Golden Gate Private Equity Has Raised Hexcel (HXL) Holding by $546,414; Phillips 66 (PSX) Holder Raymond James Trust Boosted Its Position by $1.24 Million

September 14, 2018 - By Jacqueline McKee

Hexcel Corporation (NYSE:HXL) Logo

Golden Gate Private Equity Inc increased its stake in Hexcel Corporation (HXL) by 7.91% based on its latest 2018Q2 regulatory filing with the SEC. Golden Gate Private Equity Inc bought 8,279 shares as the company’s stock declined 6.82% while stock markets rallied. The institutional investor held 112,879 shares of the major chemicals company at the end of 2018Q2, valued at $7.49M, up from 104,600 at the end of the previous reported quarter. Golden Gate Private Equity Inc who had been investing in Hexcel Corporation for a number of months, seems to be bullish on the $5.79 billion market cap company. The stock increased 0.50% or $0.33 during the last trading session, reaching $66.11. About 40,064 shares traded. Hexcel Corporation (NYSE:HXL) has risen 20.59% since September 14, 2017 and is uptrending. It has outperformed by 4.97% the S&P500. Some Historical HXL News: 23/04/2018 – HEXCEL CORP HXL.N FY2018 SHR VIEW $3.02, REV VIEW $2.14 BLN — THOMSON REUTERS l/B/E/S; 23/04/2018 – REG-Hexcel Declares Quarterly Dividend; 19/04/2018 – Hexcel 2Q FFO 67c/Shr; 23/04/2018 – Hexcel Declares Quarterly Dividend; 07/05/2018 – REG-HEXCEL BOARD OF DIRECTORS AUTHORIZES $500 MILLION OF ADDITIONAL SHARE REPURCHASES; 30/03/2018 – HEXCEL CORP. FILES MIXED SECURITIES SHELF; 07/05/2018 – Hexcel Had $212 Million Remaining Under Authorized Share Repurchase Program as of March 31; 28/03/2018 – HEXCEL CORP HXL.N : BMO STARTS WITH MARKET PERFORM RATING AND $74 TARGET PRICE; 23/04/2018 – HEXCEL CORP HXL.N SEES FY 2018 SALES $2.1 BLN TO $2.2 BLN; 19/04/2018 – Hexcel 2Q EPS 67c

Raymond James Trust increased its stake in Phillips 66 (PSX) by 23.75% based on its latest 2018Q2 regulatory filing with the SEC. Raymond James Trust bought 11,104 shares as the company’s stock declined 3.10% while stock markets rallied. The institutional investor held 57,866 shares of the integrated oil company at the end of 2018Q2, valued at $6.50 million, up from 46,762 at the end of the previous reported quarter. Raymond James Trust who had been investing in Phillips 66 for a number of months, seems to be bullish on the $52.78 billion market cap company. The stock increased 0.58% or $0.66 during the last trading session, reaching $113.68. About 391,036 shares traded. Phillips 66 (NYSE:PSX) has risen 30.83% since September 14, 2017 and is uptrending. It has outperformed by 15.21% the S&P500. Some Historical PSX News: 09/05/2018 – PHILLIPS 66 REPORTS BOOST IN QTRLY DIV; 10/04/2018 – PHILLIPS 66 ALLIANCE LOUISIANA REFINERY BOOSTING PRODUCTION ON RESTARTED REFORMER, HYDROTREATERS; 12/04/2018 – Phillips 66 JV Borger refinery completes work on gasoline units; 12/04/2018 – PHILLIPS 66 BORGER REFINERY EXPECTS ALL UNITS TO BE BACK IN PRODUCTION BY MIDDLE OF NEXT WEEK; 09/05/2018 – Phillips 66 Announces Increase In Quarterly Dividend; 22/05/2018 – Dennis K Burke Becomes Northeast Distributor for Phillips 66/Kendall Lubricants; 27/04/2018 – Phillips 66: 1Q Refining Net Income $91 Million; 27/04/2018 – PHILLIPS 66 – EARNINGS REFLECT BENEFIT OF DIVERSIFIED PORTFOLIO, AND ARE ALSO SEEING POSITIVE, ONGOING IMPACTS FROM U.S. TAX REFORM; 01/05/2018 – Phillips 66 Reports Unit Power Outages at Sweeny Refinery in Texas; 03/04/2018 – Phillips 66 Alliance refinery restarting reformer

Raymond James Trust, which manages about $1.51B US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 3,826 shares to 112,839 shares, valued at $22.02M in 2018Q2, according to the filing. It also reduced its holding in Hanesbrands (NYSE:HBI) by 16,417 shares in the quarter, leaving it with 20,950 shares, and cut its stake in Spdr (JNK).

Investors sentiment increased to 1.16 in 2018 Q2. Its up 0.25, from 0.91 in 2018Q1. It improved, as 30 investors sold PSX shares while 374 reduced holdings. 132 funds opened positions while 335 raised stakes. 314.02 million shares or 0.04% less from 314.13 million shares in 2018Q1 were reported. United Cap Fincl Advisers Ltd Liability Corp invested 0.12% in Phillips 66 (NYSE:PSX). Daiwa Sb Invests Limited has invested 0.07% of its portfolio in Phillips 66 (NYSE:PSX). Planning Limited Co accumulated 11,450 shares. Holderness owns 1,823 shares. Meiji Yasuda Asset Mgmt Co Ltd reported 9,044 shares stake. Lifeplan Fincl Group has invested 0.02% in Phillips 66 (NYSE:PSX). Credit Suisse Ag owns 547,540 shares for 0.06% of their portfolio. Somerset Gp Limited Liability owns 4,842 shares. Toth Financial Advisory invested 0.02% in Phillips 66 (NYSE:PSX). Eqis Cap Mgmt Incorporated stated it has 0.11% of its portfolio in Phillips 66 (NYSE:PSX). Canada Pension Plan Investment Board has 0% invested in Phillips 66 (NYSE:PSX) for 17,210 shares. Farmers Fincl Bank reported 1,094 shares. 328,499 were reported by Amf Pensionsforsakring. Moreover, Hl Ser Ltd Liability Com has 0.05% invested in Phillips 66 (NYSE:PSX). Cadence Mgmt Limited Com holds 68,903 shares or 0.46% of its portfolio.

More recent Phillips 66 (NYSE:PSX) news were published by: Streetinsider.com which released: “Phillips 66 (PSX) To Close Gasoline Unit at Bayway Refinery Over Next 48 Hours” on September 07, 2018. Also Fool.com published the news titled: “Warren Buffett Continues to Sell This Oil Stock. Should You Join Him?” on September 14, 2018. Seekingalpha.com‘s news article titled: “Phillips 66: A Forgotten Catalyst” with publication date: August 28, 2018 was also an interesting one.

Among 20 analysts covering Phillips 66 (NYSE:PSX), 9 have Buy rating, 2 Sell and 9 Hold. Therefore 45% are positive. Phillips 66 had 87 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, January 26 by Credit Suisse. The rating was maintained by Citigroup on Wednesday, August 15 with “Neutral”. Credit Suisse maintained the shares of PSX in report on Monday, April 30 with “Neutral” rating. The rating was maintained by RBC Capital Markets on Monday, June 5 with “Hold”. Scotia Capital upgraded the stock to “Buy” rating in Thursday, September 28 report. The stock of Phillips 66 (NYSE:PSX) earned “Hold” rating by RBC Capital Markets on Thursday, July 6. The company was maintained on Friday, July 7 by Cowen & Co. JP Morgan maintained the shares of PSX in report on Monday, November 2 with “Neutral” rating. Barclays Capital downgraded Phillips 66 (NYSE:PSX) rating on Wednesday, July 13. Barclays Capital has “Equal-Weight” rating and $86 target. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, October 3 report.

Since May 16, 2018, it had 0 insider purchases, and 1 insider sale for $828,000 activity.

Investors sentiment increased to 0.99 in 2018 Q2. Its up 0.06, from 0.93 in 2018Q1. It is positive, as 23 investors sold HXL shares while 119 reduced holdings. 47 funds opened positions while 93 raised stakes. 76.45 million shares or 0.60% less from 76.91 million shares in 2018Q1 were reported. Fifth Third Bancshares has invested 0% in Hexcel Corporation (NYSE:HXL). Credit Agricole S A invested 0.13% of its portfolio in Hexcel Corporation (NYSE:HXL). Broad Run Invest Ltd Company owns 3.00 million shares. Whittier invested in 0% or 350 shares. Legal & General Pcl has invested 0% of its portfolio in Hexcel Corporation (NYSE:HXL). Meeder Asset Mngmt holds 0% or 897 shares in its portfolio. Silvercrest Asset Management Grp Ltd Llc accumulated 0% or 4,266 shares. Castleark Management Ltd holds 0.34% or 167,180 shares in its portfolio. Tci Wealth Advisors Inc has invested 0.01% in Hexcel Corporation (NYSE:HXL). Artisan Ptnrs Partnership holds 1.11 million shares. Valley Advisers reported 100 shares stake. M&R reported 0.01% stake. Invesco invested in 498,821 shares. Cambridge has invested 0.75% in Hexcel Corporation (NYSE:HXL). American Gru holds 0% or 1,769 shares.

Since May 1, 2018, it had 1 insider buy, and 3 insider sales for $1.87 million activity. Shares for $608,053 were sold by Merlot Thierry on Tuesday, May 1. The insider Hennemuth Robert George sold $1.26 million. 1,500 shares were sold by Winterlich Patrick, worth $106,146 on Tuesday, May 29.

Phillips 66 (NYSE:PSX) Institutional Positions Chart

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