Ivory Investment Management LP Has Lowered Newell Brands (NWL) Stake by $10.18 Million as Market Value Rose; Equifax (EFX) Shareholder Old National Bancorp Lowered Its Holding by $558,705

January 13, 2018 - By Henry Gaston

Old National Bancorp decreased its stake in Equifax Inc (EFX) by 7.76% based on its latest 2017Q3 regulatory filing with the SEC. Old National Bancorp sold 5,321 shares as the company’s stock rose 4.79% with the market. The institutional investor held 63,229 shares of the finance company at the end of 2017Q3, valued at $6.70 million, down from 68,550 at the end of the previous reported quarter. Old National Bancorp who had been investing in Equifax Inc for a number of months, seems to be less bullish one the $14.75 billion market cap company. The stock increased 1.12% or $1.36 during the last trading session, reaching $122.85. About 1.12M shares traded. Equifax Inc. (NYSE:EFX) has risen 11.28% since January 13, 2017 and is uptrending. It has underperformed by 5.42% the S&P500.

Curtis Macnguyen decreased its stake in Newell Brands Inc (NWL) by 29.02% based on its latest 2017Q3 regulatory filing with the SEC. Ivory Investment Management Lp sold 242,297 shares as the company’s stock rose 13.21% with the market. The hedge fund run by Curtis Macnguyen held 592,758 shares of the plastic products company at the end of 2017Q3, valued at $25.29M, down from 835,055 at the end of the previous reported quarter. Ivory Investment Management Lp who had been investing in Newell Brands Inc for a number of months, seems to be less bullish one the $15.81 billion market cap company. The stock increased 1.10% or $0.35 during the last trading session, reaching $32.26. About 3.52 million shares traded. Newell Brands Inc. (NYSE:NWL) has risen 11.94% since January 13, 2017 and is uptrending. It has underperformed by 4.76% the S&P500.

Analysts await Newell Brands Inc. (NYSE:NWL) to report earnings on February, 5. They expect $0.75 earnings per share, down 6.25% or $0.05 from last year’s $0.8 per share. NWL’s profit will be $367.58M for 10.75 P/E if the $0.75 EPS becomes a reality. After $0.86 actual earnings per share reported by Newell Brands Inc. for the previous quarter, Wall Street now forecasts -12.79% negative EPS growth.

Among 19 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Newell Rubbermaid Inc. had 53 analyst reports since August 4, 2015 according to SRatingsIntel. On Friday, August 4 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm has “Outperform” rating by Wells Fargo given on Tuesday, November 15. The stock has “Hold” rating by BMO Capital Markets on Monday, November 6. The firm earned “Top Pick” rating on Wednesday, December 16 by RBC Capital Markets. The company was upgraded on Tuesday, December 15 by Piper Jaffray. On Friday, November 3 the stock rating was downgraded by Raymond James to “Market Perform”. The firm earned “Hold” rating on Tuesday, October 31 by BMO Capital Markets. Sterne Agee CRT initiated the shares of NWL in report on Tuesday, July 21 with “Buy” rating. As per Tuesday, November 8, the company rating was upgraded by Raymond James. The firm earned “Buy” rating on Friday, November 3 by Citigroup.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.17, from 0.94 in 2017Q2. It increased, as 71 investors sold NWL shares while 188 reduced holdings. 70 funds opened positions while 217 raised stakes. 442.84 million shares or 0.35% more from 441.31 million shares in 2017Q2 were reported. Tci Wealth Advsr reported 274 shares stake. Old Mutual Customised Solutions (Proprietary) Ltd reported 15,400 shares or 0.09% of all its holdings. Dimensional Fund Advsrs Lp stated it has 0.04% of its portfolio in Newell Brands Inc. (NYSE:NWL). Bbva Compass Comml Bank holds 8,394 shares. Accredited Inc holds 0.06% or 5,000 shares. Hgk Asset owns 237,867 shares. Gam Holding Ag holds 0.02% or 13,295 shares in its portfolio. Putnam Investments Limited Liability Co has 36,933 shares. California-based Capital Investors has invested 0.74% in Newell Brands Inc. (NYSE:NWL). Commerzbank Aktiengesellschaft Fi, Germany-based fund reported 42,636 shares. Capital Int Sarl invested in 80,915 shares or 0.29% of the stock. Guggenheim Capital Limited Liability Company has invested 0.07% in Newell Brands Inc. (NYSE:NWL). Asset Mngmt has 0% invested in Newell Brands Inc. (NYSE:NWL) for 4,435 shares. Capstone Inv Advisors Limited Co reported 20,918 shares stake. 409,071 were accumulated by Associated Banc.

Ivory Investment Management Lp, which manages about $3.62B and $2.01B US Long portfolio, upped its stake in Pinnacle Foods Inc Del (NYSE:PF) by 117,184 shares to 355,408 shares, valued at $20.32 million in 2017Q3, according to the filing. It also increased its holding in Cf Corp by 76,042 shares in the quarter, for a total of 4.27 million shares, and has risen its stake in Mellanox Technologies Ltd (NASDAQ:MLNX).

Among 17 analysts covering Equifax Inc (NYSE:EFX), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Equifax Inc had 55 analyst reports since July 24, 2015 according to SRatingsIntel. Deutsche Bank maintained Equifax Inc. (NYSE:EFX) on Friday, October 23 with “Hold” rating. Atlantic Securities initiated Equifax Inc. (NYSE:EFX) on Thursday, March 23 with “Overweight” rating. Stifel Nicolaus maintained it with “Buy” rating and $144 target in Friday, February 10 report. The company was downgraded on Friday, July 24 by Robert W. Baird. Barclays Capital maintained Equifax Inc. (NYSE:EFX) rating on Friday, February 12. Barclays Capital has “Overweight” rating and $115 target. As per Friday, September 15, the company rating was maintained by Morgan Stanley. Stephens downgraded the stock to “Equal Weight” rating in Monday, May 1 report. Jefferies maintained the stock with “Hold” rating in Thursday, August 4 report. Cowen & Co maintained it with “Buy” rating and $149.0 target in Thursday, September 7 report. Barclays Capital maintained Equifax Inc. (NYSE:EFX) on Thursday, September 14 with “Overweight” rating.

Analysts await Equifax Inc. (NYSE:EFX) to report earnings on February, 14. They expect $1.35 earnings per share, down 4.93% or $0.07 from last year’s $1.42 per share. EFX’s profit will be $162.11 million for 22.75 P/E if the $1.35 EPS becomes a reality. After $1.53 actual earnings per share reported by Equifax Inc. for the previous quarter, Wall Street now forecasts -11.76% negative EPS growth.

Investors sentiment decreased to 0.71 in 2017 Q3. Its down 0.33, from 1.04 in 2017Q2. It fall, as 131 investors sold EFX shares while 158 reduced holdings. 87 funds opened positions while 118 raised stakes. 108.40 million shares or 3.06% more from 105.18 million shares in 2017Q2 were reported. Northwest Invest Counselors Limited Liability Corp reported 0.22% of its portfolio in Equifax Inc. (NYSE:EFX). 16,744 are owned by Next Century Growth Ltd. Investors accumulated 4.85M shares. 100 are held by Johnson Fin. Quinn Opportunity Prtnrs Lc accumulated 9,000 shares or 0.15% of the stock. Moreover, Jupiter Asset Mgmt has 0.11% invested in Equifax Inc. (NYSE:EFX) for 30,000 shares. Manufacturers Life Ins The holds 0.12% or 987,133 shares. 58,493 were accumulated by Pnc Services Group. Veritable Lp stated it has 1,956 shares or 0% of all its holdings. Laffer Invs holds 0.39% of its portfolio in Equifax Inc. (NYSE:EFX) for 13,965 shares. Voya Management Llc, a Georgia-based fund reported 76,862 shares. Rbo And Company Ltd Llc invested in 33,375 shares or 0.92% of the stock. Cap Intl Sarl holds 27,700 shares. Meeder Asset Management has 0.01% invested in Equifax Inc. (NYSE:EFX). Raymond James Na owns 3,091 shares for 0.02% of their portfolio.

Old National Bancorp, which manages about $1.84 billion US Long portfolio, upped its stake in Cintas Corp (NASDAQ:CTAS) by 5,408 shares to 15,465 shares, valued at $2.23 million in 2017Q3, according to the filing. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 4,561 shares in the quarter, for a total of 32,092 shares, and has risen its stake in Select Sector Spdr Tr (XLI).

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