Legal & General Group Plc Has $17.57 Million Stake in Conagra Brands $CAG
Legal & General Group Plc has reported a $17.57 million stake in Conagra Brands, despite reducing its position by 9.1% in the fourth quarter. Conagra Brands (NYSE:CAG) is trading near its 52-week low, and analyst sentiment remains weak with a "Reduce" consensus rating and a target price of $15.47. The company recently declared a quarterly dividend of $0.35 per share, resulting in a high yield, and experienced mixed Q4 earnings results.
Church & Dwight Co., Inc. $CHD Shares Sold by National Pension Service
National Pension Service significantly reduced its stake in Church & Dwight Co., Inc. by 97.0% during the fourth quarter, selling 358,028 shares. Following this, their holdings in CHD were valued at $918,000. Other institutional investors showed mixed activity, with some increasing and others initiating positions in the company's stock.
Rockwell Automation, Inc. $ROK Shares Sold by Savant Capital LLC
Savant Capital LLC reduced its stake in Rockwell Automation (NYSE:ROK) by 48.2% during the fourth quarter, selling 2,876 shares and holding 3,097 shares valued at $1.205 million. Other hedge funds also adjusted their positions, while company insiders sold over 11,000 shares worth more than $5 million in the last ninety days. Rockwell Automation recently beat earnings estimates, reported a revenue increase, and announced a quarterly dividend of $1.38 per share.
Intech Investment Management LLC Purchases 2,116 Shares of Cavco Industries, Inc. $CVCO
Intech Investment Management LLC significantly increased its stake in Cavco Industries (NASDAQ:CVCO) by 58% in Q4, acquiring an additional 2,116 shares to bring its total holding to 5,766 shares valued at approximately $3.4 million. This move comes as Cavco Industries reported better-than-expected earnings of $5.42 per share, although revenue was slightly below estimates. Analysts currently have a "Moderate Buy" consensus rating for the stock, with an average target price of $550.00.
National Pension Service Buys 14,701 Shares of Textron Inc. $TXT
National Pension Service has increased its stake in Textron Inc. (NYSE:TXT) by 17.5%, purchasing an additional 14,701 shares, bringing its total holdings to 98,656 shares valued at $8.6 million. Other institutional investors also adjusted their positions in Textron, which currently has a "Hold" rating from analysts with a consensus price target of $101.18. Textron recently announced a quarterly dividend of $0.02 per share and reported strong Q1 earnings, beating analyst estimates.
FirstEnergy Corporation $FE Shares Purchased by Intech Investment Management LLC
Intech Investment Management LLC significantly increased its stake in FirstEnergy Corporation ($FE) by 42.8% in Q4, bringing its total holdings to 85,247 shares valued at $3.8 million. Other institutional investors also adjusted their positions, with overall institutional and hedge fund ownership reaching 89.41%. Despite FirstEnergy meeting earnings estimates for the quarter and beating revenue expectations, the stock saw a 2.1% dip, and there has been recent insider selling activity.
National Pension Service Sells 142,733 Shares of VeriSign, Inc. $VRSN
National Pension Service has significantly reduced its stake in VeriSign, Inc. (NASDAQ:VRSN) by selling 142,733 shares, decreasing its holdings by 87.4% in Q4. Despite this, several other institutional investors like Vanguard Group Inc. and State Street Corp increased their positions in the company during Q3 and Q4. VeriSign reported strong quarterly earnings and revenue, exceeding analyst estimates, and announced a dividend of $0.81 per share.
Hillsdale Investment Management Inc. Makes New $935,000 Investment in Jabil, Inc. $JBL
Hillsdale Investment Management Inc. has acquired a new position in Jabil, Inc. (NYSE:JBL) by purchasing 4,100 shares valued at approximately $935,000 during the fourth quarter. Other institutional investors have also adjusted their holdings in Jabil, which currently has a market capitalization of $37.94 billion and a consensus "Moderate Buy" rating from analysts. The company recently reported strong quarterly earnings, beating analyst estimates, and declared a quarterly dividend.
HighTower Advisors LLC Purchases 4,043 Shares of J.B. Hunt Transport Services, Inc. $JBHT
HighTower Advisors LLC increased its stake in J.B. Hunt Transport Services, Inc. by 71.7% in the fourth quarter, acquiring 4,043 additional shares to bring its total holdings to 9,684 shares valued at $1.88 million. J.B. Hunt reported stronger-than-expected quarterly results, and analysts maintain a "Moderate Buy" rating with an average price target of $228.17. Despite insider stock sales, institutional investors collectively own 74.95% of the company's stock.
Legal & General Group Plc Sells 56,249 Shares of Invesco Ltd. $IVZ
Legal & General Group Plc has reduced its stake in Invesco Ltd. by selling 56,249 shares, leaving it with 728,896 shares valued at approximately $19.15 million. Invesco's stock saw a 3.3% decline, trading at $27.51, while the company recently raised its quarterly dividend to $0.215 per share. Analysts currently give Invesco a consensus "Hold" rating, despite mixed quarterly results that missed EPS and revenue estimates.