Hahn Capital Management Lowered By $2.81 Billion Its Reliance Steel & Aluminum (RS) Holding; Highland Capital Management Has Lowered Lear (LEA) Holding

December 7, 2017 - By Nellie Frank

Hahn Capital Management Llc decreased Reliance Steel & Aluminum (RS) stake by 10.64% reported in 2017Q2 SEC filing. Hahn Capital Management Llc sold 38,582 shares as Reliance Steel & Aluminum (RS)’s stock declined 16.82%. The Hahn Capital Management Llc holds 323,918 shares with $23.58B value, down from 362,500 last quarter. Reliance Steel & Aluminum now has $5.92B valuation. The stock increased 0.89% or $0.72 during the last trading session, reaching $81.2. About 435,151 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since December 7, 2016 and is uptrending. It has underperformed by 16.57% the S&P500.

Highland Capital Management Llc decreased Lear Corp (LEA) stake by 71.5% reported in 2017Q2 SEC filing. Highland Capital Management Llc sold 6,489 shares as Lear Corp (LEA)’s stock rose 0.77%. The Highland Capital Management Llc holds 2,587 shares with $368,000 value, down from 9,076 last quarter. Lear Corp now has $11.76 billion valuation. The stock decreased 2.13% or $3.79 during the last trading session, reaching $174.01. About 536,989 shares traded. Lear Corporation (NYSE:LEA) has risen 28.33% since December 7, 2016 and is uptrending. It has outperformed by 11.63% the S&P500.

Highland Capital Management Llc increased Citigroup Inc (NYSE:C) stake by 27,297 shares to 260,091 valued at $17.40M in 2017Q2. It also upped Vanguard Mid Cap Growth Index (VOT) stake by 15,132 shares and now owns 49,322 shares. Costco Wholesale Corporation (NASDAQ:COST) was raised too.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on January, 25. They expect $4.27 EPS, up 12.37% or $0.47 from last year’s $3.8 per share. LEA’s profit will be $288.48 million for 10.19 P/E if the $4.27 EPS becomes a reality. After $3.96 actual EPS reported by Lear Corporation for the previous quarter, Wall Street now forecasts 7.83% EPS growth.

Among 19 analysts covering Lear Corporation (NYSE:LEA), 9 have Buy rating, 3 Sell and 7 Hold. Therefore 47% are positive. Lear Corporation had 61 analyst reports since July 27, 2015 according to SRatingsIntel. Barclays Capital maintained Lear Corporation (NYSE:LEA) on Thursday, July 27 with “Equal-Weight” rating. Bank of America downgraded the stock to “Neutral” rating in Tuesday, June 21 report. The firm earned “Buy” rating on Monday, July 27 by Deutsche Bank. The rating was downgraded by Guggenheim on Thursday, October 26 to “Neutral”. As per Tuesday, October 3, the company rating was downgraded by UBS. The stock of Lear Corporation (NYSE:LEA) earned “Buy” rating by Robert W. Baird on Monday, October 2. The firm earned “Outperform” rating on Thursday, April 20 by Robert W. Baird. As per Tuesday, October 31, the company rating was maintained by Jefferies. The stock of Lear Corporation (NYSE:LEA) earned “Hold” rating by Deutsche Bank on Monday, October 26. The company was maintained on Sunday, August 27 by RBC Capital Markets.

Investors sentiment decreased to 0.84 in 2017 Q2. Its down 0.25, from 1.09 in 2017Q1. It worsened, as 33 investors sold LEA shares while 186 reduced holdings. 57 funds opened positions while 127 raised stakes. 62.83 million shares or 1.53% less from 63.80 million shares in 2017Q1 were reported. Clinton Group Inc Inc holds 0.03% or 2,256 shares. 976,654 are held by Tiaa Cref Limited Liability Company. Bluemountain Mngmt Limited Com invested 0% of its portfolio in Lear Corporation (NYSE:LEA). Florida-based Independent Port Consultants has invested 0.03% in Lear Corporation (NYSE:LEA). Cornerstone Partners Limited Com invested in 0.16% or 23,859 shares. Pitcairn Co stated it has 16,326 shares or 0.28% of all its holdings. Globeflex Limited Partnership reported 1,857 shares stake. National Bank Of Montreal Can, Ontario – Canada-based fund reported 1.78 million shares. Northern Trust stated it has 613,680 shares. 90,622 are owned by Lazard Asset Limited Liability Corporation. 82,523 were accumulated by Aberdeen Asset Management Public Ltd Uk. Keybank Natl Association Oh has invested 0% in Lear Corporation (NYSE:LEA). Cornerstone Management Ltd Liability Company has invested 0.09% in Lear Corporation (NYSE:LEA). Tudor Inv Corporation Et Al has invested 0.03% in Lear Corporation (NYSE:LEA). Ameriprise Fin holds 144,081 shares.

Investors sentiment increased to 1.23 in Q2 2017. Its up 0.08, from 1.15 in 2017Q1. It is positive, as 36 investors sold RS shares while 95 reduced holdings. 39 funds opened positions while 122 raised stakes. 59.94 million shares or 0.37% more from 59.72 million shares in 2017Q1 were reported. Employees Retirement Systems Of Texas reported 94,000 shares. State Board Of Administration Of Florida Retirement Systems holds 0.02% or 108,147 shares. Ubs Asset Management Americas holds 63,352 shares or 0% of its portfolio. Northwestern Mutual Wealth Mgmt reported 0% stake. Eqis Management Incorporated stated it has 10,126 shares. Clinton Group holds 0.02% or 3,265 shares in its portfolio. Manufacturers Life Ins Commerce The reported 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Barclays Public Ltd reported 33,040 shares. D E Shaw holds 0.07% or 552,008 shares. Northern invested 0.01% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Fil Ltd accumulated 10,527 shares. Profund Advsrs Limited Company has 0.04% invested in Reliance Steel & Aluminum Co. (NYSE:RS). Macquarie Gru holds 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS) or 111,035 shares. Deroy And Devereaux Private Investment Counsel Incorporated reported 175,473 shares or 1.46% of all its holdings. Coldstream Mgmt reported 0.08% stake.

Analysts await Reliance Steel & Aluminum Co. (NYSE:RS) to report earnings on February, 15. They expect $0.97 EPS, up 15.48% or $0.13 from last year’s $0.84 per share. RS’s profit will be $70.73 million for 20.93 P/E if the $0.97 EPS becomes a reality. After $1.30 actual EPS reported by Reliance Steel & Aluminum Co. for the previous quarter, Wall Street now forecasts -25.38% negative EPS growth.

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