Walleye Trading LLC Decreased Holding in Praxair INC (Call) (PX) as Valuation Declined

April 25, 2018 - By Nellie Frank

Praxair, Inc. (NYSE:PX) LogoInvestors sentiment decreased to 1.06 in 2017 Q4. Its down 0.02, from 1.08 in 2017Q3. It dived, as 42 investors sold PX shares while 295 reduced holdings. 104 funds opened positions while 254 raised stakes. 233.99 million shares or 0.58% less from 235.36 million shares in 2017Q3 were reported. Strategic Fincl Inc has invested 0.48% in Praxair, Inc. (NYSE:PX). Moreover, Webster Savings Bank N A has 0.06% invested in Praxair, Inc. (NYSE:PX) for 2,648 shares. Quantbot Tech Lp owns 9,629 shares. Mawer Limited accumulated 860,234 shares. Howe And Rusling reported 2,511 shares. Penobscot reported 3,817 shares. Bokf Na accumulated 15,596 shares or 0.07% of the stock. Stone Ridge Asset Mngmt Limited Liability Com stated it has 34,691 shares or 0.35% of all its holdings. Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.22% in Praxair, Inc. (NYSE:PX). Jacobs Ca reported 0.94% in Praxair, Inc. (NYSE:PX). Retail Bank Of America Corporation De reported 0.09% in Praxair, Inc. (NYSE:PX). Geode Cap Management Ltd Liability Co holds 0.15% of its portfolio in Praxair, Inc. (NYSE:PX) for 2.78 million shares. Grandfield And Dodd Llc accumulated 122,873 shares. Veritas Invest Mgmt Limited Liability Partnership has invested 0.01% in Praxair, Inc. (NYSE:PX). Moreover, First City Capital has 0.14% invested in Praxair, Inc. (NYSE:PX) for 1,300 shares.

Walleye Trading Llc decreased its stake in Praxair Inc (Call) (PX) by 19.53% based on its latest 2017Q4 regulatory filing with the SEC. Walleye Trading Llc sold 229,900 shares as the company’s stock declined 6.32% with the market. The institutional investor held 947,100 shares of the basic industries company at the end of 2017Q4, valued at $146.50M, down from 1.18M at the end of the previous reported quarter. Walleye Trading Llc who had been investing in Praxair Inc (Call) for a number of months, seems to be less bullish one the $42.15 billion market cap company. The stock decreased 2.38% or $3.58 during the last trading session, reaching $146.78. About 1.22 million shares traded. Praxair, Inc. (NYSE:PX) has risen 22.24% since April 25, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Walleye Trading Llc, which manages about $20.58B US Long portfolio, upped its stake in Copa Holdings Sa (Put) (NYSE:CPA) by 90,300 shares to 92,700 shares, valued at $12.43 million in 2017Q4, according to the filing. It also increased its holding in Caesars Entmt Corp (Put) (NASDAQ:CZR) by 260,300 shares in the quarter, for a total of 822,600 shares, and has risen its stake in Athene Hldg Ltd.

Analysts await Praxair, Inc. (NYSE:PX) to report earnings on April, 26 before the open. They expect $1.56 EPS, up 13.87 % or $0.19 from last year’s $1.37 per share. PX’s profit will be $447.93 million for 23.52 P/E if the $1.56 EPS becomes a reality. After $1.52 actual EPS reported by Praxair, Inc. for the previous quarter, Wall Street now forecasts 2.63 % EPS growth.

Praxair, Inc. (NYSE:PX) Ratings Coverage

Among 10 analysts covering Praxair (NYSE:PX), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Praxair had 17 analyst reports since October 26, 2017 according to SRatingsIntel. The firm has “Buy” rating by Argus Research given on Monday, November 13. The firm has “Hold” rating given on Tuesday, March 27 by BMO Capital Markets. The rating was maintained by Seaport Global with “Hold” on Wednesday, January 31. Susquehanna maintained the stock with “Buy” rating in Wednesday, January 31 report. SunTrust maintained it with “Buy” rating and $185.0 target in Thursday, January 25 report. The rating was maintained by Susquehanna with “Buy” on Tuesday, November 7. The firm has “Buy” rating given on Tuesday, December 19 by SunTrust. As per Monday, October 30, the company rating was upgraded by Citigroup. The firm earned “Buy” rating on Friday, October 27 by UBS. The firm earned “Buy” rating on Thursday, October 26 by SunTrust.

Praxair, Inc. (NYSE:PX) Institutional Positions Chart

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