CRH PLC (CRH) Position Reduced by OLD National Bancorp IN
OLD National Bancorp IN lowered its stake in CRH PLC (NYSE:CRH) by 25.1% during the second quarter, Holdings Channel reports. The institutional investor owned 15,743 shares of the construction company’s stock after selling 5,263 shares during the period. OLD National Bancorp IN’s holdings in CRH PLC were worth $559,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in CRH PLC by 336.4% in the first quarter. Wells Fargo & Company MN now owns 306,712 shares of the construction company’s stock valued at $10,787,000 after buying an additional 236,432 shares in the last quarter. Greenleaf Trust acquired a new stake in CRH PLC during the first quarter valued at approximately $270,000. Wetherby Asset Management Inc. increased its stake in CRH PLC by 14.0% in the first quarter. Wetherby Asset Management Inc. now owns 13,049 shares of the construction company’s stock valued at $459,000 after buying an additional 1,606 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new stake in CRH PLC during the first quarter valued at approximately $1,493,000. Finally, Sit Investment Associates Inc. increased its stake in CRH PLC by 555.7% in the first quarter. Sit Investment Associates Inc. now owns 34,750 shares of the construction company’s stock valued at $1,222,000 after buying an additional 29,450 shares in the last quarter. Institutional investors and hedge funds own 4.47% of the company’s stock.
CRH PLC (NYSE CRH) opened at 36.11 on Monday. The company has a market cap of $30.06 billion, a price-to-earnings ratio of 21.17 and a beta of 0.97. CRH PLC has a 12-month low of $29.18 and a 12-month high of $38.04. The firm’s 50-day moving average is $36.23 and its 200 day moving average is $35.18.
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Separately, Bank of America Corporation upgraded shares of CRH PLC from a “neutral” rating to a “buy” rating in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. CRH PLC has a consensus rating of “Hold” and an average target price of $39.00.
About CRH PLC
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, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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