Boston Partners Has $263.28 Million Position in Crh Plc (CRH)
Boston Partners lessened its holdings in Crh Plc (NYSE:CRH) by 0.2% in the 2nd quarter, Holdings Channel reports. The firm owned 7,447,738 shares of the construction company’s stock after selling 13,711 shares during the quarter. Boston Partners’ holdings in CRH were worth $263,278,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in CRH. Signaturefd LLC acquired a new stake in shares of CRH in the 1st quarter valued at $142,000. M&T Bank Corp acquired a new position in CRH during the 1st quarter worth $217,000. Atria Investments LLC acquired a new position in CRH during the 2nd quarter worth $220,000. Raymond James Trust N.A. lifted its position in CRH by 23.6% during the 2nd quarter. Raymond James Trust N.A. now owns 8,494 shares of the construction company’s stock worth $300,000 after acquiring an additional 1,624 shares during the last quarter. Finally, Brinker Capital Inc. acquired a new position in CRH during the 1st quarter worth $367,000. 4.43% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on CRH shares. Zacks Investment Research raised shares of CRH from a “sell” rating to a “hold” rating in a research report on Tuesday, May 15th. JPMorgan Chase & Co. set a $37.00 target price on shares of CRH and gave the stock a “buy” rating in a research report on Wednesday, May 23rd. Finally, ValuEngine lowered shares of CRH from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.50.
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.
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