Vital Therapies Inc. (NASDAQ: VTL) shares were absolutely crushed on Wednesday after the company announced less-than-favorable results for its liver failure trial.
Specifically, the company announced that, while there was a numerical improvement in survival in the ELAD-treated group between three months and one year following randomization, the VTL-308 study failed to meet the primary endpoint of a significant improvement in overall survival through at least 91 days assessed using the Kaplan Meier statistical method. The secondary endpoint of proportion of survivors at study day 91 also showed no statistically significant difference between the groups.
As a result, the company does not believe the ELAD System can be approved in the United States or European Union, if ever, without additional clinical trials that would require substantial capital and time to complete. Consequently, Vital Therapies will cease any further development of the ELAD System and explore strategic options.
Top 10 Stocks To Own For 2021: Stag Industrial, Inc.(STAG)
STAG Industrial, Inc., incorporated on July 21, 2010, is a real estate investment trust. The Company focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Company owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings. The Company’s operating partnership is STAG Industrial Operating Partnership, L.P. (Operating Partnership).
The Company owns its properties and conducts its business through its Operating Partnership. The Company’s buildings are leased to approximately 270 tenants. The Company’s properties are located in various areas, such as Rogers in Arkansas; Phoenix in Arizona; Camarillo in California; Longmont, Golden and Grand Junction in Colorado; Avon, East Windsor and North Haven in Connecticut; Newark in Delaware; Daytona Beach, Ocala, Orlando and Pensacola in Florida; Atlanta, Calhoun, Conyers, Dallas, LaGrange and Savannah in Georgia; Idaho Falls and Pocatello in Idaho; Belvidere, DeKalb, Gurnee, Harvard, Libertyville, Machesney Park, Montgomery and Sauk Village in Illinois; Albion, Elkhart and Fort Wayne in Indiana; Marion in Iowa; Kansas City, Parsons and Wichita in Kansas; Bardstown, Danville and Hebron in Kentucky, and Belfast in Maine.
Advisors’ Opinion:
- [By Tyler Crowe, Sean Williams, and Brian Stoffel]
So we asked three of our contributors to each highlight a dividend stock they think are great investments in a retirement portfolio. Here’s why they picked Verizon Communications (NYSE:VZ), STAG Industrial (NYSE:STAG), and NextEra Energy (NYSE:NEE).
- [By Shane Hupp]
Stag Industrial (NYSE:STAG) had its price target boosted by LADENBURG THALM/SH SH from $31.00 to $32.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a buy rating on the real estate investment trust’s stock.
- [By Motley Fool Transcribing]
Stag Industrial (NYSE:STAG) Q4 2018 Earnings Conference CallFeb. 14, 2019 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Top 10 Stocks To Own For 2021: LGI Homes, Inc.(LGIH)
LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, and Tennessee markets. Its primary markets include Houston, San Antonio, Dallas/Fort Worth, Austin, Phoenix, Tucson, Tampa, Orlando, Fort Myers, Atlanta, Albuquerque, Charlotte, Denver, Seattle, Colorado Springs, Nashville, and Jacksonville. The company was founded in 2003 and is headquartered in The Woodlands, Texas.
- [By Motley Fool Transcribers]
LGI Homes Inc (NASDAQ:LGIH)Q42018 Earnings Conference CallFeb. 26, 2019, 12:30 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Ethan Ryder]
Get a free copy of the Zacks research report on LGI Homes (LGIH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Dan Caplinger]
Wall Street moved lower on Thursday, with the Dow Jones Industrial Average suffering a 201-point decline. Stocks took their cues from the bond market, where bond prices dropped sharply in response to extremely strong U.S. economic data. For years, the economic expansion has given bond investors a Goldilocks scenario, in which growth was solid but not so sharp as to cause negative side effects, such as inflation. Now, stronger signals could force the Federal Reserve to raise interest rates more aggressively than previously thought, and that could hurt the markets. Several individual companies also suffered from bad news that sent their shares lower. Mallinckrodt (NYSE:MNK), International Speedway (NASDAQ:ISCA), and LGI Homes (NASDAQ:LGIH) were among the worst performers on the day. Here’s why they did so poorly.
Top 10 Stocks To Own For 2021: UGI Corporation(UGI)
UGI Corporation, incorporated on December 20, 1991, is a holding company. The Company, through its subsidiaries, distributes, stores, transports and markets energy products and related services. The Company operates through six segments: AmeriGas Propane; an international liquefied petroleum gases (LPG) segment consisting of UGI France; an international LPG segment consisting of Flaga and AvantiGas; UGI Utilities; Energy Services, and Electric Generation. In the United States, the Company is a general partner and owns limited partner interests in a retail propane marketing and distribution business; owns and operates natural gas and electric distribution utilities; owns all or a portion of electricity generation facilities, and owns and operates an energy marketing, midstream infrastructure, storage, natural gas gathering, natural gas production and energy services business. Internationally, it markets and distributes propane and other LPG in Europe.
The Company owns and operates a regulated electric distribution business in Pennsylvania through UGI Utilities (Electric Utility), and a heating, ventilation and air conditioning (HVAC), refrigeration, mechanical and electrical contracting, and project management service business in portions of eastern and central Pennsylvania and portions of New Jersey and Northern Delaware. Electric Utility supplies electric service to approximately 62,000 customers in portions of Luzerne and Wyoming counties in northeastern Pennsylvania through a system consisting of over 2,200 miles of transmission and distribution lines, and approximately 10 substations. The HVAC business serves customers in residential, commercial, industrial and new construction markets.
AmeriGas Propane
The Company’s AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. (the Partnership), which is a retail propane distributor. AmeriGas Propane, Inc. is responsible for managing the Partnership. The Partnership serves! approximately two million customers in over 50 states from approximately 2,000 propane distribution locations. In addition to distributing propane, the Partnership also sells, installs and services propane appliances, including heating systems, and operates a residential HVAC, plumbing and related services business in certain counties of Pennsylvania, Delaware and Maryland. The Partnership sells propane to residential, commercial/industrial, motor fuel, agricultural and wholesale customers. The Partnership distributes over 1.2 billion gallons of propane.
Residential and commercial customers use propane for home heating, water heating and cooking purposes. Commercial users include hotels, restaurants, churches, warehouses and retail stores. Industrial customers use propane to fire furnaces, as a cutting gas and in other process applications. Other industrial customers are heating accounts and local gas utility customers using propane as a supplemental fuel. As a motor fuel, propane is burned in internal combustion engines that power over-the-road vehicles, forklifts, commercial lawn mowers and stationary engines. Agricultural uses include tobacco curing, chicken brooding, crop drying and orchard heating. In its wholesale operations, the Partnership sells propane to industrial end users and other propane distributors. The Partnership markets propane under the AmeriGas, America’s Propane Company, Heritage Propane, Relationships Matter and ServiceMark trade names and related service marks.
UGI France
The Company’s UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz and Finagaz. The segment also includes LPG distribution businesses in the Benelux countries, including Belgium, the Netherlands and Luxembourg. UGI France also operates a natural gas marketing business in France and Belgium and sells approximately 13.3 million dekatherms of natural gas. UGI France sells approximately 280 million gallons of LPG in France and over! 50 milli! on gallons of LPG in the Benelux countries. UGI France is the LPG distributor in France and Luxembourg, and LPG distributor in the Netherlands and Belgium. UGI France’s customer base consists of residential, commercial, agricultural and motor fuel customer accounts that use LPG for space heating, cooking, water heating, process heat, forklift operations and transportation. UGI France sells LPG in cylinders, and in small, medium and large tanks. Sales of LPG are also made to service stations to accommodate vehicles that run on LPG. UGI France sells LPG in cylinders to approximately 20,000 retail outlets, such as supermarkets, individually owned stores and gas stations.
Medium bulk customers use propane only and consist mainly of residential developments, such as housing developments, hospitals, municipalities and medium-sized industrial enterprises, and poultry brooders. Its bulk customers include agricultural companies and companies that use LPG in their industrial processes. The end users of cylinders are residential customers using LPG supplied in this form for domestic applications, such as cooking and heating.
Flaga & Other
The Company’s Flaga & Other segment consists of LPG distribution businesses of Flaga GmbH and its subsidiaries, AvantiGas Limited and ChinaGas Partners, L.P. Flaga is the retail LPG distributor in Austria, Denmark, Hungary, Poland, the Czech Republic, Slovakia, Norway and Sweden. Flaga also distributes LPG in Finland, Romania and Switzerland. Flaga sells approximately 330 million gallons of LPG. Flaga serves customers that use LPG for residential, commercial, industrial, agricultural, resale and automobile fuel (auto gas) purposes. Flaga’s customers use LPG for heating, cooking, motor fuel (including forklifts), leisure activities, construction work, manufacturing, crop and grain drying, power generation and irrigation. Flaga sells LPG in cylinders and in small, medium, and large bulk tanks. Flaga has over 58,000 customers and approximately ! 5.8 milli! on cylinders in circulation.
AvantiGas is an LPG distributor in the United Kingdom. ChinaGas Partners is an LPG distributor in the Nantong region of China. AvantiGas sells over 160 million gallons of LPG and its majority-owned partnership in China sells approximately 10 million gallons of LPG. AvantiGas has over 14,500 customers. AvantiGas serves customers that use LPG for wholesale, aerosol, agricultural, residential, commercial, industrial and auto gas purposes. AvantiGas’ customers use LPG for heating, cooking, motor fuel (including forklifts), leisure activities, industrial processes and aerosol propellant. AvantiGas sells LPG in small, medium and large bulk tanks with small bulk sales.
Energy Services
The Company’s Energy Services segment consists of energy-related businesses conducted by its subsidiary, UGI Energy Services, LLC (Energy Services). These businesses include energy marketing in the Mid-Atlantic region of the United States; operating and owning a natural gas liquefaction, storage and vaporization facility, and propane-air mixing assets; managing natural gas pipeline and storage contracts, and developing, owning and operating pipelines, gathering infrastructure and gas storage facilities in the Marcellus Shale region of Pennsylvania. Energy Services sells natural gas, liquid fuels and electricity to approximately 20,000 residential, commercial and industrial customers at over 44,300 locations. Energy Services serves customers in all or portions of Pennsylvania, New Jersey, Delaware, New York, Ohio, Maryland, Massachusetts, Virginia, North Carolina, South Carolina and the District of Columbia. Energy Services delivers natural gas for customers located on the distribution systems of over 40 local gas utilities. It supplies power to customers through the use of the transmission and distribution facilities of 20 utility systems.
Electric Generation
The Company’s Electric Generation segment consists of electric generation facil! ities con! ducted by Energy Services’ subsidiary, UGI Development Company (UGID). UGID has ownership interest in a coal-fired generation station in Pennsylvania. UGID also owns and operates an approximately 130-megawatt natural gas-fueled generating station in Pennsylvania; an over 11-megawatt landfill gas-fueled generation plant in Pennsylvania, and approximately 13.5 megawatts of solar-powered generation capacity in Pennsylvania, Maryland and New Jersey.
Gas Utility
The Company’s Gas Utility segment consists of the regulated natural gas distribution businesses of its subsidiary, UGI Utilities, Inc. and its subsidiaries, including UGI Penn Natural Gas, Inc. (PNG) and UGI Central Penn Gas, Inc. (CPG). Its service area includes the cities of Allentown, Bethlehem, Easton, Harrisburg, Hazleton, Lancaster, Lebanon, Reading, Scranton, Wilkes-Barre, Lock Haven, Pittston, Pottsville, and Williamsport, Pennsylvania, and the boroughs of Honesdale and Milford, Pennsylvania. Located in Gas Utility’s service area are production centers for basic industries, such as specialty metals, aluminum, glass and paper product manufacturing.
The Company competes with Total France, Societe des Petroles Shell, SHV Holding NV, Vitogaz and PJM Interconnection, LLC.
Advisors’ Opinion:
- [By Motley Fool Transcribers]
UGI Corp (NYSE:UGI)Q12019 Earnings Conference CallFeb. 06, 2019, 9:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Reuben Gregg Brewer]
Utility stocks are generally considered conservative investments that reward shareholders over the long term with sizable dividends that grow slowly and steadily over time. With the S&P 500 Index’s yield hovering around 2%, the bar for yield is set pretty low today. That said, investors should think twice before jumping at utilities like UGI Corporation (NYSE:UGI), Atmos Energy Corporation (NYSE:ATO), and MGE Energy, Inc. (NASDAQ:MGEE), which offer little if any yield advantage over an S&P 500 Index fund.
- [By Ethan Ryder]
SG Americas Securities LLC decreased its position in UGI Corp (NYSE:UGI) by 34.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,648 shares of the utilities provider’s stock after selling 18,607 shares during the quarter. SG Americas Securities LLC’s holdings in UGI were worth $1,804,000 at the end of the most recent reporting period.
Top 10 Stocks To Own For 2021: Altura Mining Limited (ALTAF)
Altura Mining Limited is an Australia-based company engaged in the supply of lithium raw materials. The Company is engaged in the exploration and development activities, including completion of a feasibility study at its Pilgangoora Lithium project in the Pilbara region of Western Australia. The Company’s segments include coal mining, exploration services and mineral exploration. Its coal mining segment is engaged in the sale of coal. Its exploration services segment provides a range of drilling services to its customers, primarily mining and exploration companies. Its mineral exploration segment is engaged in exploration activities. The Company also has interests in producing Delta Coal project in Indonesia, which produces medium energy thermal coal, and the Tabalong Coal project, a thermal coal deposit located in South Kalimantan, Indonesia. The Tabalong Coal project consists of approximately five mining licenses. Advisors’ Opinion:
- [By ]
Altura Mining [ASX:AJM] (OTC:ALTAF)
On April 30, Altura Mining announced: “Stage 2 Definitive Feasibility Study at Pilgangoora delivers outstanding results.” Highlights include:
Top 10 Stocks To Own For 2021: LKQ Corporation(LKQ)
LKQ Corporation (LKQ), incorporated on February 13, 1998, is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products, such as wheels, bumper covers and lights, and remanufactured engines. The Company operates through four segments: Wholesale – North America; Europe; Specialty, and Self Service.
The Company is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products, with its sales, processing and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region (Belgium, Netherlands and Luxembourg) of continental Europe. In addition to its wholesale operations, it operates self-service retail facilities across the United States that sell recycled automotive products from end-of-life-vehicles. The company also has operations in the Netherlands, Belgium, Northern France, Sweden, Norway, Mexico, Taiwan and India. In total, it operates approximately 790 facilities.
Wholesale -North America
The Company’s wholesale automobile product operations in North America are organized by geographic regions serving the United States and Canada that sell all five product types (aftermarket, recycled, remanufactured, refurbished and original equipment manufacturers (OEMs) parts) to collision and mechanical automobile repair businesses. Its aftermarket product operations include a combination of sales, warehousing and distribution functions, and in various cases co-located with the Company’s refurbishing operations. Its wholesale recycling o! perations have processing, sales, distribution and administrative operations on site, indoor and outdoor storage areas, and include a warehouse with multiple bays to dismantle vehicles. Its engine remanufacturing operations are conducted primarily at its facilities in Mexico, as well as the United States, with sales, warehousing and distribution operations in the United States. Its North American wholesale operations conduct business from approximately 350 facilities.
The Company’s principal aftermarket product types consist of bumper covers, automotive body panels and lights. It also distributes paint and other materials used in repairing damaged vehicles, including sandpaper, abrasives, masking products and plastic filler. Its recycled products include engines, transmissions, door assemblies, sheet metal products, such as trunk lids, fenders and hoods, lights, and bumper assemblies. The Company operates approximately 30 refurbishing facilities and over four engine remanufacturing facilities. Its refurbish products include wheels, lights, plastic bumpers, and chrome bumpers. The Company operates a total of approximately 30 heavy-duty truck facilities in the United States and Canada. It sells its products to wholesale customers that include collision and mechanical repair shops, and new and used car dealerships, as well as to retail customers. It assists insurance companies by providing aftermarket, recycled, refurbished and remanufactured products to collision repair shops, especially to repair shops that are part of an insurance company’s Direct Repair Program (DRP) network.
Europe
The Company’s European wholesale operating segment includes Euro Car Parts Holdings Limited (ECP), a distributor of automotive aftermarket parts in the United Kingdom. The Company operates approximately 220 selling locations, supported by over three national distribution centers and approximately 20 regional hubs. Its European aftermarket collision parts program is managed by its ECP b! ranch net! work, through which the Company sells its Platinum Plus aftermarket products. It also offers automotive paint products and related accessories. In its United Kingdom operations, it sells the its products to over 37,000 commercial customers primarily consisting of repairers, including both independent mechanical repair shops and collision repair shops.
Specialty
The Company’s Specialty operating segment includes Keystone Automotive Holdings, Inc. (Keystone Specialty). Keystone Specialty is a distributor and marketer of specialty vehicle aftermarket equipment and accessories in North America serving six product segments: truck and off-road; speed and performance; recreational vehicle (RV); towing; wheels, tires and performance handling, and miscellaneous accessories. The Company is a distributor and marketer of specialty vehicle aftermarket products and accessories, reaching various markets in the United States and Canada. Its products include trailer hitches and RV products, including satellite antennas, generators, waterproofing sealants, combination washer/dryer units and water pumps.
Self Service
The Company’s self service segment retail operations sell parts from older cars and light-duty trucks directly to consumers. The Company conducts its self service operations from approximately 80 facilities in North America, which operate under the name LKQ Pick Your Part. Its self service operations generate scrap metal, alloys and other materials that it sells to recyclers. The customers of its self service yards are frequently do-it-yourself mechanics, small independent repair shops servicing older vehicles, auto rebuilders and resellers.
Advisors’ Opinion:
- [By Motley Fool Transcribing]
LKQ (NASDAQ:LKQ) Q4 2018 Earnings Conference CallFeb. 28, 2019 8:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Dan Caplinger]
The health of the global economy has been very different across various regions, with some performing better than others. Although the U.S. economy has largely avoided the difficulties faced elsewhere, key areas like Europe have seen a lot of pressure. That’s affected international companies like auto parts specialist LKQ (NASDAQ:LKQ), and given the parts maker’s specialty in high-end products, it’s reliant on end users feeling flush enough financially to pay up for its parts.
Top 10 Stocks To Own For 2021: American Capital Senior Floating, Ltd.(ACSF)
American Capital Senior Floating, Ltd. (ACSF), incorporated on February 6, 2013, is a non-diversified closed-end investment management company. The Company’s investment objective is to provide attractive, risk-adjusted returns over the long term primarily through current income while seeking to preserve its capital. ACSF manages a leveraged portfolio composed primarily of diversified investments in first lien and second lien floating rate loans principally to the United States-based companies (collectively, Senior Floating Rate Loans or SFRLs), which are referred to as leveraged loans.
The Company invests in equity tranches of collateralized loan obligations (CLOs), which are securitized vehicles collateralized primarily by SFRLs, and it may invest in debt tranches of CLOs. In addition, the Company may selectively invest in loans issued by middle market companies, mezzanine and unitranche loans and high yield bonds. It has approximately 80% of its assets in Senior Floating Rate Loans. The Company invests in various industries, such as software, media, aerospace and defense, professional services, insurance and capital markets. The Company holds or invests in other equity investments and other debt or equity securities generally arising from a restructuring of Senior Floating Rate Loan positions previously held by the Company. The Company is managed by American Capital ACSF Management, LLC.
Advisors’ Opinion:
- [By Joseph Griffin]
Garrison Capital (NASDAQ: GARS) and Amern Cap Sr Fl/COM (NASDAQ:ACSF) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their risk, institutional ownership, analyst recommendations, dividends, valuation, earnings and profitability.
- [By Max Byerly]
American Capital (NASDAQ:ACSF) posted its earnings results on Thursday. The asset manager reported $0.22 EPS for the quarter, MarketWatch Earnings reports. American Capital had a net margin of 32.54% and a return on equity of 4.51%. The firm had revenue of $4.08 million during the quarter.
Top 10 Stocks To Own For 2021: Ion Geophysical Corporation(IO)
ION Geophysical Corporation provides geoscience technology, services, and solutions for the oil and gas industry worldwide. It operates through four segments: Solutions, Systems, Software, and Ocean Bottom Services. The Solutions segment offers services to manage the entire seismic process, from survey planning and design to data acquisition and management, to final subsurface imaging and reservoir characterization. This segment also provides data processing and imaging services to help its exploration and production customers for reducing exploration and production risk, evaluating and developing reservoirs, and increase production. The Software segment provides command and control software systems, related software and services for towed marine streamer and ocean bottom seismic operations, as well as survey design. The Systems segment manufactures re-deployable ocean bottom cable seismic data acquisition systems; marine towed streamer positioning and control systems; and geophone sensors. The Ocean Bottom Services segment offers survey design, planning, and optimization services to maximize seismic image quality, operational efficiency, and safety; superior imaging services; and data processing, interpretation, and reservoir services. The company markets and sells its services and products through direct sales force and third-party sales representatives. The company was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in 2007. ION Geophysical Corporation was founded in 1968 and is headquartered in Houston, Texas.
- [By Shane Hupp]
Shares of Ion Geophysical Corp (NYSE:IO) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $35.00.
- [By Jim Robertson]
Small cap ION Geophysical Corporation (NYSE: IO) jumped 24.92% yesterday after earnings and appears to have finally undergone a reversal near the end of December as the Company seeks new markets beyond oil and gas plus achieve clarity on an ongoing lawsuit.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Ion Geophysical (IO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Stocks To Own For 2021: United Technologies Corporation(UTX)
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services. The companys UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions, such as controls for residential, commercial, industrial, and transportation applications. This segment offers electronic security products, including intruder alarms, access control systems, and video surveillance systems; and fire safety products; systems integration, video surveillance, installation, maintenance, and inspection services; and monitoring and response services. Its Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation markets; and provides aftermarket maintenance, repair, and overhaul, as well as fleet management services. The companys UTC Aerospace Systems segment provides electric power generation, power management, and distribution systems; air data, and flight sensing and management systems; engine control, electric, intelligence, surveillance, and reconnaissance systems; engine components; environmental control systems; fire and ice detection, and protection systems; propeller systems; cargo, actuation, and landing systems; aircraft aero structures, and lighting and seating products; space products and subsystems; and aftermarket services. United Technologies Corporation offers its services through manufacturers representatives, distributors, wholesalers, dealers, retail outlets, and sales representatives, as well as directly to customers. The company was founded in 1934 and is headquartered in Farmington, Connecticut.
- [By Lou Whiteman]
Activist investor Dan Loeb was a key figure in pushing industrial conglomerate United Technologies (NYSE:UTX) to split into three independent entities. Now, he wants the company to go a step further and seek a buyer for one large unit.
- [By Joseph Griffin]
Glenview State Bank Trust DEPT. raised its stake in shares of United Technologies Co. (NYSE:UTX) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,468 shares of the conglomerate’s stock after purchasing an additional 100 shares during the period. Glenview State Bank Trust DEPT.’s holdings in United Technologies were worth $263,000 as of its most recent SEC filing.
- [By Joseph Griffin]
Foster & Motley Inc. lessened its position in United Technologies Co. (NYSE:UTX) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 66,549 shares of the conglomerate’s stock after selling 310 shares during the period. United Technologies comprises about 1.1% of Foster & Motley Inc.’s investment portfolio, making the stock its 22nd biggest holding. Foster & Motley Inc.’s holdings in United Technologies were worth $7,086,000 at the end of the most recent quarter.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on United Technologies (UTX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Stocks To Own For 2021: Allete, Inc.(ALE)
ALLETE, Inc. operates as an energy company. It operates through Regulated Operations, ALLETE Clean Energy, U.S. Water Services, and Corporate and Other segments. The company generates electricity from coal-fired, hydro, wind, natural gas-fired, and biomass co-fired sources. It provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers and 16 non-affiliated municipal customers. The company also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, it focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 535 MW of nameplate capacity wind energy generation that are under long-term power sales agreements. Further, the company offers integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage. Additionally, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 177 substations with a total capacity of 10,980 megavolt amperes. It serves taconite mining, iron concentrate, paper, pulp and wood products, and pipeline industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.
- [By Motley Fool Transcribing]
ALLETE (NYSE:ALE) Q4 2018 Earnings Conference CallFeb. 14, 2019 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Shane Hupp]
Waddell & Reed Financial Inc. trimmed its holdings in shares of ALLETE Inc (NYSE:ALE) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 107,300 shares of the utilities provider’s stock after selling 1,200 shares during the period. Waddell & Reed Financial Inc.’s holdings in ALLETE were worth $8,306,000 as of its most recent SEC filing.
Top 10 Stocks To Own For 2021: Culp, Inc.(CFI)
Culp, Inc., incorporated on March 16, 1972, is a producer of mattress fabrics in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture. The Company operates through two segments, including mattress fabrics (Culp Home Fashions) and upholstery fabrics. The Company markets a range of fabrics in the categories, including fabrics produced at its manufacturing facilities and fabrics produced by other suppliers to the customers across the globe. As of May 3, 2015, the Company had 13 manufacturing plants and distribution facilities located in North and South Carolina; Quebec, Canada, and Shanghai, China. The Company operates its distribution centers in North Carolina and Shanghai, China.
Mattress Fabrics Segment
The Company’s mattress fabrics segment manufactures and markets mattress fabric and mattress covers to bedding manufacturers. The Company’s products include products include woven jacquard fabrics, knitted fabrics, and some converted fabrics. The mattress fabrics segment operates four manufacturing plants, with two located in Stokesdale, North Carolina, and one each in High Point, North Carolina, and St. Jerome, Quebec, Canada. Its Stokesdale plant and the St. Jerome plant manufacture and finish jacquard (damask) fabric. Its Stokesdale plant also finishes knitted fabric. Its High Point and St. Jerome facilities are engaged in the manufacture of knitted mattress fabrics. Its second plant in Stokesdale is engaged in the production of cut and sewn mattress covers. The Company’s sourcing capacity is located in Turkey and China. The Company, through Culp-Lava Applied Sewn Solutions (CLASS), is engaged in production and marketing of sewn mattress covers. The mattress fabrics segment sells fabrics in roll form and as sewn mattress covers.
The Company competes with Beka! ert Textiles B.V. and Global Textile Alliance.
Upholstery Fabrics Segment
The Company’s upholstery fabrics segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, microdenier suedes, woven dobbies, knitted fabrics, piece-dyed woven products and polyurethane leather look fabrics. The Company operates one upholstery manufacturing facility in the United States and four in China. The Company also markets a range of upholstery fabrics sourced from third party producers in China. Its China facilities near Shanghai include fabric sourcing, finishing, warehousing, quality control and inspection operations, as well as a plant where sourced fabrics are cut and sewn into kits. The Company’s United States facility in South Carolina produces a range of woven upholstery fabrics, including velvets and certain decorative fabrics. The upholstery fabrics segment sells its products in roll form, and as cut and sewn kits. The Company sources unfinished and finished fabrics, as well as a portion of its cut and sewn kits, from suppliers in China.
The Company competes with Bekaert Textiles B.V., Global Textile Alliance, Richloom Fabrics, Merrimack Fabrics, Morgan Fabrics and Specialty Textile, Inc.
Advisors’ Opinion:
- [By Stephan Byrd]
Cofound.it (CURRENCY:CFI) traded down 2.1% against the U.S. dollar during the 24-hour period ending at 21:00 PM Eastern on May 12th. In the last week, Cofound.it has traded down 21% against the U.S. dollar. One Cofound.it token can currently be purchased for about $0.0769 or 0.00000911 BTC on major exchanges including Liqui, IDEX, HitBTC and Upbit. Cofound.it has a total market capitalization of $25.01 million and approximately $314,252.00 worth of Cofound.it was traded on exchanges in the last day.