Zacks Investment Management Has Increased By $7.27 Million Its Fedex (FDX) Stake; Energy Recovery Has 1.1 Sentiment

July 15, 2018 - By Estela Ashley

FedEx Corporation (NYSE:FDX) Logo

Zacks Investment Management increased Fedex Corp (FDX) stake by 46.34% reported in 2018Q1 SEC filing. Zacks Investment Management acquired 30,282 shares as Fedex Corp (FDX)’s stock declined 1.18%. The Zacks Investment Management holds 95,632 shares with $22.96M value, up from 65,350 last quarter. Fedex Corp now has $62.46 billion valuation. The stock increased 0.46% or $1.06 during the last trading session, reaching $233.75. About 983,462 shares traded. FedEx Corporation (NYSE:FDX) has risen 29.10% since July 15, 2017 and is uptrending. It has outperformed by 16.53% the S&P500. Some Historical FDX News: 20/03/2018 – Dallas Morning News: #Breaking: A fifth explosion is likely connected to the #AustinBombings, officials say. A package destine; 12/04/2018 – North American Car, Utility and Truck of the Year Awards Names Hannah Elliott as New Juror; 20/03/2018 – ATF, FBI, AUSTIN POLICE: FEDEX PACKAGES LINKED TO RECENT BLASTS; 21/03/2018 – FedEx says evidence it gave police helped identify Texas bombing suspect; 20/03/2018 – Explosion at FedEx Facility in Texas Follows Bombings in Austin; 02/04/2018 – FedEx Express Announces Purple Runway – A FedEx Pathways Program; 29/05/2018 – FEDEX SAYS GOODWILL IMPAIRMENT CHARGE WAS RECOGNIZED BASED ON UNDERPERFORMANCE OF FEDEX SUPPLY CHAIN BUSINESS DURING FISCAL 2018 – SEC FILING; 14/05/2018 – FedEx CIO Says Blockchain a ‘Game Changer’ for Supply Chain Visibility; 20/03/2018 – FEDEX OFFICE EXPANDS, WILL ADD 500 NEW LOCATIONS IN WALMART; 09/04/2018 – FedEx Express Expands its Retail Footprint in India Through Strategic Alliance With Wirecard

Energy Recovery Inc (ERII) investors sentiment decreased to 1.1 in Q1 2018. It’s down -0.59, from 1.69 in 2017Q4. The ratio turned negative, as 45 hedge funds increased and started new stock positions, while 41 sold and reduced their equity positions in Energy Recovery Inc. The hedge funds in our database reported: 18.16 million shares, up from 17.30 million shares in 2017Q4. Also, the number of hedge funds holding Energy Recovery Inc in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 25 Increased: 31 New Position: 14.

Since February 6, 2018, it had 1 insider purchase, and 2 sales for $32.84 million activity. 80 shares were bought by SCHWAB SUSAN C, worth $19,837. On Wednesday, April 18 the insider SMITH FREDERICK W sold $31.74 million. Another trade for 4,400 shares valued at $1.12 million was made by WALSH PAUL S on Wednesday, April 18.

Zacks Investment Management decreased Synopsys Inc (NASDAQ:SNPS) stake by 3,990 shares to 3,266 valued at $272,000 in 2018Q1. It also reduced Facebook Inc (NASDAQ:FB) stake by 22,002 shares and now owns 162,087 shares. Visa Inc (NYSE:V) was reduced too.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Seekingalpha.com which released: “FedEx: Will Its Growth Momentum Continue?” on July 05, 2018, also Benzinga.com with their article: “Ohio Moves Forward On Autonomous, But Public Still Needs Assurance” published on July 10, 2018, Seekingalpha.com published: “FedEx: Delivering Phenomenal Dividend Growth” on June 22, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Benzinga.com and their article: “What Is The Fallout From The Dynamex Decision?” published on July 10, 2018 as well as Seekingalpha.com‘s news article titled: “Fedex: Express Returns To Your Door” with publication date: June 21, 2018.

Among 10 analysts covering FedEx (NYSE:FDX), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. FedEx had 17 analyst reports since January 18, 2018 according to SRatingsIntel. On Thursday, March 15 the stock rating was maintained by Robert W. Baird with “Outperform”. The rating was maintained by Oppenheimer with “Buy” on Wednesday, June 20. Stifel Nicolaus maintained the shares of FDX in report on Thursday, January 18 with “Hold” rating. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, June 20 report. On Friday, March 16 the stock rating was maintained by Oppenheimer with “Buy”. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Credit Suisse on Wednesday, March 21. As per Thursday, June 7, the company rating was maintained by Citigroup. The rating was maintained by Stephens with “Buy” on Wednesday, March 21. The firm has “Equal-Weight” rating given on Monday, June 4 by Morgan Stanley. Robert W. Baird maintained FedEx Corporation (NYSE:FDX) on Sunday, February 11 with “Buy” rating.

Investors sentiment decreased to 1 in Q1 2018. Its down 0.21, from 1.21 in 2017Q4. It worsened, as 58 investors sold FDX shares while 414 reduced holdings. 113 funds opened positions while 359 raised stakes. 192.41 million shares or 0.69% less from 193.75 million shares in 2017Q4 were reported. Keybank National Association Oh holds 43,035 shares. Old Natl Commercial Bank In holds 0.62% of its portfolio in FedEx Corporation (NYSE:FDX) for 48,743 shares. Howe Rusling Inc holds 1.01% in FedEx Corporation (NYSE:FDX) or 23,139 shares. 7,541 were reported by Caprock Grp. First Bank Of Omaha reported 36,523 shares. Wetherby Asset Mgmt holds 0.16% in FedEx Corporation (NYSE:FDX) or 4,791 shares. The Massachusetts-based Winslow Evans & Crocker has invested 0% in FedEx Corporation (NYSE:FDX). Thompson Siegel Walmsley Ltd has invested 0% in FedEx Corporation (NYSE:FDX). Northstar Asset Mgmt Ltd Liability Corp stated it has 13,044 shares. Accredited Invsts invested in 0.07% or 1,113 shares. Gofen Glossberg Lc Il has invested 0.02% in FedEx Corporation (NYSE:FDX). North Amer Management Corporation invested 0.17% in FedEx Corporation (NYSE:FDX). Segall Bryant And Hamill Lc owns 6,885 shares or 0.04% of their US portfolio. Citigroup holds 308,647 shares. Webster Financial Bank N A holds 2,871 shares or 0.1% of its portfolio.

Energy Recovery, Inc. provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, IsoBoost, and IsoGen names worldwide. The company has market cap of $430.17 million. The firm operates through Water and Oil & Gas divisions. It has a 39.8 P/E ratio. It offers pressure exchanger energy recovery devices and turbocharger technologies for water desalination and gas and oil; AT turbochargers for low-pressure brackish, and high-pressure seawater reverse osmosis systems; and high-performance, high-efficiency, high-pressure, and circulation booster pumps.

Nokomis Capital L.L.C. holds 3.84% of its portfolio in Energy Recovery, Inc. for 2.44 million shares. Encompass Capital Advisors Llc owns 971,874 shares or 0.97% of their US portfolio. Moreover, 683 Capital Management Llc has 0.8% invested in the company for 1.10 million shares. The Wisconsin-based Heartland Advisors Inc has invested 0.55% in the stock. Arosa Capital Management Lp, a New York-based fund reported 350,000 shares.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $721,880 activity.

Energy Recovery, Inc. (NASDAQ:ERII) Institutional Positions Chart

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