Pzena Investment Managmnt

Meridian Wealth Management LLC bought a new stake in shares of Edison International (NYSE:EIX – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,870 shares of the utilities provider’s stock, valued at approximately $277,000. Several other institutional investors and hedge funds also recently bought and sold shares of EIX. Pzena Investment Management LLC increased its stake in Edison International by 1.5% in the 3rd quarter. Pzena Investment Management LLC now owns 13,316,887 shares of the utilities provider’s stock valued at $842,826,000 after buying an additional 197,259 shares during the period. Wellington Management Group LLP increased its stake in shares of Edison International by 3.3% in the third quarter. Wellington Management Group LLP now owns 9,842,171 shares of the utilities provider’s stock worth $622,911,000 after acquiring an additional 317,297 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Edison International by 8.9% during the third quarter. Clearbridge Investments LLC now owns 6,830,749 shares of the utilities provider’s stock worth $432,318,000 after acquiring an additional 558,351 shares in the last quarter. Legal & General Group Plc boosted its position in Edison International by 2.0% during the third quarter. Legal & General Group Plc now owns 5,590,765 shares of the utilities provider’s stock valued at $353,840,000 after purchasing an additional 108,138 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Edison International by 4.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,261,803 shares of the utilities provider’s stock valued at $376,166,000 after purchasing an additional 202,541 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock. Insider Activity In related news, CEO J Andrew Murphy sold 9,794 shares of Edison International stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $75.07, for a total transaction of $735,235.58. Following the sale, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at $1,475,876.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders. Wall Street Analyst Weigh In A number of equities research analysts have recently weighed in on EIX shares. Wells Fargo & Company upgraded Edison International from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $72.00 to $86.00 in a report on Tuesday, May 14th. The Goldman Sachs Group assumed coverage on shares of Edison International in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 target price for the company. Royal Bank of Canada dropped their price target on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. TheStreet downgraded shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, Mizuho upped their price objective on shares of Edison International from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $76.00. Check Out Our Latest Stock Report on EIX Edison International Price Performance NYSE EIX opened at $76.30 on Monday. The stock has a 50-day simple moving average of $70.81 and a 200 day simple moving average of $68.78. Edison International has a twelve month low of $58.82 and a twelve month high of $76.39. The stock has a market capitalization of $29.36 billion, a PE ratio of 33.47 and a beta of 0.95. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.93 and a current ratio of 1.00. Edison International (NYSE:EIX – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.16 billion. Edison International had a return on equity of 12.48% and a net margin of 6.14%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. Research analysts anticipate that Edison International will post 4.92 EPS for the current year. Edison International Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Wednesday, March 27th. Edison International’s dividend payout ratio is currently 136.84%. Edison International Company Profile (Free Report) Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. Read More Five stocks we like better than Edison International Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness JD’s Earnings Could Mean Chinese Stocks Making a Comeback How to Use the MarketBeat Stock Screener Canada Goose Flies Higher Driven By DTC Growth TSX Venture Exchange (Formerly Canadian Venture Exchange) CVS Health Stock Has a Silver Lining Called Value» Mehr auf defenseworld.net

National Bank of Canada FI decreased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP – Free Report) by 31.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 519 shares of the company’s stock after selling 235 shares during the period. National Bank of Canada FI’s holdings in Advance Auto Parts were worth $32,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAP. Fuller & Thaler Asset Management Inc. grew its stake in Advance Auto Parts by 2,226.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,026,668 shares of the company’s stock valued at $113,352,000 after purchasing an additional 1,939,560 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Advance Auto Parts during the 3rd quarter worth $73,882,000. Federated Hermes Inc. raised its stake in shares of Advance Auto Parts by 2,716,800.0% in the 4th quarter. Federated Hermes Inc. now owns 842,239 shares of the company’s stock valued at $51,402,000 after purchasing an additional 842,208 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Advance Auto Parts by 94.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 931,125 shares of the company’s stock worth $52,078,000 after purchasing an additional 452,488 shares in the last quarter. Finally, River Road Asset Management LLC increased its holdings in Advance Auto Parts by 125.1% in the third quarter. River Road Asset Management LLC now owns 744,080 shares of the company’s stock valued at $41,616,000 after buying an additional 413,489 shares during the last quarter. 88.75% of the stock is owned by hedge funds and other institutional investors. Insider Activity at Advance Auto Parts In other Advance Auto Parts news, Director Carla Jean Bailo bought 310 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $81.19 per share, with a total value of $25,168.90. Following the completion of the transaction, the director now directly owns 5,789 shares of the company’s stock, valued at approximately $470,008.91. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Herman L. Word, Jr. sold 1,858 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $86.08, for a total transaction of $159,936.64. Following the transaction, the executive vice president now owns 10,448 shares in the company, valued at approximately $899,363.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Carla Jean Bailo purchased 310 shares of the business’s stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of $81.19 per share, with a total value of $25,168.90. Following the acquisition, the director now owns 5,789 shares in the company, valued at $470,008.91. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders. Advance Auto Parts Stock Up 0.8 % AAP opened at $74.55 on Monday. The stock’s fifty day moving average is $78.18 and its 200-day moving average is $67.07. Advance Auto Parts, Inc. has a one year low of $47.73 and a one year high of $122.11. The company has a market capitalization of $4.44 billion, a PE ratio of 100.74, a P/E/G ratio of 1.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.29 and a current ratio of 1.20. Advance Auto Parts (NYSE:AAP – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.83). Advance Auto Parts had a net margin of 0.39% and a return on equity of 1.68%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the company posted $2.88 EPS. Advance Auto Parts’s revenue was down .4% on a year-over-year basis. On average, equities analysts predict that Advance Auto Parts, Inc. will post 3.94 EPS for the current fiscal year. Analyst Ratings Changes AAP has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price target on Advance Auto Parts from $47.00 to $68.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Evercore ISI lowered their price objective on shares of Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Mizuho assumed coverage on Advance Auto Parts in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 target price for the company. StockNews.com cut Advance Auto Parts from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, Truist Financial upped their price objective on Advance Auto Parts from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $64.56. Read Our Latest Research Report on AAP Advance Auto Parts Company Profile (Free Report) Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.» Mehr auf defenseworld.net

Swiss National Bank cut its stake in shares of DiamondRock Hospitality (NYSE:DRH – Free Report) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 413,200 shares of the real estate investment trust’s stock after selling 47,900 shares during the period. Swiss National Bank owned 0.20% of DiamondRock Hospitality worth $3,880,000 as of its most recent filing with the SEC. A number of other hedge funds have also recently bought and sold shares of DRH. Pzena Investment Management LLC boosted its holdings in shares of DiamondRock Hospitality by 9.1% in the 3rd quarter. Pzena Investment Management LLC now owns 9,720,155 shares of the real estate investment trust’s stock valued at $78,053,000 after buying an additional 810,972 shares during the last quarter. Invesco Ltd. increased its stake in shares of DiamondRock Hospitality by 3.1% during the 3rd quarter. Invesco Ltd. now owns 5,455,648 shares of the real estate investment trust’s stock worth $43,809,000 after purchasing an additional 165,142 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of DiamondRock Hospitality by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,326,316 shares of the real estate investment trust’s stock valued at $34,740,000 after purchasing an additional 188,010 shares during the period. Northern Trust Corp lifted its stake in DiamondRock Hospitality by 2.3% in the 3rd quarter. Northern Trust Corp now owns 3,291,311 shares of the real estate investment trust’s stock valued at $26,429,000 after purchasing an additional 73,745 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in DiamondRock Hospitality by 9.7% during the third quarter. Great Lakes Advisors LLC now owns 734,391 shares of the real estate investment trust’s stock worth $5,897,000 after purchasing an additional 64,852 shares during the period. DiamondRock Hospitality Stock Performance DRH opened at $8.44 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.04 and a quick ratio of 2.04. The business has a fifty day simple moving average of $9.14 and a 200 day simple moving average of $9.06. DiamondRock Hospitality has a 1 year low of $7.33 and a 1 year high of $9.99. The company has a market capitalization of $1.77 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 6.25 and a beta of 1.61. DiamondRock Hospitality (NYSE:DRH – Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). DiamondRock Hospitality had a net margin of 7.86% and a return on equity of 5.20%. The business had revenue of $263.50 million during the quarter, compared to analyst estimates of $261.45 million. During the same quarter last year, the company posted $0.23 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Research analysts expect that DiamondRock Hospitality will post 0.96 EPS for the current year. DiamondRock Hospitality Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, March 27th. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 33.33%. Analyst Upgrades and Downgrades DRH has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on DiamondRock Hospitality from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Friday, February 23rd. Truist Financial raised their price target on DiamondRock Hospitality from $10.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Finally, StockNews.com upgraded shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.30. Read Our Latest Stock Analysis on DiamondRock Hospitality DiamondRock Hospitality Profile (Free Report) DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.» Mehr auf defenseworld.net