Ruane Cunniff & Goldfarb Has Cut Waters (WAT) Stake by $115.78 Million; Beaconlight Capital Has Upped Its Stake in Wells Fargo Co New (WFC) by $2.16 Million as Share Value Declined

February 17, 2018 - By Pete Kolinski

Ed Bosek increased its stake in Wells Fargo Co New (WFC) by 54.28% based on its latest 2017Q3 regulatory filing with the SEC. Beaconlight Capital Llc bought 39,350 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by Ed Bosek held 111,850 shares of the major banks company at the end of 2017Q3, valued at $6.17 million, up from 72,500 at the end of the previous reported quarter. Beaconlight Capital Llc who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $293.25 billion market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $59.95. About 18.66M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 17, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Ruane Cunniff & Goldfarb Inc decreased its stake in Waters Corp (WAT) by 36.15% based on its latest 2017Q3 regulatory filing with the SEC. Ruane Cunniff & Goldfarb Inc sold 646,810 shares as the company’s stock rose 13.72% with the market. The institutional investor held 1.14 million shares of the laboratory analytical instruments company at the end of 2017Q3, valued at $205.05M, down from 1.79 million at the end of the previous reported quarter. Ruane Cunniff & Goldfarb Inc who had been investing in Waters Corp for a number of months, seems to be less bullish one the $16.40 billion market cap company. The stock decreased 0.35% or $0.72 during the last trading session, reaching $206.18. About 341,636 shares traded. Waters Corporation (NYSE:WAT) has risen 30.08% since February 17, 2017 and is uptrending. It has outperformed by 13.38% the S&P500.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It is negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Sfe Inv Counsel reported 87,887 shares. Barrington Strategic Wealth Mgmt Group Inc Ltd Company holds 1.09% in Wells Fargo & Company (NYSE:WFC) or 39,053 shares. Grubman Wealth owns 0.17% invested in Wells Fargo & Company (NYSE:WFC) for 4,408 shares. Financial Counselors owns 0.09% invested in Wells Fargo & Company (NYSE:WFC) for 32,174 shares. Koshinski Asset Mngmt Incorporated has 12,208 shares for 0.22% of their portfolio. Alley Lc invested in 101,355 shares or 2.03% of the stock. Butensky & Cohen Financial Security has 1.97% invested in Wells Fargo & Company (NYSE:WFC) for 40,365 shares. Palo Incorporated owns 1.21% invested in Wells Fargo & Company (NYSE:WFC) for 41,531 shares. Credit Agricole S A reported 3.01 million shares. Moreover, First Comml Bank Of Hutchinson has 0.2% invested in Wells Fargo & Company (NYSE:WFC) for 5,872 shares. Ajo LP stated it has 20,613 shares or 0% of all its holdings. Capital holds 1.33% or 20.17M shares in its portfolio. Chatham Cap Gp owns 38,052 shares. Alpine Global Management Ltd Limited Liability Company, a New York-based fund reported 5,200 shares. Voya Inv Management Limited Liability Corporation reported 5.63 million shares.

Since November 17, 2017, it had 0 insider buys, and 1 sale for $292,234 activity.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Susquehanna on Thursday, December 1. Barclays Capital maintained Wells Fargo & Company (NYSE:WFC) on Monday, July 18 with “Overweight” rating. The firm has “Buy” rating by Sandler O’Neill given on Tuesday, January 9. The company was maintained on Thursday, July 27 by RBC Capital Markets. As per Tuesday, September 5, the company rating was maintained by Robert W. Baird. The rating was maintained by Nomura on Monday, April 25 with “Buy”. Bernstein upgraded the shares of WFC in report on Wednesday, January 3 to “Outperform” rating. BMO Capital Markets maintained Wells Fargo & Company (NYSE:WFC) rating on Sunday, July 30. BMO Capital Markets has “Hold” rating and $4900 target. On Friday, October 6 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was downgraded on Wednesday, September 21 by JP Morgan.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.09, from 1.08 in 2017Q2. It fall, as 36 investors sold WAT shares while 163 reduced holdings. 48 funds opened positions while 150 raised stakes. 73.71 million shares or 3.26% more from 71.38 million shares in 2017Q2 were reported. Twin Capital Mgmt Incorporated has 0.04% invested in Waters Corporation (NYSE:WAT). British Columbia Invest Mngmt Corp holds 0.05% of its portfolio in Waters Corporation (NYSE:WAT) for 33,842 shares. Impax Asset Mgmt stated it has 190,236 shares. 133,322 were accumulated by Jpmorgan Chase. Veritas Asset Mgmt Llp holds 2.37 million shares. Wellington Mgmt Group Incorporated Llp invested in 0.03% or 831,037 shares. Menta Limited Company accumulated 0.18% or 6,720 shares. Vident Advisory Llc invested 0.02% in Waters Corporation (NYSE:WAT). Dubuque Bank & Trust & Tru holds 0.07% or 2,466 shares. Belgium-based Kbc Gp Nv has invested 0.02% in Waters Corporation (NYSE:WAT). Champlain Inv Ptnrs Ltd Llc reported 459,405 shares. Moreover, Brown Brothers Harriman & Company has 0.01% invested in Waters Corporation (NYSE:WAT) for 8,374 shares. Diversified has 1,285 shares. Boston Common Asset Management Limited Liability Corporation reported 0.04% stake. Boyd Watterson Asset Mngmt Oh stated it has 0.12% in Waters Corporation (NYSE:WAT).

Ruane Cunniff & Goldfarb Inc, which manages about $26.52B and $11.42B US Long portfolio, upped its stake in Alphabet Inc by 201,583 shares to 650,980 shares, valued at $633.87M in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 386,289 shares in the quarter, for a total of 828,631 shares, and has risen its stake in Jd Com Inc (NASDAQ:JD).

Among 19 analysts covering Waters Corporation (NYSE:WAT), 7 have Buy rating, 0 Sell and 12 Hold. Therefore 37% are positive. Waters Corporation had 56 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, October 25 by Robert W. Baird. The company was maintained on Tuesday, June 6 by Jefferies. The stock of Waters Corporation (NYSE:WAT) earned “Neutral” rating by Bank of America on Tuesday, April 5. The stock has “Buy” rating by Robert W. Baird on Monday, October 2. The stock has “Neutral” rating by Citigroup on Wednesday, January 24. The rating was maintained by Deutsche Bank on Wednesday, October 25 with “Hold”. The stock of Waters Corporation (NYSE:WAT) earned “Hold” rating by Deutsche Bank on Thursday, January 7. The firm has “Buy” rating by Zacks given on Monday, August 24. The stock of Waters Corporation (NYSE:WAT) has “Neutral” rating given on Wednesday, July 29 by Mizuho. Barclays Capital maintained the stock with “Equalweight” rating in Wednesday, July 27 report.

Since September 8, 2017, it had 0 buys, and 8 insider sales for $39.20 million activity. Shares for $4.71 million were sold by Cassis Eugene G. Shares for $4.94 million were sold by Kelly Terrence P on Wednesday, December 13. 28,400 shares valued at $6.22 million were sold by Rae Elizabeth B on Monday, January 29. $1.08M worth of Waters Corporation (NYSE:WAT) shares were sold by BEAUDOUIN MARK T. The insider TERRICCIANO DAVID sold 21,997 shares worth $4.34M.

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