monday, February 5. On Monday, June 12 the stock rating was maintained by RBC Capital Markets with “Buy”. Oppenheimer initiated Albemarle Corporation (NYSE:ALB) on Wednesday, August 16 with “Buy” rating. The firm has “Buy” rating given on Monday, November 2 by Citigroup. The rating was maintained by Jefferies with “Buy” on Thursday, May 12. The stock of Albemarle Corporation (NYSE:ALB) earned “Neutral” rating by UBS on Thursday, August 4. The stock of Albemarle Corporation (NYSE:ALB) has “Buy” rating given on Friday, August 7 by SunTrust. As per Monday, May 8, the company rating was maintained by RBC Capital Markets. As per Wednesday, September 16, the company rating was maintained by Deutsche Bank. The company was maintained on Wednesday, April 5 by Jefferies.

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