Icahn Enterprises L.P. (IEP) Position Held by CIBC Asset Management Inc
CIBC Asset Management Inc continued to hold its stake in Icahn Enterprises L.P. (NASDAQ:IEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,134 shares of the conglomerate’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Icahn Enterprises L.P. were worth $214,000 at the end of the most recent quarter.
Shares of Icahn Enterprises L.P. (IEP) opened at 50.00 on Monday. Icahn Enterprises L.P. has a 1-year low of $45.42 and a 1-year high of $64.80.
Icahn Enterprises L.P. (NASDAQ:IEP) last announced its earnings results on Tuesday, August 8th. The conglomerate reported $9.51 EPS for the quarter, topping the consensus estimate of $0.49 by $9.02. The business had revenue of $6.65 billion during the quarter. Icahn Enterprises L.P. had a net margin of 6.35% and a return on equity of 15.51%. Equities research analysts expect that Icahn Enterprises L.P. will post $1.40 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 14th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 12.00%. The ex-dividend date is Thursday, August 10th. Icahn Enterprises L.P.’s payout ratio is 38.22%.
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Several equities research analysts recently weighed in on IEP shares. BidaskClub upgraded shares of Icahn Enterprises L.P. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. ValuEngine upgraded shares of Icahn Enterprises L.P. from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 target price on shares of Icahn Enterprises L.P. in a research note on Wednesday, August 9th. Finally, TheStreet upgraded shares of Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.50.
About Icahn Enterprises L.P.
Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.
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