Bares Capital Management Cut America’s Car (CRMT) Position by $19.23 Million; As Emerson Elec Co (EMR) Share Value Declined, State Farm Mutual Automobile Insurance Company Lowered by $15.92 Million Its Stake

February 15, 2018 - By Dolores Ford

State Farm Mutual Automobile Insurance Company decreased its stake in Emerson Elec Co (EMR) by 3.03% based on its latest 2017Q3 regulatory filing with the SEC. State Farm Mutual Automobile Insurance Company sold 256,694 shares as the company’s stock declined 4.02% while stock markets rallied. The institutional investor held 8.21 million shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $515.78 million, down from 8.46 million at the end of the previous reported quarter. State Farm Mutual Automobile Insurance Company who had been investing in Emerson Elec Co for a number of months, seems to be less bullish one the $45.31 billion market cap company. The stock increased 0.18% or $0.12 during the last trading session, reaching $70.95. About 1.46 million shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since February 15, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Brian Bares decreased its stake in America’s Car (CRMT) by 61.43% based on its latest 2017Q3 regulatory filing with the SEC. Bares Capital Management Inc sold 469,037 shares as the company’s stock declined 9.91% while stock markets rallied. The hedge fund run by Brian Bares held 294,477 shares of the consumer durables company at the end of 2017Q3, valued at $12.11 million, down from 763,514 at the end of the previous reported quarter. Bares Capital Management Inc who had been investing in America’s Car for a number of months, seems to be less bullish one the $324.26M market cap company. The stock increased 0.55% or $0.25 during the last trading session, reaching $45.35. About 2,845 shares traded. America's Car-Mart, Inc. (NASDAQ:CRMT) has risen 53.64% since February 15, 2017 and is uptrending. It has outperformed by 36.94% the S&P500.

Since August 31, 2017, it had 0 buys, and 2 selling transactions for $616,887 activity. 7,518 Emerson Electric Co. (NYSE:EMR) shares with value of $498,900 were sold by Button Bell Katherine.

Among 29 analysts covering Emerson Electric Co. (NYSE:EMR), 11 have Buy rating, 2 Sell and 16 Hold. Therefore 38% are positive. Emerson Electric Co. had 84 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by Berenberg on Monday, October 3 with “Sell”. JMP Securities initiated the stock with “Mkt Outperform” rating in Monday, June 19 report. Citigroup initiated the stock with “Sell” rating in Thursday, January 21 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, October 5 report. The stock has “Hold” rating by Argus Research on Thursday, August 6. As per Friday, November 17, the company rating was downgraded by Edward Jones. The company was upgraded on Monday, January 9 by Bank of America. The firm earned “Hold” rating on Wednesday, August 26 by Vertical Research. The stock of Emerson Electric Co. (NYSE:EMR) earned “Buy” rating by Standpoint Research on Wednesday, January 20. On Tuesday, August 1 the stock rating was maintained by Oppenheimer with “Hold”.

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.14, from 1 in 2017Q2. It worsened, as 44 investors sold EMR shares while 444 reduced holdings. 92 funds opened positions while 328 raised stakes. 432.93 million shares or 1.76% less from 440.67 million shares in 2017Q2 were reported. Pettee Investors invested in 0.71% or 17,486 shares. The Georgia-based Rowland & Com Invest Counsel Adv has invested 0.4% in Emerson Electric Co. (NYSE:EMR). Azimuth Mngmt Ltd Liability owns 144,962 shares. Live Your Vision Limited Liability Company has invested 0.02% in Emerson Electric Co. (NYSE:EMR). First Natl Bank owns 43,408 shares for 0.21% of their portfolio. Texas Yale Cap reported 22,765 shares or 0.12% of all its holdings. Retirement Of Alabama invested in 310,509 shares. Northern Trust Corp holds 0.16% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 9.94M shares. First Mercantile has invested 0.17% of its portfolio in Emerson Electric Co. (NYSE:EMR). Advisory Services Ntwk Ltd Liability Corp invested 0.09% in Emerson Electric Co. (NYSE:EMR). D E Shaw And owns 0.06% invested in Emerson Electric Co. (NYSE:EMR) for 614,320 shares. Buckhead Capital Mgmt Limited Liability owns 12,130 shares. Ar Asset Management holds 7,130 shares. 109,597 are held by Dixon Hubard Feinour Brown Va. Missouri-based First Heartland Consultants Incorporated has invested 0.13% in Emerson Electric Co. (NYSE:EMR).

Since September 1, 2017, it had 0 buys, and 3 insider sales for $1.57 million activity. HIGHT EDDIE L sold 27,370 shares worth $1.08M.

Among 6 analysts covering America's Car-Mart (NASDAQ:CRMT), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. America's Car-Mart had 15 analyst reports since August 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Wednesday, January 10. The firm earned “Hold” rating on Friday, September 22 by Jefferies. As per Monday, August 22, the company rating was maintained by Jefferies. On Wednesday, January 3 the stock rating was maintained by Stephens with “Hold”. The rating was maintained by Citigroup on Thursday, April 7 with “Hold”. As per Monday, August 24, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Tuesday, August 25 by Zacks. The firm has “Equal-Weight” rating by Stephens given on Tuesday, August 25. CL King downgraded America's Car-Mart, Inc. (NASDAQ:CRMT) on Friday, November 20 to “Neutral” rating. The rating was initiated by Sidoti on Tuesday, March 15 with “Buy”.

Analysts await America's Car-Mart, Inc. (NASDAQ:CRMT) to report earnings on February, 19. They expect $0.55 EPS, up 57.14% or $0.20 from last year’s $0.35 per share. CRMT’s profit will be $3.93M for 20.61 P/E if the $0.55 EPS becomes a reality. After $0.79 actual EPS reported by America's Car-Mart, Inc. for the previous quarter, Wall Street now forecasts -30.38% negative EPS growth.

Bares Capital Management Inc, which manages about $984.50M and $2.22 billion US Long portfolio, upped its stake in Gartner Inc. (NYSE:IT) by 42,195 shares to 1.14 million shares, valued at $141.69 million in 2017Q3, according to the filing. It also increased its holding in Under Armour Inc Cl C by 447,650 shares in the quarter, for a total of 8.09 million shares, and has risen its stake in Costar Group (NASDAQ:CSGP).

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