Wetherby Asset Management Inc. Boosts Position in CRH PLC (NYSE:CRH)
Wetherby Asset Management Inc. raised its stake in shares of CRH PLC (NYSE:CRH) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,496 shares of the construction company’s stock after buying an additional 447 shares during the period. Wetherby Asset Management Inc.’s holdings in CRH PLC were worth $479,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its position in shares of CRH PLC by 25.6% in the first quarter. Parametric Portfolio Associates LLC now owns 559,914 shares of the construction company’s stock valued at $19,692,000 after buying an additional 114,087 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of CRH PLC by 10.4% in the first quarter. Capstone Asset Management Co. now owns 85,223 shares of the construction company’s stock valued at $2,997,000 after buying an additional 8,020 shares in the last quarter. Greenleaf Trust purchased a new position in shares of CRH PLC during the first quarter valued at approximately $270,000. Princeton Alpha Management LP boosted its position in shares of CRH PLC by 7.7% in the first quarter. Princeton Alpha Management LP now owns 9,477 shares of the construction company’s stock valued at $333,000 after buying an additional 680 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of CRH PLC by 32.7% in the first quarter. Wellington Management Group LLP now owns 1,197,807 shares of the construction company’s stock valued at $42,127,000 after buying an additional 294,945 shares in the last quarter. 4.09% of the stock is currently owned by institutional investors.
CRH PLC (NYSE CRH) opened at 34.06 on Monday. CRH PLC has a 52 week low of $31.55 and a 52 week high of $38.04. The company’s 50-day moving average is $35.49 and its 200 day moving average is $35.47. The stock has a market cap of $28.35 billion, a PE ratio of 19.34 and a beta of 0.96.
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Several equities analysts recently commented on CRH shares. Bank of America Corporation raised shares of CRH PLC from a “neutral” rating to a “buy” rating in a research note on Friday, April 21st. BidaskClub cut shares of CRH PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.00.
About CRH PLC
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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