As Ternium (TX) Stock Rose, Westwood Global Investments Trimmed Holding; Conning Holding in Lyondellbasell Industries N (LYB) Lowered as Market Value Rose

August 10, 2018 - By Palma Niemeyer

Ternium S.A. (NYSE:TX) Logo

Westwood Global Investments Llc decreased its stake in Ternium (TX) by 10.4% based on its latest 2018Q1 regulatory filing with the SEC. Westwood Global Investments Llc sold 113,628 shares as the company’s stock rose 3.11% while stock markets declined. The institutional investor held 978,871 shares of the steel and iron ore company at the end of 2018Q1, valued at $31.80 million, down from 1.09 million at the end of the previous reported quarter. Westwood Global Investments Llc who had been investing in Ternium for a number of months, seems to be less bullish one the $6.15B market cap company. The stock decreased 3.15% or $1.02 during the last trading session, reaching $31.34. About 22,711 shares traded. Ternium S.A. (NYSE:TX) has risen 46.05% since August 10, 2017 and is uptrending. It has outperformed by 33.48% the S&P500. Some Historical TX News: 25/04/2018 – TERNIUM SA – EXPECTS COST/TON TO RISE SEQUENTIALLY AT MEXICAN UNIT; 25/04/2018 – Ternium 1Q EPS $1.87; 24/04/2018 – Ternium Files 2017 Form 20-F; 25/04/2018 – Ternium Expects Operating Income to Increase in 2Q Versus 1Q; 25/04/2018 – Ternium 1Q Net $422.1M; 15/05/2018 – TERNIUM SA TX.N : CREDIT SUISSE RAISES TARGET PRICE TO $50 FROM $35.80; 21/03/2018 Ternium Announces Annual and Extraordinary General Meetings of Shareholders; 02/05/2018 – TERNIUM HOLDERS APPROVE ALL RESOLUTIONS AT MEETINGS; 17/04/2018 – TERNIUM TX.N CEO VEDOYA SAYS U.S. TARIFFS ON STEEL MAY LEAD TO UNFAIR COMPETITION FROM CHINESE STEEL; 09/05/2018 – TERNIUM SA TX.N : MORGAN STANLEY RAISES TARGET PRICE TO $45 FROM $40

Conning Inc decreased its stake in Lyondellbasell Industries N (LYB) by 6.17% based on its latest 2018Q1 regulatory filing with the SEC. Conning Inc sold 5,283 shares as the company’s stock rose 2.94% while stock markets declined. The institutional investor held 80,372 shares of the major chemicals company at the end of 2018Q1, valued at $8.49M, down from 85,655 at the end of the previous reported quarter. Conning Inc who had been investing in Lyondellbasell Industries N for a number of months, seems to be less bullish one the $43.66 billion market cap company. The stock decreased 1.08% or $1.23 during the last trading session, reaching $112.15. About 51,755 shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 41.02% since August 10, 2017 and is uptrending. It has outperformed by 28.45% the S&P500. Some Historical LYB News: 01/05/2018 – LyondellBasell Clinton Complex Celebrates 50 Years of Operation; 30/03/2018 – LyondellBasell Names Jacinth Smiley Chief Acctg Officer; 27/04/2018 – LyondellBasell 1Q EPS $3.11; 10/04/2018 – Air Liquide Signs a New Long-Term Contract in the United States with LyondellBasell; 02/05/2018 – LyondellBasell Presenting at Barclays Conference May 16; 26/03/2018 – LyondellBasell Reports Operational Snag at Houston Refinery; 08/05/2018 – LYB: US ETHYLENE IS REGIONAL MARKET, POLYETHYLENE IS GLOBAL; 27/04/2018 – LYONDELLBASELL INDUSTRIES NV – OVER PAST TWO MONTHS, U.S. MARKET HAS EXPERIENCED AN IMBALANCE BETWEEN ETHYLENE PRODUCTION AND CONSUMPTION; 23/05/2018 – Evonik to kick off methacrylates business sale via Barclays –; 24/04/2018 – LyondellBasell to Address Wells Fargo Industrials Conference

Among 7 analysts covering Ternium (NYSE:TX), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Ternium had 15 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was upgraded by Morgan Stanley on Wednesday, December 6 to “Overweight”. The firm earned “Hold” rating on Wednesday, November 9 by HSBC. The company was maintained on Thursday, February 8 by Scotia Capital. The firm earned “Buy” rating on Monday, August 10 by Goldman Sachs. The firm has “Buy” rating by Citigroup given on Wednesday, February 24. The firm has “Buy” rating given on Thursday, April 19 by Scotia Capital. The stock of Ternium S.A. (NYSE:TX) earned “Overweight” rating by Morgan Stanley on Monday, December 7. The stock of Ternium S.A. (NYSE:TX) has “Outperform” rating given on Tuesday, May 15 by Credit Suisse. The firm earned “Buy” rating on Friday, May 13 by HSBC. The stock of Ternium S.A. (NYSE:TX) has “Equal-Weight” rating given on Monday, May 9 by Morgan Stanley.

Analysts await Ternium S.A. (NYSE:TX) to report earnings on October, 30. They expect $1.55 earnings per share, up 56.57% or $0.56 from last year’s $0.99 per share. TX’s profit will be $304.26M for 5.05 P/E if the $1.55 EPS becomes a reality. After $1.70 actual earnings per share reported by Ternium S.A. for the previous quarter, Wall Street now forecasts -8.82% negative EPS growth.

More notable recent Ternium S.A. (NYSE:TX) news were published by: Seekingalpha.com which released: “Ternium SA 2018 Q2 – Results – Earnings Call Slides” on August 01, 2018, also Seekingalpha.com with their article: “Ternium SA (TX) CEO Máximo Vedoya on Q2 2018 Results – Earnings Call Transcript” published on August 01, 2018, Seekingalpha.com published: “With Sluggish Demand, Is Ternium Really So Cheap?” on August 07, 2018. More interesting news about Ternium S.A. (NYSE:TX) were released by: Benzinga.com and their article: “Earnings Scheduled For July 31, 2018” published on July 31, 2018 as well as Seekingalpha.com‘s news article titled: “Nucor: Leveraging Higher Prices And Prior Growth Investments” with publication date: July 26, 2018.

Among 26 analysts covering LyondellBasell (NYSE:LYB), 10 have Buy rating, 3 Sell and 13 Hold. Therefore 38% are positive. LyondellBasell had 85 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was upgraded by S&P Research to “Buy” on Tuesday, October 27. The firm has “Buy” rating given on Monday, June 4 by Alembic. The rating was maintained by SunTrust with “Hold” on Thursday, September 28. The firm has “Underperform” rating given on Monday, May 8 by Bank of America. The firm has “Hold” rating by Cowen & Co given on Monday, August 28. The rating was maintained by Jefferies on Tuesday, October 10 with “Hold”. The stock of LyondellBasell Industries N.V. (NYSE:LYB) has “Hold” rating given on Tuesday, October 3 by Cowen & Co. The stock of LyondellBasell Industries N.V. (NYSE:LYB) earned “Buy” rating by Citigroup on Tuesday, July 10. The firm earned “Hold” rating on Tuesday, October 31 by RBC Capital Markets. Wells Fargo maintained it with “Buy” rating and $125.0 target in Wednesday, January 17 report.

Conning Inc, which manages about $80.03 billion and $3.11B US Long portfolio, upped its stake in V F Corp (NYSE:VFC) by 42,050 shares to 544,214 shares, valued at $40.34 million in 2018Q1, according to the filing. It also increased its holding in Pfizer Inc (NYSE:PFE) by 114,903 shares in the quarter, for a total of 1.31 million shares, and has risen its stake in Verisign Inc (NASDAQ:VRSN).

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.02, from 0.91 in 2017Q4. It dropped, as 55 investors sold LYB shares while 260 reduced holdings. 75 funds opened positions while 205 raised stakes. 281.54 million shares or 2.26% less from 288.04 million shares in 2017Q4 were reported. Moreover, Bowling Management Ltd Llc has 0.49% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 33,597 shares. Laurion Mgmt Lp reported 17,126 shares or 0.01% of all its holdings. Gargoyle Invest Advisor Ltd Liability Company has invested 0.94% in LyondellBasell Industries N.V. (NYSE:LYB). Oakworth Cap accumulated 1,556 shares or 0.04% of the stock. 62 were accumulated by Nelson Van Denburg & Campbell Wealth Group Limited Liability Corp. Cibc Markets holds 41,941 shares or 0.05% of its portfolio. Greenleaf Tru owns 2,965 shares for 0.01% of their portfolio. The California-based Wells Fargo & Mn has invested 0.08% in LyondellBasell Industries N.V. (NYSE:LYB). Ontario Teachers Pension Plan Board reported 71,700 shares. Moreover, Comml Bank Of America Corporation De has 0.05% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 2.84 million shares. Northern Tru reported 0.14% in LyondellBasell Industries N.V. (NYSE:LYB). Pinnacle Wealth Mgmt Advisory Grp Ltd Company reported 0.33% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Torray Limited Liability Corporation owns 17,484 shares or 0.19% of their US portfolio. Sg Americas Secs Limited Co stated it has 18,270 shares. Williams Jones & Llc reported 110,078 shares.

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