Alberta Investment Management Corp Has $888,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Alberta Investment Management Corp raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 24.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,600 shares of the home improvement retailer’s stock after purchasing an additional 700 shares during the period. Alberta Investment Management Corp’s holdings in Lowe’s Companies were worth $888,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. AMF Tjanstepension AB lifted its stake in Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Lowe’s Companies by 75.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock valued at $14,352,000 after purchasing an additional 22,812 shares during the last quarter. McAdam LLC raised its holdings in shares of Lowe’s Companies by 3.6% in the third quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock valued at $395,000 after purchasing an additional 51 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at about $237,000. Finally, DT Investment Partners LLC boosted its holdings in Lowe’s Companies by 1.8% during the third quarter. DT Investment Partners LLC now owns 3,337 shares of the home improvement retailer’s stock worth $904,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 3.0 %

LOW stock opened at $238.93 on Friday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm has a market capitalization of $134.91 billion, a PE ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11. The stock has a 50-day simple moving average of $253.31 and a two-hundred day simple moving average of $258.58.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Barclays lifted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Truist Financial upped their price objective on Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Mizuho raised their target price on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.