Parametric Portfolio Associates LLC boosted its holdings in Crh Plc (NYSE:CRH) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 940,261 shares of the construction company’s stock after purchasing an additional 83,926 shares during the period. Parametric Portfolio Associates LLC owned about 0.11% of CRH worth $32,307,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Stifel Financial Corp grew its holdings in CRH by 4.0% during the third quarter. Stifel Financial Corp now owns 24,389 shares of the construction company’s stock worth $854,000 after purchasing an additional 940 shares during the period. Boston Partners boosted its holdings in shares of CRH by 38.7% during the third quarter. Boston Partners now owns 9,687,870 shares of the construction company’s stock worth $333,120,000 after acquiring an additional 2,700,850 shares during the period. Parallel Advisors LLC grew its position in shares of CRH by 24.1% in the third quarter. Parallel Advisors LLC now owns 2,446 shares of the construction company’s stock valued at $84,000 after purchasing an additional 475 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of CRH by 7.4% in the third quarter. Wetherby Asset Management Inc. now owns 18,155 shares of the construction company’s stock valued at $624,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Quest Capital Management Inc. ADV bought a new position in shares of CRH during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 4.44% of the company’s stock.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded CRH from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Goldman Sachs Group lowered shares of CRH from a “buy” rating to a “neutral” rating in a research report on Thursday, September 5th. Deutsche Bank reaffirmed a “buy” rating on shares of CRH in a report on Monday, October 14th. Kepler Capital Markets downgraded shares of CRH from a “hold” rating to a “reduce” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of CRH in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.70.
CRH Company Profile
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.
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