Northern Trust Corp Has $1.22 Million Stock Position in Caesarstone Ltd. (NASDAQ:CSTE)

Northern Trust Corp grew its stake in shares of Caesarstone Ltd. (NASDAQ:CSTE - Free Report) by 100.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,067 shares of the construction company's stock after purchasing an additional 143,963 shares during the quarter. Northern Trust Corp owned about 0.83% of Caesarstone worth $1,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Caesarstone by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 12,148 shares of the construction company's stock valued at $52,000 after purchasing an additional 2,647 shares during the period. Barclays PLC raised its stake in Caesarstone by 8.4% in the fourth quarter. Barclays PLC now owns 47,077 shares of the construction company's stock valued at $199,000 after buying an additional 3,632 shares during the period. Two Sigma Securities LLC bought a new stake in Caesarstone in the fourth quarter valued at approximately $46,000. RBF Capital LLC lifted its position in shares of Caesarstone by 3.8% in the fourth quarter. RBF Capital LLC now owns 388,107 shares of the construction company's stock valued at $1,658,000 after buying an additional 14,214 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Caesarstone by 189.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,797 shares of the construction company's stock worth $186,000 after acquiring an additional 26,705 shares during the period. Institutional investors own 33.70% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on Caesarstone in a research note on Tuesday, March 11th. They issued a "hold" rating on the stock.

Caesarstone Stock Down 2.3%

Shares of NASDAQ CSTE traded down $0.04 during mid-day trading on Friday, reaching $1.71. 79,095 shares of the company were exchanged, compared to its average volume of 80,462. The stock has a market capitalization of $59.08 million, a P/E ratio of -0.85 and a beta of 0.35. The company's 50-day simple moving average is $2.43 and its 200-day simple moving average is $3.50. Caesarstone Ltd. has a twelve month low of $1.67 and a twelve month high of $6.54.

Caesarstone (NASDAQ:CSTE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.12). Caesarstone had a negative return on equity of 9.61% and a negative net margin of 14.56%. The company had revenue of $97.86 million for the quarter, compared to analyst estimates of $99.40 million. During the same quarter last year, the business earned ($0.28) earnings per share.

Caesarstone Profile

Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company's engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.