|Bid||33.54 x 22668600|
|Ask||33.55 x 31295800|
|Day's Range||33.53 - 34.11|
|52 Week Range||21.71 - 34.11|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||17.16|
|Forward Dividend & Yield||0.72 (2.15%)|
|1y Target Est||N/A|
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
European funds managing $2 trillion in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk. With the extreme weather and natural disasters associated with climate change intensifying around the world, some asset managers are ramping up engagement with heavy polluters to demand a faster transition to a cleaner economy. “The cement sector needs to dramatically reduce the contribution it makes to climate change," said Stephanie Pfeifer, chief executive of the Institutional Investors Group on Climate Change, which has more than 170 members, mainly European pension funds and asset managers.
Irish building materials supplier CRH is selling its underperforming European distribution unit to Blackstone-backed private equity funds for 1.64 billion euros ($1.85 billion), including net debt. With the sale, the Dublin-based company, which provides cement, asphalt and other building materials, would completely exit the distribution business as it tries to improve core profit margins.
Irish building materials group CRH has had a lot of interest in its European distribution arm ahead of a decision in the next two to three months on whether to trigger a sale, Chief Executive Albert Manifold said on Thursday. Reuters reported on April 12 that CRH had hired Bank of America to launch the sale of the unit as soon as next month and that a potential 2 billion euro deal had already drawn interest from a series of buyout funds including Advent, Lone Star and CVC. "We've had a lot of people (interested)... It's an area that there has been a lot of interest in, the distribution space.
Ireland's CRH announced an additional 350 million euros in share buybacks and forecast growth for the year after the building materials group reported a 7 percent rise in first-quarter sales on Wednesday. The world's second-biggest building materials supplier by market capitalisation launched its first share buyback programme in a decade last year and had completed the repurchase of 1 billion euros of shares by the end of March. On Wednesday citing its strong balance sheet and cash generation it said it planned to buy back a further 350 million euros of shares before it reports its half-year results on Aug 22.
Stocks in Europe climbed for a fourth straight session on Wednesday, propped up by positive sentiment about a potential U.S.-China trade deal, hopes of a smoother Brexit and strong economic data in China and the Eurozone. White House economic adviser Larry Kudlow on Tuesday said "more headway" is expected to be made in U.S.-China trade talks this week, while U.K. Prime Minister Theresa May met opposition leader Jeremy Corbyn on Wednesday, seeking a way out of a Brexit stalemate.
With CRH PLC (CRH) it's making a big mistake by continuing to discount the stock. CRH is an Irish manufacturer and distributor of a broad range building materials products and while construction materials remain a fundamental building blocks of our society, CRH is likely to continue growing, despite the short-term hiccup. Warning! GuruFocus has detected 2 Warning Sign with CRH.
With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Royal Caribbean Cruises Ltd. (NYSE:RCL). Royal Caribbean Cruises Ltd. (NYSE:RCL) […]