Penobscot Investment Management Company Cut Holding in Auto Data Processing (ADP) by $813,576; Eqt Midstream Partners LP (EQM) Holder Bank Of Montreal Has Decreased Position by $12.34 Million

February 20, 2018 - By Adrian Erickson

Penobscot Investment Management Company Inc decreased its stake in Auto Data Processing (ADP) by 15.11% based on its latest 2017Q3 regulatory filing with the SEC. Penobscot Investment Management Company Inc sold 7,464 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 41,934 shares of the technology company at the end of 2017Q3, valued at $4.58M, down from 49,398 at the end of the previous reported quarter. Penobscot Investment Management Company Inc who had been investing in Auto Data Processing for a number of months, seems to be less bullish one the $51.04B market cap company. The stock decreased 0.90% or $1.04 during the last trading session, reaching $115.14. About 708,535 shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since February 20, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Bank Of Montreal decreased its stake in Eqt Midstream Partners Lp (EQM) by 15.27% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Montreal sold 166,735 shares as the company’s stock declined 9.60% while stock markets rallied. The institutional investor held 925,455 shares of the public utilities company at the end of 2017Q3, valued at $69.38M, down from 1.09M at the end of the previous reported quarter. Bank Of Montreal who had been investing in Eqt Midstream Partners Lp for a number of months, seems to be less bullish one the $5.29 billion market cap company. The stock decreased 1.87% or $1.25 during the last trading session, reaching $65.69. About 223,505 shares traded. EQT Midstream Partners, LP (NYSE:EQM) has declined 1.69% since February 20, 2017 and is downtrending. It has underperformed by 18.39% the S&P500.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Automatic Data had 57 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of ADP in report on Thursday, November 2 with “Hold” rating. The firm earned “Buy” rating on Tuesday, November 3 by Argus Research. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, October 3 report. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, February 1 report. BMO Capital Markets maintained the shares of ADP in report on Tuesday, July 11 with “Hold” rating. BMO Capital Markets maintained the stock with “Hold” rating in Monday, January 22 report. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Outperform” rating given on Tuesday, October 31 by Bernstein. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Neutral” rating by Citigroup on Friday, July 29. Morgan Stanley downgraded Automatic Data Processing, Inc. (NASDAQ:ADP) on Thursday, August 3 to “Underweight” rating. The company was downgraded on Tuesday, June 20 by Goldman Sachs.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.09, from 0.77 in 2017Q2. It worsened, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. 342.26 million shares or 3.77% less from 355.68 million shares in 2017Q2 were reported. Martingale Asset Mgmt Lp holds 0.01% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 4,320 shares. Winslow Evans And Crocker owns 15,290 shares or 0.55% of their US portfolio. Invesco Limited stated it has 6.84M shares or 0.28% of all its holdings. Cwm Lc stated it has 2,770 shares or 0.01% of all its holdings. Exxonmobil Mgmt Tx stated it has 0.22% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Girard Limited invested in 0.23% or 10,184 shares. Kistler stated it has 0.09% in Automatic Data Processing, Inc. (NASDAQ:ADP). Cibc Ww Markets holds 0.1% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 99,915 shares. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.24% in Automatic Data Processing, Inc. (NASDAQ:ADP). Peoples Finance Svcs Corp invested in 0.41% or 6,650 shares. Whitnell invested in 22,578 shares or 1.08% of the stock. Schaper Benz & Wise Invest Counsel Wi has 1.69% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). North Carolina-based Sterling Capital Management Ltd Liability Company has invested 0.08% in Automatic Data Processing, Inc. (NASDAQ:ADP). Columbia L L C Investment Mgmt invested in 0.09% or 5,960 shares. Norinchukin Bancshares The invested in 259,885 shares or 0.55% of the stock.

Penobscot Investment Management Company Inc, which manages about $361.63 million and $333.98 million US Long portfolio, upped its stake in S&P Global Inc by 4,975 shares to 9,810 shares, valued at $1.53M in 2017Q3, according to the filing. It also increased its holding in Hanesbrands Inc (NYSE:HBI) by 26,455 shares in the quarter, for a total of 51,915 shares, and has risen its stake in Du Pont E I De Nemours (NYSE:DD).

Since September 1, 2017, it had 0 buys, and 32 sales for $45.48 million activity. On Thursday, January 25 Perrotti Thomas J sold $7,980 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) or 66 shares. Albinson Brock had sold 1,373 shares worth $159,309 on Tuesday, January 2. $3.53 million worth of Automatic Data Processing, Inc. (NASDAQ:ADP) was sold by Bonarti Michael A. Shares for $864,837 were sold by Ayala John on Monday, January 22. O’Brien Dermot J sold $437,011 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, September 1. 4,619 shares were sold by Black Maria, worth $577,837 on Wednesday, January 31.

Bank Of Montreal, which manages about $34.23 billion and $109.19 billion US Long portfolio, upped its stake in Compass Minerals Intl Inc (NYSE:CMP) by 10,268 shares to 54,540 shares, valued at $3.54M in 2017Q3, according to the filing. It also increased its holding in Telephone & Data Sys Inc (NYSE:TDS) by 89,907 shares in the quarter, for a total of 95,803 shares, and has risen its stake in Sally Beauty Hldgs Inc (NYSE:SBH).

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