Parametric Portfolio Associates LLC Grows Position in Crh Plc (CRH)
Parametric Portfolio Associates LLC increased its stake in Crh Plc (NYSE:CRH) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685,402 shares of the construction company’s stock after buying an additional 73,627 shares during the period. Parametric Portfolio Associates LLC owned 0.08% of CRH worth $25,949,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. PEAK6 Investments L.P. bought a new position in CRH in the third quarter worth about $642,000. Glovista Investments LLC bought a new position in CRH in the third quarter worth about $204,000. Financial Counselors Inc. bought a new position in shares of CRH during the third quarter valued at approximately $303,000. Dimensional Fund Advisors LP increased its stake in shares of CRH by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,717,518 shares of the construction company’s stock valued at $65,025,000 after purchasing an additional 24,974 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of CRH by 2.7% during the third quarter. Wells Fargo & Company MN now owns 273,721 shares of the construction company’s stock valued at $10,363,000 after purchasing an additional 7,252 shares in the last quarter. 3.42% of the stock is owned by institutional investors.
A number of brokerages have weighed in on CRH. Morgan Stanley raised shares of CRH from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $30.50 to $32.50 in a research note on Wednesday, September 13th. Jefferies Group began coverage on shares of CRH in a research note on Wednesday, September 27th. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded shares of CRH from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.
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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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