Inca Investments Has Lifted Position in Brf Sa (BRFS) as Shares Declined; As Toro Co (TTC) Market Valuation Rose, Shareholder Pacad Investment LTD Has Decreased Its Stake by $486,948

February 14, 2018 - By Peter Erickson

Pacad Investment Ltd decreased its stake in Toro Co (TTC) by 66.26% based on its latest 2017Q3 regulatory filing with the SEC. Pacad Investment Ltd sold 7,854 shares as the company’s stock rose 10.12% with the market. The institutional investor held 4,000 shares of the tools and hardware company at the end of 2017Q3, valued at $248,000, down from 11,854 at the end of the previous reported quarter. Pacad Investment Ltd who had been investing in Toro Co for a number of months, seems to be less bullish one the $6.61B market cap company. The stock increased 1.13% or $0.69 during the last trading session, reaching $61.68. About 114,394 shares traded. The Toro Company (NYSE:TTC) has risen 60.11% since February 14, 2017 and is uptrending. It has outperformed by 43.41% the S&P500.

Inca Investments Llc increased its stake in Brf Sa (BRFS) by 50.29% based on its latest 2017Q3 regulatory filing with the SEC. Inca Investments Llc bought 1.15M shares as the company’s stock declined 10.72% while stock markets rallied. The institutional investor held 3.43M shares of the meat and poultry and fish company at the end of 2017Q3, valued at $49.43 million, up from 2.28M at the end of the previous reported quarter. Inca Investments Llc who had been investing in Brf Sa for a number of months, seems to be bullish on the $8.06B market cap company. The stock increased 2.61% or $0.24 during the last trading session, reaching $9.45. About 808,879 shares traded. BRF S.A. (NYSE:BRFS) has declined 2.88% since February 14, 2017 and is downtrending. It has underperformed by 19.58% the S&P500.

Among 6 analysts covering BRF S.A. (NYSE:BRFS), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. BRF S.A. had 11 analyst reports since September 16, 2015 according to SRatingsIntel. The stock of BRF S.A. (NYSE:BRFS) has “Overweight” rating given on Thursday, September 14 by JP Morgan. The firm has “Sell” rating by Goldman Sachs given on Monday, October 5. The firm earned “Overweight” rating on Tuesday, May 31 by JP Morgan. The firm has “Neutral” rating by Bank of America given on Friday, October 30. Citigroup upgraded the shares of BRFS in report on Thursday, October 8 to “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Monday, January 9. As per Friday, January 29, the company rating was upgraded by Deutsche Bank. The rating was maintained by Bank of America with “Buy” on Friday, May 26. The rating was downgraded by JP Morgan on Wednesday, September 16 to “Neutral”.

Inca Investments Llc, which manages about $558.00 million and $465.59 million US Long portfolio, decreased its stake in Galicia (NASDAQ:GGAL) by 183,282 shares to 999,918 shares, valued at $51.54M in 2017Q3, according to the filing. It also reduced its holding in Credicorp Ltd (NYSE:BAP) by 16,800 shares in the quarter, leaving it with 289,700 shares, and cut its stake in Bancolombia Sa (NYSE:CIB).

Among 7 analysts covering Toro (NYSE:TTC), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Toro had 13 analyst reports since December 4, 2015 according to SRatingsIntel. On Friday, December 4 the stock rating was downgraded by Longbow to “Neutral”. The company was initiated on Friday, November 4 by Dougherty & Company. Seaport Global initiated The Toro Company (NYSE:TTC) on Tuesday, May 24 with “Neutral” rating. As per Friday, February 24, the company rating was maintained by Dougherty & Company. Dougherty & Company downgraded The Toro Company (NYSE:TTC) on Friday, August 25 to “Neutral” rating. The firm earned “Neutral” rating on Monday, May 22 by Longbow. Sidoti downgraded The Toro Company (NYSE:TTC) on Friday, June 10 to “Neutral” rating. Longbow downgraded the shares of TTC in report on Monday, December 12 to “Underperform” rating. The rating was maintained by Seaport Global on Thursday, January 18 with “Hold”. Cleveland upgraded The Toro Company (NYSE:TTC) on Friday, March 31 to “Buy” rating.

Pacad Investment Ltd, which manages about $451.72M US Long portfolio, upped its stake in Crown Holdings Inc (NYSE:CCK) by 5,800 shares to 7,600 shares, valued at $454,000 in 2017Q3, according to the filing. It also increased its holding in Global Pmts Inc (NYSE:GPN) by 6,100 shares in the quarter, for a total of 8,000 shares, and has risen its stake in Aes Corp (NYSE:AES).

Analysts await The Toro Company (NYSE:TTC) to report earnings on February, 22. They expect $0.43 EPS, up 4.88% or $0.02 from last year’s $0.41 per share. TTC’s profit will be $46.10 million for 35.86 P/E if the $0.43 EPS becomes a reality. After $0.31 actual EPS reported by The Toro Company for the previous quarter, Wall Street now forecasts 38.71% EPS growth.

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