Bank Julius Baer & Co. Ltd Zurich Sells 22,874 Shares of Core & Main, Inc. $CNM

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in shares of Core & Main, Inc. (NYSE:CNM) by 40.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,948 shares of the company’s stock after selling 22,874 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Core & Main were worth $1,789,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CNM. TD Waterhouse Canada Inc. bought a new stake in shares of Core & Main during the fourth quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in Core & Main by 145.4% in the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after acquiring an additional 269 shares during the last quarter. Whittier Trust Co. bought a new position in Core & Main in the fourth quarter valued at about $28,000. Cubist Systematic Strategies LLC boosted its holdings in Core & Main by 262.0% in the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after acquiring an additional 524 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in Core & Main by 5,013.3% in the third quarter. Rothschild Investment LLC now owns 767 shares of the company’s stock valued at $41,000 after acquiring an additional 752 shares during the last quarter. Institutional investors own 94.19% of the company’s stock.

Core & Main Trading Down 2.4%

NYSE CNM opened at $46.88 on Friday. The firm has a market cap of $9.12 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.69 and a beta of 0.93. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.63 and a quick ratio of 1.51. The stock’s 50-day moving average is $49.70 and its 200-day moving average is $52.13. Core & Main, Inc. has a one year low of $43.96 and a one year high of $67.18.

Analyst Ratings Changes

Several equities analysts recently issued reports on CNM shares. Barclays decreased their price target on Core & Main from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, March 25th. Zacks Research lowered Core & Main from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Core & Main from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Core & Main presently has an average rating of “Moderate Buy” and an average target price of $61.64.

Insider Transactions at Core & Main

In other Core & Main news, Director James D. Hope purchased 1,972 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were bought at an average price of $50.70 per share, with a total value of $99,980.40. Following the completion of the transaction, the director directly owned 6,939 shares in the company, valued at $351,807.30. This trade represents a 39.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robyn L. Bradbury sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.54, for a total value of $262,700.00. Following the sale, the chief financial officer directly owned 12,500 shares in the company, valued at approximately $656,750. This represents a 28.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.51% of the company’s stock.

Core & Main Profile

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.