Vontobel Holding Ltd. Cuts Stake in CRH plc (NYSE:CRH)

Vontobel Holding Ltd. lowered its stake in shares of CRH plc (NYSE:CRH) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,059,492 shares of the construction company’s stock after selling 505,274 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.30% of CRH worth $190,544,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after buying an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. increased its position in CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after buying an additional 1,148,708 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of CRH by 48.2% in the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after buying an additional 808,061 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of CRH by 21.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company’s stock valued at $337,477,000 after buying an additional 649,993 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. HSBC started coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Morgan Stanley raised their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $107.75.

CRH Stock Performance

Shares of CRH stock opened at $106.62 on Friday. The company has a market capitalization of $72.41 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. CRH plc has a 52-week low of $71.18 and a 52-week high of $106.71. The business’s fifty day moving average is $97.12 and its 200 day moving average is $93.42.

CRH Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.