Why Legion Partners Asset Management Reported Foster L B Co Position?

March 14, 2018 - By Louis Casey

 Why Legion Partners Asset Management Reported Foster L B Co Position?

Investors sentiment increased to 1.96 in 2017 Q3. Its up 0.08, from 1.88 in 2017Q2. It is positive, as 4 investors sold L.B. Foster Company shares while 21 reduced holdings. 19 funds opened positions while 30 raised stakes. 5.49 million shares or 1.58% more from 5.41 million shares in 2017Q2 were reported.

Rhumbline Advisers holds 8,888 shares or 0% of its portfolio. Eam Limited Co accumulated 0.1% or 32,557 shares. Wealthtrust Axiom Limited Liability reported 23,086 shares. Tiaa Cref Inv Limited Liability Company reported 21,958 shares. Bridgeway Cap Mgmt Inc reported 123,300 shares. Pub Employees Retirement Association Of Colorado invested 0% in L.B. Foster Company (NASDAQ:FSTR). Vanguard Group owns 372,128 shares. Moreover, Cornerstone Capital has 0.01% invested in L.B. Foster Company (NASDAQ:FSTR). Bnp Paribas Arbitrage Sa reported 812 shares. Highbridge Ltd Llc has invested 0% in L.B. Foster Company (NASDAQ:FSTR). 102,232 were accumulated by Minerva Advsr Llc. 71,044 were reported by Deutsche Bancshares Ag. Martingale Asset L P invested in 54,629 shares or 0.02% of the stock. Parametric Port Associate Limited Liability Company accumulated 0% or 138,577 shares. Prelude Mgmt Ltd Com invested 0% in L.B. Foster Company (NASDAQ:FSTR).

The New Legion Partners Asset Management Holding in Foster L B Co

Legion Partners Asset Management reported SC 13D/A form with the SEC for Foster L B Co. Access it here: 000156020718000009. As reported by Legion Partners Asset Management, the filler owns 15.42% or 1,595,621 shares of the Industrials–company.

Foster L B Co stake is new for [reportingPerson]. Date of activity: March 14, 2018. This shows Legion Partners Asset Management’s positive view for Foster L B Co.

Foster L B Co Institutional Sentiment

Filings show 79 investors own Foster L B Co. The ownership in Q3 2017 is high, at 53.08 % of the outstanding shares. This is increased by 309846. 5493694 were owned by these investors. 19 funds opened new Foster L B Co stakes, 30 increased positions. There were 4 that closed positions and 21 reduced them.

Snow Capital Management Lp is an investor bullish on Foster L B Co, owning 142072 shares as of Q3 2017 for 0.16% of its portfolio. Morgan Dempsey Capital Management Llc owns 79317 shares or 0.60% of its portfolio. PA Minerva Advisors Llc have 1.23% of its portfolio for 102232 shares. Further, First Wilshire Securities Management Inc reported stake worth 0.95% of its portfolio. The PA Quaker Capital Investments Llc owns 25000 shares. Foster L B Co is 0.18% of its portfolio.

Business Profile

L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry. The Rail segment designs and produces concrete railroad ties, insulated rail joints, power rail, track fasteners, coverboards and special accessories for mass transit and other rail systems. The Construction Products segment sells and rents steel sheet piling, H-bearing pile and other piling products for foundation and earth retention requirements. The Tubular and Energy Services segment supplies pipe coatings for natural gas pipelines and utilities, blending, injection and metering equipment for the oil and gas market, and produces threaded pipe products for industrial water well and irrigation markets.

SEC Form 13D.

The stock decreased 3.69% or $0.95 during the last trading session, reaching $24.8. About 71,120 shares traded or 62.50% up from the average. L.B. Foster Company (NASDAQ:FSTR) has risen 54.61% since March 14, 2017 and is uptrending. It has outperformed by 37.91% the S&P500.

L.B. Foster Company manufactures and distributes services and products for the transportation and energy infrastructure worldwide. The company has market cap of $256.59 million. The Company’s Rail Products and Services segment offers new rail primarily for passenger and shortline freight railroads, industrial companies, and rail contractors; used rail; rail accessories, such as track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories. It has a 63.59 P/E ratio. This segment also provides friction management products and application systems, railroad condition monitoring equipment, wheel impact load detection, railroad condition monitoring systems, rail anchors and spikes, and wayside data collection and management systems; and concrete railroad ties, as well as electronic track lubrication and maintenance services.

L.B. Foster Company (NASDAQ:FSTR) Ratings Coverage

Among 3 analysts covering LB Foster Co (NASDAQ:FSTR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. LB Foster Co had 3 analyst reports since September 11, 2015 according to SRatingsIntel. Macquarie Research downgraded the shares of FSTR in report on Friday, September 11 to “Neutral” rating. As per Wednesday, May 4, the company rating was downgraded by DA Davidson.

More notable recent L.B. Foster Company (NASDAQ:FSTR) news were published by: Seekingalpha.com which released: “LB Foster: Diversified Growth” on March 01, 2018, also Seekingalpha.com with their article: “LB Foster – Prices Have Recovered But Remain Undervalued” published on July 23, 2017, Bizjournals.com published: “LB Foster names new CFO” on August 24, 2017. More interesting news about L.B. Foster Company (NASDAQ:FSTR) were released by: Bizjournals.com and their article: “Exclusive: East Coast manufacturing co. to expand Houston energy HQ” published on June 08, 2017 as well as Seekingalpha.com‘s news article titled: “LB Foster: Complete Turnaround” with publication date: November 09, 2017.

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