Watts Water Technologies, Inc. (WTS) Touches $78.65 High on Jan, 14; Nicholas Investment Partners LP Lifted By $2.25 Million Its Old Dominion Fght Lines (ODFL) Holding

January 14, 2018 - By Kurt Siggers

Nicholas Investment Partners Lp increased Old Dominion Fght Lines Inc (ODFL) stake by 20.15% reported in 2017Q3 SEC filing. Nicholas Investment Partners Lp acquired 20,444 shares as Old Dominion Fght Lines Inc (ODFL)’s stock declined 6.90%. The Nicholas Investment Partners Lp holds 121,894 shares with $13.42M value, up from 101,450 last quarter. Old Dominion Fght Lines Inc now has $11.75B valuation. The stock increased 1.26% or $1.78 during the last trading session, reaching $142.58. About 369,392 shares traded. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has risen 37.85% since January 14, 2017 and is uptrending. It has outperformed by 21.15% the S&P500.

The stock of Watts Water Technologies, Inc. (NYSE:WTS) reached all time high today, Jan, 14 and still has $84.16 target or 7.00% above today’s $78.65 share price. This indicates more upside for the $2.69 billion company. This technical setup was reported by Barchart.com. If the $84.16 PT is reached, the company will be worth $188.02M more. The stock increased 1.55% or $1.2 during the last trading session, reaching $78.65. About 66,609 shares traded. Watts Water Technologies, Inc. (NYSE:WTS) has risen 15.50% since January 14, 2017 and is uptrending. It has underperformed by 1.20% the S&P500.

Watts Water Technologies, Inc. designs, makes, and sells products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company has market cap of $2.69 billion. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. It has a 29.13 P/E ratio. The firm also provides heating, ventilation, and air conditioning and gas products comprising commercial high-efficiency boilers, water heaters, and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.52, from 1.67 in 2017Q2. It dived, as 23 investors sold Watts Water Technologies, Inc. shares while 51 reduced holdings. 24 funds opened positions while 61 raised stakes. 25.81 million shares or 0.06% more from 25.80 million shares in 2017Q2 were reported. 200 are held by First Interstate National Bank. Pnc Financial Grp Incorporated holds 3,887 shares. Ls Inv Advsrs Ltd Liability Com holds 0% of its portfolio in Watts Water Technologies, Inc. (NYSE:WTS) for 1,010 shares. Teachers Retirement System Of The State Of Kentucky reported 9,500 shares or 0.01% of all its holdings. Arizona State Retirement, Arizona-based fund reported 14,446 shares. Guggenheim Capital Limited Liability owns 0.02% invested in Watts Water Technologies, Inc. (NYSE:WTS) for 98,197 shares. Louisiana State Employees Retirement Sys reported 11,300 shares. Bancorporation Of Montreal Can accumulated 0% or 28,056 shares. Price T Rowe Assocs Md holds 0% or 14,828 shares. Capstone Investment Ltd Co has invested 0.02% in Watts Water Technologies, Inc. (NYSE:WTS). Ameriprise Finance, a Minnesota-based fund reported 247,482 shares. Dimensional Fund Advisors Ltd Partnership invested 0.03% in Watts Water Technologies, Inc. (NYSE:WTS). Stone Run Lc invested in 57,250 shares. Rhumbline Advisers invested in 61,007 shares or 0.01% of the stock. Great West Life Assurance Can holds 0.01% or 37,051 shares in its portfolio.

Among 11 analysts covering Watts Water Technologies (NYSE:WTS), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Watts Water Technologies has $85.0 highest and $54 lowest target. $69.14’s average target is -12.09% below currents $78.65 stock price. Watts Water Technologies had 24 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Watts Water Technologies, Inc. (NYSE:WTS) earned “Market Perform” rating by Cowen & Co on Monday, August 17. Seaport Global downgraded the stock to “Neutral” rating in Friday, June 10 report. On Friday, November 3 the stock rating was maintained by Robert W. Baird with “Neutral”. Zacks upgraded Watts Water Technologies, Inc. (NYSE:WTS) rating on Monday, September 21. Zacks has “Buy” rating and $60 target. The stock has “Hold” rating by Cowen & Co on Thursday, July 20. The firm has “Hold” rating given on Thursday, August 3 by Oppenheimer. The stock of Watts Water Technologies, Inc. (NYSE:WTS) earned “Hold” rating by Cowen & Co on Thursday, September 28. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, March 8. As per Thursday, August 3, the company rating was maintained by Boenning & Scattergood. BB&T Capital upgraded Watts Water Technologies, Inc. (NYSE:WTS) on Friday, May 6 to “Buy” rating.

Analysts await Watts Water Technologies, Inc. (NYSE:WTS) to report earnings on February, 8. They expect $0.73 EPS, up 14.06% or $0.09 from last year’s $0.64 per share. WTS’s profit will be $24.93 million for 26.93 P/E if the $0.73 EPS becomes a reality. After $0.80 actual EPS reported by Watts Water Technologies, Inc. for the previous quarter, Wall Street now forecasts -8.75% negative EPS growth.

Since August 25, 2017, it had 0 buys, and 2 sales for $1.37 million activity. Another trade for 15,803 shares valued at $1.16 million was made by Pagano Robert J Jr on Friday, December 8. Melhem Elie had sold 3,306 shares worth $205,323 on Friday, August 25.

Nicholas Investment Partners Lp decreased Wendys Co (NASDAQ:WEN) stake by 58,934 shares to 262,079 valued at $4.07M in 2017Q3. It also reduced Entegris Inc (NASDAQ:ENTG) stake by 165,480 shares and now owns 142,061 shares. First Rep Bk San Francisco C (NYSE:FRC) was reduced too.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.07, from 1.07 in 2017Q2. It is positive, as 14 investors sold ODFL shares while 110 reduced holdings. 54 funds opened positions while 87 raised stakes. 57.59 million shares or 0.02% less from 57.60 million shares in 2017Q2 were reported. Vanguard Group accumulated 5.41M shares or 0.03% of the stock. Cubist Systematic Strategies Limited Liability Corporation reported 0.05% stake. 16,237 are owned by Voloridge Investment Management Ltd Liability Corporation. Meeder Asset Mngmt stated it has 0.03% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Bessemer Group Inc Inc invested in 610 shares. Federated Pa, a Pennsylvania-based fund reported 31,934 shares. Rmb Capital Ltd Liability invested in 59,911 shares or 0.17% of the stock. M&T Commercial Bank holds 0% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 6,064 shares. London Communication Of Virginia, a Virginia-based fund reported 1.33 million shares. Primecap Mgmt Ca invested in 505,200 shares. Deutsche Bancorporation Ag has invested 0.02% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Rk Capital Mngmt Limited Liability invested in 78,600 shares. Westfield Cap LP holds 0.26% or 311,552 shares in its portfolio. Cetera Advisor Ntwk Limited Liability Corp stated it has 0.02% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). The Netherlands-based Shell Asset Management has invested 0.06% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL).

Among 13 analysts covering Old Dominion Freight Line (NASDAQ:ODFL), 5 have Buy rating, 2 Sell and 6 Hold. Therefore 38% are positive. Old Dominion Freight Line had 39 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of ODFL in report on Tuesday, September 19 with “Hold” rating. The firm has “Sector Perform” rating given on Friday, July 31 by RBC Capital Markets. The stock has “Hold” rating by Deutsche Bank on Friday, July 31. As per Wednesday, November 2, the company rating was initiated by Deutsche Bank. The stock of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has “Buy” rating given on Wednesday, December 13 by Stifel Nicolaus. The firm earned “Sell” rating on Monday, December 4 by Deutsche Bank. The company was maintained on Friday, October 27 by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, September 23. The rating was downgraded by Bank of America to “Underperform” on Tuesday, October 10. The rating was maintained by Buckingham Research on Friday, October 27 with “Neutral”.

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