Wedge Capital Management L LP Has Lowered American Electric Power Company (AEP) Holding By $1.52 Million; Schwerin Boyle Capital Management Decreased Ingersoll (IR) Holding

December 10, 2017 - By Maria Brooks

Schwerin Boyle Capital Management Inc decreased Ingersoll (IR) stake by 1.28% reported in 2017Q2 SEC filing. Schwerin Boyle Capital Management Inc sold 4,900 shares as Ingersoll (IR)’s stock rose 10.19%. The Schwerin Boyle Capital Management Inc holds 377,713 shares with $34.52 million value, down from 382,613 last quarter. Ingersoll now has $21.89 billion valuation. The stock increased 1.52% or $1.31 during the last trading session, reaching $87.61. About 2.18M shares traded or 23.15% up from the average. Ingersoll-Rand Plc (NYSE:IR) has risen 39.42% since December 10, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

Wedge Capital Management L LP decreased American Electric Power Company Inc. (AEP) stake by 11.59% reported in 2017Q2 SEC filing. Wedge Capital Management L LP sold 21,964 shares as American Electric Power Company Inc. (AEP)’s stock rose 7.19%. The Wedge Capital Management L LP holds 167,483 shares with $11.64 million value, down from 189,447 last quarter. American Electric Power Company Inc. now has $37.84B valuation. The stock increased 0.42% or $0.32 during the last trading session, reaching $76.93. About 1.46M shares traded. American Electric Power Company, Inc. (NYSE:AEP) has risen 7.63% since December 10, 2016 and is uptrending. It has underperformed by 9.07% the S&P500.

Among 22 analysts covering Ingersoll-Rand Plc (NYSE:IR), 12 have Buy rating, 0 Sell and 10 Hold. Therefore 55% are positive. Ingersoll-Rand Plc has $10500 highest and $53 lowest target. $84.83’s average target is -3.17% below currents $87.61 stock price. Ingersoll-Rand Plc had 61 analyst reports since July 30, 2015 according to SRatingsIntel. The company was initiated on Thursday, January 21 by Citigroup. As per Monday, September 11, the company rating was maintained by Stifel Nicolaus. The firm earned “Hold” rating on Tuesday, October 17 by Bank of America. The firm earned “Buy” rating on Monday, April 3 by Jefferies. J.P. Morgan downgraded the shares of IR in report on Wednesday, September 20 to “Hold” rating. The firm has “Buy” rating by Nomura given on Monday, March 7. Barclays Capital maintained it with “Equal-Weight” rating and $53 target in Monday, October 5 report. The rating was maintained by BMO Capital Markets on Friday, April 21 with “Buy”. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, April 27. The firm earned “Buy” rating on Friday, December 8 by Goldman Sachs.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.14, from 1.02 in 2017Q1. It dropped, as 45 investors sold IR shares while 217 reduced holdings. 71 funds opened positions while 159 raised stakes. 201.02 million shares or 1.95% less from 205.01 million shares in 2017Q1 were reported. Comerica National Bank stated it has 78,068 shares. 1,155 were reported by Next Gru. 9,521 are owned by Everence Cap Mgmt. Principal Financial Group holds 743,754 shares. Boston Private Wealth Ltd Liability invested in 0.02% or 6,467 shares. City Holdg holds 16,349 shares or 0.53% of its portfolio. Santa Barbara Asset Limited Liability Company has invested 1.86% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Northwestern Mutual Wealth Mgmt Communication invested in 8,802 shares or 0.01% of the stock. First Republic Invest stated it has 0.02% in Ingersoll-Rand Plc (NYSE:IR). Brandywine Inv Limited Co invested 0.12% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Cibc World Markets Inc owns 38,657 shares. Hightower Advsr Ltd Liability Corp holds 54,778 shares or 0.04% of its portfolio. Intll Group Incorporated stated it has 0.04% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). 418,950 were reported by Meyer Handelman. Fred Alger Mngmt Incorporated, a New York-based fund reported 198 shares.

Analysts await Ingersoll-Rand Plc (NYSE:IR) to report earnings on February, 7. They expect $1.03 EPS, up 22.62% or $0.19 from last year’s $0.84 per share. IR’s profit will be $257.36M for 21.26 P/E if the $1.03 EPS becomes a reality. After $1.44 actual EPS reported by Ingersoll-Rand Plc for the previous quarter, Wall Street now forecasts -28.47% negative EPS growth.

Among 19 analysts covering American Electric Power Company Inc. (NYSE:AEP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. American Electric Power Company Inc. had 60 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, August 18 by Mizuho. The firm has “Hold” rating given on Wednesday, November 2 by Evercore. UBS upgraded the shares of AEP in report on Monday, December 7 to “Buy” rating. The stock of American Electric Power Company, Inc. (NYSE:AEP) earned “Buy” rating by Deutsche Bank on Friday, October 23. The stock of American Electric Power Company, Inc. (NYSE:AEP) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, October 18. As per Monday, November 13, the company rating was maintained by Morgan Stanley. The rating was downgraded by Goldman Sachs on Monday, June 26 to “Neutral”. The company was maintained on Sunday, October 8 by RBC Capital Markets. The rating was maintained by Jefferies on Friday, June 17 with “Buy”. The rating was maintained by Barclays Capital on Friday, July 29 with “Overweight”.

Analysts await American Electric Power Company, Inc. (NYSE:AEP) to report earnings on January, 25. They expect $0.76 EPS, up 13.43% or $0.09 from last year’s $0.67 per share. AEP’s profit will be $373.84M for 25.31 P/E if the $0.76 EPS becomes a reality. After $1.10 actual EPS reported by American Electric Power Company, Inc. for the previous quarter, Wall Street now forecasts -30.91% negative EPS growth.

Wedge Capital Management L LP increased Pinnacle Financial Partners Inc. (NASDAQ:PNFP) stake by 4,996 shares to 279,178 valued at $17.53 million in 2017Q2. It also upped Halliburton Company (NYSE:HAL) stake by 30,568 shares and now owns 297,742 shares. Spartannash Company (NASDAQ:SPTN) was raised too.

Investors sentiment increased to 1.09 in Q2 2017. Its up 0.10, from 0.99 in 2017Q1. It is positive, as 37 investors sold AEP shares while 255 reduced holdings. 72 funds opened positions while 245 raised stakes. 348.55 million shares or 2.95% more from 338.55 million shares in 2017Q1 were reported. Metropolitan Life Insur Ny has invested 0.11% in American Electric Power Company, Inc. (NYSE:AEP). Stanley accumulated 36,221 shares. Hallmark Cap Mngmt holds 22,898 shares or 0.21% of its portfolio. Adirondack Trust stated it has 0% in American Electric Power Company, Inc. (NYSE:AEP). Asset Mgmt One holds 0.15% or 823,484 shares. Assets Mgmt Ltd Liability Corporation accumulated 50,000 shares. 7,185 were accumulated by Community Bank Na. Wedge Cap Management L Lp Nc holds 0.11% or 167,483 shares in its portfolio. Aspiriant invested in 0.07% or 11,912 shares. Cranbrook Wealth Ltd Com reported 0.05% stake. Tokio Marine Asset Mngmt Ltd holds 4,872 shares. Td Ltd Limited Liability Company accumulated 0.01% or 252 shares. Weiss Multi reported 239,104 shares. Ig Inv stated it has 0.01% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP). 30,000 are held by Dnb Asset Mngmt As.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Twitter Auto Publish Powered By : XYZScripts.com