First Trust California Muni Hi ETF (FCAL) Trades at $50.23 After Triangle; Steadfast Capital Management LP Decreased By $18.08 Million Its Praxair (PX) Stake

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Steadfast Capital Management Lp decreased Praxair Inc (PX) stake by 13.25% reported in 2017Q4 SEC filing. Steadfast Capital Management Lp sold 117,429 shares as Praxair Inc (PX)’s stock declined 6.32%. The Steadfast Capital Management Lp holds 769,058 shares with $118.96 million value, down from 886,487 last quarter. Praxair Inc now has $45.82B valuation. The stock increased 0.27% or $0.43 during the last trading session, reaching $159.43. About 463,405 shares traded. Praxair, Inc. (NYSE:PX) has risen 22.24% since May 17, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

First Trust California Muni Hi Inc ETF (FCAL) formed triangle with $47.72 target or 5.00% below today’s $50.23 share price. First Trust California Muni Hi Inc ETF (FCAL) has $14.93 million valuation. The ETF increased 0.56% or $0.28 during the last trading session, reaching $50.23. About 100 shares traded. First Trust California Muni Hi Inc ETF (NASDAQ:FCAL) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

More recent Praxair, Inc. (NYSE:PX) news were published by: Seekingalpha.com which released: “Praxair Floats To The Top” on April 19, 2018. Also Businesswire.com published the news titled: “Praxair Named One of America’s Best Employers by Forbes for the Fourth Straight Year” on May 15, 2018. Seekingalpha.com‘s news article titled: “Praxair, Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: April 26, 2018 was also an interesting one.

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 54 analyst reports since August 12, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of PX in report on Tuesday, October 24 with “Hold” rating. Zacks upgraded the stock to “Sell” rating in Wednesday, August 12 report. The firm has “Buy” rating by Deutsche Bank given on Tuesday, December 19. UBS maintained the shares of PX in report on Wednesday, November 18 with “Neutral” rating. The firm has “Hold” rating given on Tuesday, March 27 by BMO Capital Markets. The rating was upgraded by Bank of America to “Buy” on Wednesday, June 7. The rating was maintained by Susquehanna on Tuesday, November 7 with “Buy”. SunTrust maintained the shares of PX in report on Thursday, January 25 with “Buy” rating. On Thursday, September 7 the stock rating was upgraded by Susquehanna to “Positive”. Barclays Capital maintained the shares of PX in report on Monday, May 2 with “Equal Weight” rating.

Analysts await Praxair, Inc. (NYSE:PX) to report earnings on July, 26. They expect $1.70 earnings per share, up 16.44% or $0.24 from last year’s $1.46 per share. PX’s profit will be $488.52M for 23.45 P/E if the $1.70 EPS becomes a reality. After $1.65 actual earnings per share reported by Praxair, Inc. for the previous quarter, Wall Street now forecasts 3.03% EPS growth.

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