Jefferies Group LLC acquired a new stake in Crh Plc (NYSE:CRH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,527 shares of the construction company’s stock, valued at approximately $849,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in CRH by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 561,248 shares of the construction company’s stock worth $21,249,000 after purchasing an additional 10,152 shares during the period. Advisors Asset Management Inc. increased its stake in CRH by 7.6% during the third quarter. Advisors Asset Management Inc. now owns 155,427 shares of the construction company’s stock worth $5,884,000 after purchasing an additional 10,970 shares during the period. SG Americas Securities LLC purchased a new stake in CRH during the third quarter worth about $271,000. Renaissance Group LLC increased its stake in CRH by 6.8% during the third quarter. Renaissance Group LLC now owns 446,127 shares of the construction company’s stock worth $16,890,000 after purchasing an additional 28,362 shares during the period. Finally, Assetmark Inc. increased its stake in CRH by 3,208.7% during the third quarter. Assetmark Inc. now owns 98,401 shares of the construction company’s stock worth $3,725,000 after purchasing an additional 95,427 shares during the period. Hedge funds and other institutional investors own 3.50% of the company’s stock.
Shares of CRH stock opened at $34.72 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 0.51. Crh Plc has a one year low of $32.47 and a one year high of $39.32.
The company also recently announced a semiannual dividend, which will be paid on Friday, May 11th. Investors of record on Monday, March 12th will be paid a dividend of $0.6011 per share. This represents a dividend yield of 3.5%. This is a positive change from CRH’s previous semiannual dividend of $0.48. The ex-dividend date is Friday, March 9th.
A number of analysts have issued reports on the stock. Exane BNP Paribas upgraded shares of CRH from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 14th. BNP Paribas upgraded shares of CRH from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of CRH from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Goldman Sachs assumed coverage on shares of CRH in a research note on Sunday, March 11th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. CRH presently has a consensus rating of “Buy” and an average price target of $36.25.
ILLEGAL ACTIVITY WARNING: “Jefferies Group LLC Takes Position in Crh Plc (CRH)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2018/03/19/jefferies-group-llc-takes-position-in-crh-plc-crh.html.
CRH Company Profile
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH).
Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.