As Spirit Aerosystems Hldgs (SPR) Valuation Declined, Holder Hound Partners Trimmed Position; Ardevora Asset Management Llp Raised Its Holding in Danaher Del (DHR) as Stock Price Declined

February 21, 2018 - By Linda Rogers

Jonathan Auerbach decreased its stake in Spirit Aerosystems Hldgs Inc (SPR) by 29.05% based on its latest 2017Q3 regulatory filing with the SEC. Hound Partners Llc sold 1.93M shares as the company’s stock declined 8.19% while stock markets rallied. The hedge fund run by Jonathan Auerbach held 4.71M shares of the capital goods company at the end of 2017Q3, valued at $365.85 million, down from 6.63 million at the end of the previous reported quarter. Hound Partners Llc who had been investing in Spirit Aerosystems Hldgs Inc for a number of months, seems to be less bullish one the $10.38 billion market cap company. The stock decreased 1.83% or $1.69 during the last trading session, reaching $90.66. About 864,456 shares traded. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 15.24% since February 21, 2017 and is uptrending. It has underperformed by 1.46% the S&P500.

Ardevora Asset Management Llp increased its stake in Danaher Corp Del (DHR) by 4.92% based on its latest 2017Q3 regulatory filing with the SEC. Ardevora Asset Management Llp bought 14,700 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 313,400 shares of the industrial machinery and components company at the end of 2017Q3, valued at $26.88 million, up from 298,700 at the end of the previous reported quarter. Ardevora Asset Management Llp who had been investing in Danaher Corp Del for a number of months, seems to be bullish on the $67.47 billion market cap company. The stock decreased 0.71% or $0.69 during the last trading session, reaching $96.85. About 2.11M shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since February 21, 2017 and is uptrending. It has underperformed by 6.08% the S&P500.

Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on May, 2. They expect $1.38 earnings per share, up 17.95% or $0.21 from last year’s $1.17 per share. SPR’s profit will be $158.00M for 16.42 P/E if the $1.38 EPS becomes a reality. After $1.32 actual earnings per share reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts 4.55% EPS growth.

Hound Partners Llc, which manages about $3.00 billion and $4.21B US Long portfolio, upped its stake in Altice Usa Inc by 390,173 shares to 2.07M shares, valued at $56.40M in 2017Q3, according to the filing. It also increased its holding in Fortinet Inc (NASDAQ:FTNT) by 1.84M shares in the quarter, for a total of 6.57M shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.21, from 0.88 in 2017Q2. It is positive, as 24 investors sold SPR shares while 116 reduced holdings. 70 funds opened positions while 82 raised stakes. 109.62 million shares or 4.49% less from 114.77 million shares in 2017Q2 were reported. First Trust Advisors Lp owns 405,071 shares or 0.08% of their US portfolio. Nomura has invested 0.01% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). First Interstate Fincl Bank holds 0.01% or 823 shares. Great Lakes Ltd holds 0.1% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) or 55,335 shares. Moreover, Fdx Advsrs Inc has 0.01% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 6,979 shares. Mai Cap Mngmt owns 7,000 shares for 0.03% of their portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0.01% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Wellington Grp Inc Limited Liability Partnership accumulated 200,233 shares. First Republic Invest owns 5,598 shares or 0% of their US portfolio. Virtu Llc holds 11,290 shares or 0% of its portfolio. Adage Cap Partners Grp Inc Inc Limited Liability Com owns 55,554 shares for 0.01% of their portfolio. Gideon Capital holds 0.31% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) or 4,005 shares. Clinton Gp has invested 0.05% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Citigroup Inc holds 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 72,524 shares. Lsv Asset Mngmt has 0.55% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR).

Among 22 analysts covering Spirit Aerosystems (NYSE:SPR), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Spirit Aerosystems had 67 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Monday, January 8 by SunTrust. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Outperform” rating by Wells Fargo on Tuesday, January 16. The firm has “Buy” rating given on Monday, January 8 by Jefferies. Jefferies maintained it with “Buy” rating and $6800 target in Monday, July 24 report. The rating was maintained by Buckingham Research on Thursday, September 28 with “Neutral”. The firm earned “Neutral” rating on Friday, December 9 by JP Morgan. The firm has “Buy” rating given on Tuesday, May 9 by UBS. RBC Capital Markets maintained the shares of SPR in report on Tuesday, January 23 with “Sell” rating. The firm has “Neutral” rating by Buckingham Research given on Thursday, June 9. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Buy” rating by Bernstein on Thursday, November 2.

Among 20 analysts covering Danaher Corporation (NYSE:DHR), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Danaher Corporation had 85 analyst reports since July 28, 2015 according to SRatingsIntel. Sterne Agee CRT maintained the shares of DHR in report on Monday, April 25 with “Neutral” rating. On Friday, February 24 the stock rating was upgraded by Citigroup to “Buy”. Argus Research maintained Danaher Corporation (NYSE:DHR) on Thursday, February 1 with “Buy” rating. The company was upgraded on Tuesday, July 28 by Morgan Stanley. The company was maintained on Tuesday, January 30 by Jefferies. The stock of Danaher Corporation (NYSE:DHR) earned “Buy” rating by Stifel Nicolaus on Friday, December 15. Stifel Nicolaus maintained it with “Buy” rating and $98 target in Thursday, October 1 report. On Thursday, August 3 the stock rating was maintained by Jefferies with “Buy”. The stock of Danaher Corporation (NYSE:DHR) has “Overweight” rating given on Friday, October 6 by Morgan Stanley. The stock of Danaher Corporation (NYSE:DHR) has “Overweight” rating given on Tuesday, December 13 by Morgan Stanley.

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.40, from 1.41 in 2017Q2. It fall, as 58 investors sold DHR shares while 367 reduced holdings. 78 funds opened positions while 352 raised stakes. 511.08 million shares or 0.43% more from 508.92 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement holds 0.21% or 877,076 shares. Lincoln Capital Ltd Liability Corp stated it has 1.61% of its portfolio in Danaher Corporation (NYSE:DHR). Los Angeles And Equity Research Inc holds 419,728 shares. Zevin Asset Mgmt Ltd Liability Company has invested 1.44% in Danaher Corporation (NYSE:DHR). Manufacturers Life Ins Co The accumulated 0.44% or 4.28 million shares. Toronto Dominion Retail Bank reported 0.07% stake. Bancorporation Of Nova Scotia Trust invested 0.3% in Danaher Corporation (NYSE:DHR). Destination Wealth Mgmt reported 0.62% stake. Hills National Bank & Trust And Trust Com accumulated 6,963 shares or 0.19% of the stock. Neville Rodie & Shaw Inc owns 50,912 shares. Sumitomo Mitsui Asset owns 64,834 shares or 0.09% of their US portfolio. Murphy Capital Mgmt reported 0.04% stake. Rex Capital Advsrs Ltd Company reported 2,407 shares or 0.16% of all its holdings. Edgemoor Inv Advisors holds 0.09% or 7,349 shares in its portfolio. Hedeker Wealth Limited reported 22,003 shares or 1.66% of all its holdings.

Ardevora Asset Management Llp, which manages about $3.34B US Long portfolio, decreased its stake in Nordstrom Inc (NYSE:JWN) by 54,800 shares to 569,200 shares, valued at $26.84M in 2017Q3, according to the filing. It also reduced its holding in Baxter Intl Inc (NYSE:BAX) by 44,700 shares in the quarter, leaving it with 427,400 shares, and cut its stake in Mastercard Incorporated (NYSE:MA).

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