Findlay Park Partners Llp Has Decreased Its Brown & Brown (BRO) Stake; DDR (DDR) Has 1.16 Sentiment

December 7, 2017 - By Louis Casey

Findlay Park Partners Llp decreased Brown & Brown Inc (BRO) stake by 21.58% reported in 2017Q2 SEC filing. Findlay Park Partners Llp sold 900,000 shares as Brown & Brown Inc (BRO)’s stock declined 4.10%. The Findlay Park Partners Llp holds 3.27M shares with $140.90M value, down from 4.17M last quarter. Brown & Brown Inc now has $7.19 billion valuation. The stock decreased 0.21% or $0.11 during the last trading session, reaching $51.56. About 7,189 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 19.69% since December 7, 2016 and is uptrending. It has outperformed by 2.99% the S&P500.

DDR Corp. is an equity real estate investment trust. The company has market cap of $2.70 billion. It invests in the real estate markets of the United States and Puerto Rico. It currently has negative earnings. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.

Ratings analysis reveals 17% of DDR’s analysts are positive. Out of 6 Wall Street analysts rating DDR, 1 give it “Buy”, 3 “Sell” rating, while 2 recommend “Hold”. The lowest target is $14.5 while the high is $16.0. The stock’s average target of $15.17 is 106.11% above today’s ($7.36) share price. DDR was included in 6 notes of analysts from August 25, 2016. The firm earned “Sell” rating on Tuesday, December 13 by UBS. The company was maintained on Friday, February 24 by Canaccord Genuity. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, December 13. The company was upgraded on Monday, January 30 by Citigroup. The stock has “Underperform” rating by Bank of America on Thursday, August 25. The rating was upgraded by Mizuho to “Neutral” on Monday, November 7.

The stock decreased 0.67% or $0.05 during the last trading session, reaching $7.36. About 49,845 shares traded. DDR Corp. (DDR) has declined 44.53% since December 7, 2016 and is downtrending. It has underperformed by 61.23% the S&P500.

Security Capital Research & Management Inc holds 2.8% of its portfolio in DDR Corp. for 9.67 million shares. Orinda Asset Management Llc owns 351,030 shares or 2.47% of their US portfolio. Moreover, Forward Management Llc has 1.83% invested in the company for 2.38 million shares. The Illinois-based Heitman Real Estate Securities Llc has invested 1.75% in the stock. Waterfront Capital Partners Llc, a New York-based fund reported 886,535 shares.

Analysts await DDR Corp. (NYSE:DDR) to report earnings on February, 12. They expect $0.27 earnings per share, down 10.00% or $0.03 from last year’s $0.3 per share. DDR’s profit will be $99.20 million for 6.81 P/E if the $0.27 EPS becomes a reality. After $0.30 actual earnings per share reported by DDR Corp. for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Findlay Park Partners Llp increased Schwab Charles Corp New (NYSE:SCHW) stake by 500,000 shares to 5.86M valued at $251.67 million in 2017Q2. It also upped Berkshire Hathaway Inc Del (BRKB) stake by 179,011 shares and now owns 2.29M shares. Waste Connections Inc was raised too.

Among 14 analysts covering Brown & Brown (NYSE:BRO), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Brown & Brown had 43 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by Compass Point on Tuesday, September 15 with “Neutral”. As per Wednesday, April 19, the company rating was maintained by Wells Fargo. The company was downgraded on Thursday, January 7 by Suntrust Robinson. The firm has “Neutral” rating by Compass Point given on Wednesday, January 27. The rating was downgraded by Zacks on Tuesday, September 1 to “Hold”. The firm earned “Market Perform” rating on Wednesday, January 13 by Keefe Bruyette & Woods. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, January 27. The rating was maintained by RBC Capital Markets on Monday, September 25 with “Hold”. On Tuesday, July 19 the stock rating was maintained by Barclays Capital with “Underweight”. Barclays Capital downgraded it to “Underweight” rating and $28 target in Thursday, January 7 report.

Analysts await Brown & Brown, Inc. (NYSE:BRO) to report earnings on January, 22. They expect $0.42 earnings per share, 0.00% or $0.00 from last year’s $0.42 per share. BRO’s profit will be $58.55M for 30.69 P/E if the $0.42 EPS becomes a reality. After $0.53 actual earnings per share reported by Brown & Brown, Inc. for the previous quarter, Wall Street now forecasts -20.75% negative EPS growth.

Investors sentiment decreased to 1.29 in 2017 Q2. Its down 0.06, from 1.35 in 2017Q1. It fall, as 15 investors sold BRO shares while 80 reduced holdings. 34 funds opened positions while 89 raised stakes. 100.23 million shares or 0.54% more from 99.69 million shares in 2017Q1 were reported. Van Berkom & Associate accumulated 1.11M shares. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma has 137 shares. Select Equity Grp Lp has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Swiss Bank reported 0.01% in Brown & Brown, Inc. (NYSE:BRO). Leavell holds 0.2% or 36,400 shares in its portfolio. Stephens Ar holds 0.02% in Brown & Brown, Inc. (NYSE:BRO) or 12,119 shares. Cacti Asset Mngmt Ltd Liability Corporation holds 0.04% in Brown & Brown, Inc. (NYSE:BRO) or 10,850 shares. Cadence Limited Liability Co invested in 35,277 shares. Fund Sa stated it has 0.01% in Brown & Brown, Inc. (NYSE:BRO). Vanguard Grp Incorporated holds 11.23 million shares or 0.02% of its portfolio. Dekabank Deutsche Girozentrale invested in 23,733 shares or 0.01% of the stock. Robeco Institutional Asset Bv invested 0.02% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Cubist Systematic Strategies Limited Liability invested in 46,131 shares. Point72 Asset Management Limited Partnership invested in 11,500 shares or 0% of the stock. Madison Investment reported 964,841 shares.

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