L.B. Foster Co (NASDAQ:FSTR) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its position in L.B. Foster Co (NASDAQ:FSTR) by 676.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,113 shares of the basic materials company’s stock after buying an additional 1,841 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in L.B. Foster were worth $40,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FSTR. Vanguard Group Inc. increased its holdings in L.B. Foster by 13.4% in the third quarter. Vanguard Group Inc. now owns 447,044 shares of the basic materials company’s stock valued at $9,187,000 after buying an additional 52,772 shares during the last quarter. Alambic Investment Management L.P. increased its holdings in L.B. Foster by 117.4% in the fourth quarter. Alambic Investment Management L.P. now owns 44,144 shares of the basic materials company’s stock valued at $702,000 after buying an additional 23,834 shares during the last quarter. BlackRock Inc. increased its holdings in L.B. Foster by 2.7% in the fourth quarter. BlackRock Inc. now owns 638,964 shares of the basic materials company’s stock valued at $10,161,000 after buying an additional 16,764 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in L.B. Foster by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 662,448 shares of the basic materials company’s stock valued at $10,533,000 after buying an additional 11,863 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in L.B. Foster by 22.0% in the fourth quarter. Bank of New York Mellon Corp now owns 47,737 shares of the basic materials company’s stock valued at $759,000 after buying an additional 8,597 shares during the last quarter. 68.35% of the stock is owned by hedge funds and other institutional investors.

FSTR has been the subject of several research analyst reports. B. Riley set a $30.00 price objective on L.B. Foster and gave the company a “buy” rating in a report on Tuesday, March 19th. BidaskClub raised L.B. Foster from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. ValuEngine raised L.B. Foster from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Finally, Zacks Investment Research raised L.B. Foster from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, May 7th.



NASDAQ:FSTR opened at $23.06 on Wednesday. The company has a market cap of $248.02 million, a PE ratio of 19.71 and a beta of 1.80. L.B. Foster Co has a 52 week low of $13.91 and a 52 week high of $26.48. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.88 and a quick ratio of 0.85.

L.B. Foster (NASDAQ:FSTR) last posted its earnings results on Thursday, May 9th. The basic materials company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.22. The company had revenue of $150.47 million during the quarter, compared to analyst estimates of $132.25 million. L.B. Foster had a positive return on equity of 11.45% and a negative net margin of 4.21%. Equities research analysts anticipate that L.B. Foster Co will post 1.94 EPS for the current year.

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About L.B. Foster

L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

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Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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