Robeco Institutional Asset Management Has Trimmed Its Holding in Albemarle (ALB) as Share Value Declined; Daruma Capital Management Decreased Its Position in Pros Holdings (PRO) as Share Price Rose

August 12, 2018 - By Kristin Houston

Albemarle Corporation (NYSE:ALB) Logo

Robeco Institutional Asset Management decreased its stake in Albemarle Corp (ALB) by 40.73% based on its latest 2018Q1 regulatory filing with the SEC. Robeco Institutional Asset Management sold 90,240 shares as the company’s stock declined 13.88% with the market. The institutional investor held 131,333 shares of the major chemicals company at the end of 2018Q1, valued at $12.18 million, down from 221,573 at the end of the previous reported quarter. Robeco Institutional Asset Management who had been investing in Albemarle Corp for a number of months, seems to be less bullish one the $10.91B market cap company. The stock decreased 2.24% or $2.26 during the last trading session, reaching $98.5. About 1.34 million shares traded. Albemarle Corporation (NYSE:ALB) has declined 15.78% since August 12, 2017 and is downtrending. It has underperformed by 28.35% the S&P500. Some Historical ALB News: 16/04/2018 – Albemarle Names Glen Merfeld Chief Technology Officer for Lithium Business; 15/05/2018 – Albemarle Presenting at Deutsche Bank Conference Jun 7; 10/05/2018 – ALBEMARLE CALL CONCLUDES; 29/05/2018 – Albemarle Corporation to Attend Citi’s Chemicals Conference; 14/05/2018 – ALBEMARLE CORP – ON MAY 11, ENTERED AGREEMENTS RELATING TO AN UNCOLLARED ACCELERATED SHARE REPURCHASE PROGRAM – SEC FILING; 17/05/2018 – Fitch Upgrades Albemarle Corp.’s IDR to ‘BBB’/’F2’; 03/04/2018 – Grace Completes Acquisition Of Albemarle Polyolefin Catalysts Business; 27/03/2018 – China Wants in on the Clean, Copious, and Chilean Energy Boom; 26/03/2018 – ALBEMARLE MAY BECOME PURE-PLAY LITHIUM IF VALUATION JUSTIFIES; 09/05/2018 – ALBEMARLE CORP – SEES 2018 ADJUSTED EPS OF $5.10 – $5.40

Daruma Capital Management Llc decreased its stake in Pros Holdings Inc (PRO) by 4.47% based on its latest 2018Q1 regulatory filing with the SEC. Daruma Capital Management Llc sold 84,149 shares as the company’s stock rose 12.46% while stock markets declined. The hedge fund held 1.80M shares of the technology company at the end of 2018Q1, valued at $59.36 million, down from 1.88M at the end of the previous reported quarter. Daruma Capital Management Llc who had been investing in Pros Holdings Inc for a number of months, seems to be less bullish one the $1.31 billion market cap company. The stock increased 0.78% or $0.31 during the last trading session, reaching $39.99. About 119,311 shares traded. PROS Holdings, Inc. (NYSE:PRO) has risen 19.83% since August 12, 2017 and is uptrending. It has outperformed by 7.26% the S&P500. Some Historical PRO News: 26/04/2018 – PROS Holdings Sees 2Q Loss/Shr 21c-Loss 19c; 26/04/2018 – PROS HOLDINGS INC SEES 2018 TOTAL REVENUE $188.0 MLN TO $191.0 MLN; 27/04/2018 – PROS HOLDINGS INC PRO.N : CRAIG-HALLUM RAISES TARGET PRICE TO $25 FROM $24; 13/03/2018 – PROS: PROS Adrienne Collins loved talking #AI in business travel with other Travel experts at @Egencia’s Lunch and Learns…; 10/04/2018 – PROS Announces Participation in Hannover Messe; 14/05/2018 – PROS Named as Inaugural Manufacturing Partner in Global Microsoft Technology Centers; 30/04/2018 – PROS Scientists to Present Revenue Management Research at POMS 2018 Conference; 16/05/2018 – SAP and PROS Team up to Provide One-Stop Commerce and Merchandising Solution for Airlines; 26/04/2018 – PROS HOLDINGS INC PRO.N FY2018 REV VIEW $189.2 MLN — THOMSON REUTERS l/B/E/S; 26/04/2018 – PROS Holdings 1Q Loss/Shr 58c

Investors sentiment decreased to 0.99 in 2018 Q1. Its down 0.02, from 1.01 in 2017Q4. It worsened, as 82 investors sold ALB shares while 156 reduced holdings. 72 funds opened positions while 163 raised stakes. 93.28 million shares or 0.45% more from 92.86 million shares in 2017Q4 were reported. Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.05% invested in Albemarle Corporation (NYSE:ALB) for 12,400 shares. Verition Fund Lc holds 0.02% of its portfolio in Albemarle Corporation (NYSE:ALB) for 3,132 shares. Atlantic Gp Ltd Limited Liability Company stated it has 0.02% of its portfolio in Albemarle Corporation (NYSE:ALB). Switzerland-based Swiss Bank has invested 0.04% in Albemarle Corporation (NYSE:ALB). Dynamic Management Limited holds 0.58% or 2,520 shares in its portfolio. Apg Asset Nv holds 0.03% in Albemarle Corporation (NYSE:ALB) or 175,143 shares. Thompson Siegel Walmsley Ltd holds 5,008 shares. Westwood Group Incorporated Inc has 587,791 shares. Ferguson Wellman Capital Mngmt has invested 0.01% in Albemarle Corporation (NYSE:ALB). Voloridge Investment Mngmt Limited Com, a Florida-based fund reported 80,570 shares. Stephens Group Ltd Liability Co holds 58,952 shares. Mutual Of America Cap Mgmt Limited Co holds 0.02% or 14,149 shares. Hardman Johnston Advsr Ltd Llc invested in 205,902 shares or 0.81% of the stock. Tudor Inv Et Al holds 0.11% or 35,475 shares. Moreover, Northwestern Mutual Wealth Management has 0% invested in Albemarle Corporation (NYSE:ALB).

More important recent Albemarle Corporation (NYSE:ALB) news were published by: Seekingalpha.com which released: “Reuters: Peru president sees lithium, uranium laws passed in six months” on August 10, 2018, also Seekingalpha.com published article titled: “Albemarle: Up On Better-Than-Expected Q2 Results”, Seekingalpha.com published: “Albemarle names Norris as new lithium chief, replacing Mitchell” on July 25, 2018. More interesting news about Albemarle Corporation (NYSE:ALB) was released by: Fool.com and their article: “Why Shares of Albemarle Corporation Have Plunged 26% So Far in 2018” with publication date: July 16, 2018.

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 17 have Buy rating, 1 Sell and 5 Hold. Therefore 74% are positive. Albemarle Corporation had 79 analyst reports since August 7, 2015 according to SRatingsIntel. Deutsche Bank maintained Albemarle Corporation (NYSE:ALB) rating on Wednesday, September 16. Deutsche Bank has “Buy” rating and $55 target. As per Tuesday, August 9, the company rating was maintained by Citigroup. The firm has “Buy” rating given on Wednesday, August 16 by Oppenheimer. On Tuesday, April 17 the stock rating was maintained by Robert W. Baird with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $11300 target in Tuesday, April 17 report. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Deutsche Bank on Thursday, May 12. As per Thursday, November 9, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, March 17. The stock of Albemarle Corporation (NYSE:ALB) earned “Outperform” rating by BMO Capital Markets on Friday, March 2. The company was maintained on Friday, August 5 by Deutsche Bank.

Robeco Institutional Asset Management, which manages about $21.38B US Long portfolio, upped its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 191,680 shares to 766,344 shares, valued at $52.94 million in 2018Q1, according to the filing. It also increased its holding in Plains Gp Hldgs LP by 110,514 shares in the quarter, for a total of 154,580 shares, and has risen its stake in Merck & Co Inc (NYSE:MRK).

Analysts await PROS Holdings, Inc. (NYSE:PRO) to report earnings on October, 25. They expect $-0.34 earnings per share, down 3.03% or $0.01 from last year’s $-0.33 per share. After $-0.34 actual earnings per share reported by PROS Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 1.1 in Q1 2018. Its down 0.27, from 1.37 in 2017Q4. It turned negative, as 8 investors sold PRO shares while 34 reduced holdings. 15 funds opened positions while 31 raised stakes. 31.16 million shares or 0.66% less from 31.37 million shares in 2017Q4 were reported. Parametric Portfolio Assoc Ltd Liability Corporation has 33,643 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in PROS Holdings, Inc. (NYSE:PRO). Wellington Limited Liability Partnership reported 0% in PROS Holdings, Inc. (NYSE:PRO). Huntington Financial Bank accumulated 2,658 shares. Goldman Sachs Group Inc Inc owns 975,319 shares. 208,042 were accumulated by Putnam Investments Limited Co. Captrust Fincl Advsrs reported 806 shares. Ameritas Invest invested 0% in PROS Holdings, Inc. (NYSE:PRO). Whale Rock Mgmt Ltd Liability Company holds 839,796 shares. Ny State Common Retirement Fund has 0.04% invested in PROS Holdings, Inc. (NYSE:PRO) for 873,207 shares. Kennedy Capital Mgmt accumulated 459,755 shares or 0.3% of the stock. Interest Gp holds 0% or 17,048 shares. Carroll Assoc stated it has 0% in PROS Holdings, Inc. (NYSE:PRO). Moreover, Sei Invs has 0% invested in PROS Holdings, Inc. (NYSE:PRO). Moreover, Blackrock has 0% invested in PROS Holdings, Inc. (NYSE:PRO) for 1.72 million shares.

Among 10 analysts covering Pros Holdings (NYSE:PRO), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Pros Holdings had 23 analyst reports since August 7, 2015 according to SRatingsIntel. Northland Capital upgraded the shares of PRO in report on Monday, May 21 to “Outperform” rating. Needham maintained PROS Holdings, Inc. (NYSE:PRO) rating on Tuesday, September 12. Needham has “Buy” rating and $35.0 target. Needham upgraded PROS Holdings, Inc. (NYSE:PRO) on Monday, December 11 to “Buy” rating. The stock of PROS Holdings, Inc. (NYSE:PRO) has “Overweight” rating given on Tuesday, May 8 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained PROS Holdings, Inc. (NYSE:PRO) rating on Thursday, April 12. KeyBanc Capital Markets has “Buy” rating and $4400 target. On Friday, January 15 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm earned “Overweight” rating on Friday, July 27 by JP Morgan. The stock of PROS Holdings, Inc. (NYSE:PRO) earned “Buy” rating by Needham on Thursday, February 23. Northland Capital maintained it with “Hold” rating and $28.0 target in Friday, October 27 report. Needham maintained PROS Holdings, Inc. (NYSE:PRO) on Monday, October 23 with “Buy” rating.

Daruma Capital Management Llc, which manages about $2.31B and $1.60B US Long portfolio, upped its stake in Ii Vi Inc (NASDAQ:IIVI) by 19,504 shares to 119,102 shares, valued at $4.87M in 2018Q1, according to the filing.

More news for PROS Holdings, Inc. (NYSE:PRO) were recently published by: Nasdaq.com, which released: “Detailed Research: Economic Perspectives on Allete, Sterling Construction, Illumina, PROS, Altra Industrial Motion …” on August 06, 2018. Seekingalpha.com‘s article titled: “PROS Holdings’ (PRO) CEO Andres Reiner on Q2 2018 Results – Earnings Call Transcript” and published on July 27, 2018 is yet another important article.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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