Crestpoint Capital Management Lowered Harris (HRS) Holding; Standard Motor Products (SMP)’s Sentiment Is 1.98

February 17, 2018 - By Linda Rogers

Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company has market cap of $1.09 billion. The companyÂ’s Engine Management segment makes engine management replacement parts, including electronic ignition control modules, fuel injectors, remanufactured diesel injectors and pumps, ignition wires, coils, switches, sensors, relays, EGR valves, distributor caps and rotors, electronic throttle bodies, and other engine management components, as well as wire and cable parts. It has a 20.41 P/E ratio. It offers its products primarily under the Standard, Blue Streak, BWD, Select, Intermotor, OEM, LockSmart, TechSmart, Tech Expert, and GP Sorensen brands, as well as through private labels, such as CARQUEST, Duralast, Duralast Gold, Import Direct, Master Pro, NAPA Echlin, NAPA Proformer, Mileage Plus, NAPA Belden, Omni-Spark, Ultima Select, and Driveworks.

Crestpoint Capital Management Llc decreased Harris Corp (HRS) stake by 36.36% reported in 2017Q3 SEC filing. Crestpoint Capital Management Llc sold 2,800 shares as Harris Corp (HRS)’s stock declined 1.51%. The Crestpoint Capital Management Llc holds 4,900 shares with $645,000 value, down from 7,700 last quarter. Harris Corp now has $18.60 billion valuation. The stock increased 0.28% or $0.43 during the last trading session, reaching $156.66. About 633,916 shares traded. Harris Corporation (NYSE:HRS) has risen 39.09% since February 17, 2017 and is uptrending. It has outperformed by 22.39% the S&P500.

Among 10 analysts covering Harris (NYSE:HRS), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Harris had 36 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Harris Corporation (NYSE:HRS) has “Buy” rating given on Monday, January 22 by Cowen & Co. The firm has “Buy” rating by Credit Suisse given on Wednesday, January 31. The stock has “Buy” rating by Seaport Global Securities on Monday, November 7. The stock of Harris Corporation (NYSE:HRS) earned “Buy” rating by Cowen & Co on Wednesday, June 7. Jefferies maintained the shares of HRS in report on Thursday, August 17 with “Buy” rating. Jefferies maintained it with “Buy” rating and $12500 target in Tuesday, June 6 report. The rating was maintained by Jefferies on Wednesday, November 1 with “Buy”. Barclays Capital upgraded the stock to “Equal-Weight” rating in Monday, August 10 report. JP Morgan maintained Harris Corporation (NYSE:HRS) rating on Wednesday, November 1. JP Morgan has “Overweight” rating and $148 target. As per Monday, November 7, the company rating was upgraded by Cowen & Co.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.06, from 0.93 in 2017Q2. It is positive, as 33 investors sold HRS shares while 196 reduced holdings. 78 funds opened positions while 148 raised stakes. 99.32 million shares or 1.40% less from 100.73 million shares in 2017Q2 were reported. Tarbox Family Office has 0% invested in Harris Corporation (NYSE:HRS). Carret Asset Mgmt holds 0.37% in Harris Corporation (NYSE:HRS) or 17,475 shares. Foyston Gordon Payne has invested 0.99% of its portfolio in Harris Corporation (NYSE:HRS). Bluestein R H And holds 0.03% in Harris Corporation (NYSE:HRS) or 4,000 shares. Pacific Alternative Asset Mngmt Co Ltd Liability Co reported 0.23% of its portfolio in Harris Corporation (NYSE:HRS). Spinnaker has 3,616 shares. Clear Harbor Asset Mngmt Limited Liability stated it has 23,788 shares or 0.62% of all its holdings. Congress Asset Mgmt Ma holds 0.09% of its portfolio in Harris Corporation (NYSE:HRS) for 41,894 shares. Baldwin Brothers Ma has invested 0.01% in Harris Corporation (NYSE:HRS). Gotham Asset Mngmt Limited Company owns 309,864 shares for 0.6% of their portfolio. 1.29M are owned by Burgundy Asset Management. Quantitative Investment Management Ltd Com owns 0.23% invested in Harris Corporation (NYSE:HRS) for 153,700 shares. Segall Bryant And Hamill Limited Com stated it has 14,815 shares. Hm Payson & Comm holds 1.45% of its portfolio in Harris Corporation (NYSE:HRS) for 256,138 shares. Saturna Cap Corp reported 394,660 shares or 1.68% of all its holdings.

Since August 21, 2017, it had 0 buys, and 2 insider sales for $2.21 million activity. $533,911 worth of Harris Corporation (NYSE:HRS) was sold by MIKUEN SCOTT T. 50,300 Harris Corporation (NYSE:HRS) shares with value of $5.95 million were sold by FOX SHELDON J.

Crestpoint Capital Management Llc increased Affiliated Mgrs (NYSE:AMG) stake by 1,900 shares to 11,900 valued at $2.26M in 2017Q3. It also upped Owens Corning (NYSE:OC) stake by 4,200 shares and now owns 16,700 shares. Intel (NASDAQ:INTC) was raised too.

Since January 1, 0001, it had 0 insider buys, and 20 insider sales for $3.77 million activity.

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