Cambrian Capital Limited Partnership Has Increased Parsley Energy (PE) Position; Renaissance Investment Group Lowered Its Position in Automatic Data Proc (ADP) by $2.13 Million as Shares Declined

February 18, 2018 - By Pete Kolinski

Renaissance Investment Group Llc decreased its stake in Automatic Data Proc (ADP) by 32.87% based on its latest 2017Q3 regulatory filing with the SEC. Renaissance Investment Group Llc sold 19,557 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 39,948 shares of the technology company at the end of 2017Q3, valued at $4.37 million, down from 59,505 at the end of the previous reported quarter. Renaissance Investment Group Llc who had been investing in Automatic Data Proc for a number of months, seems to be less bullish one the $51.50B market cap company. The stock increased 0.58% or $0.67 during the last trading session, reaching $116.18. About 1.45M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since February 18, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Cambrian Capital Limited Partnership increased its stake in Parsley Energy Inc (PE) by 31.37% based on its latest 2017Q3 regulatory filing with the SEC. Cambrian Capital Limited Partnership bought 47,653 shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund held 199,575 shares of the energy company at the end of 2017Q3, valued at $5.26M, up from 151,922 at the end of the previous reported quarter. Cambrian Capital Limited Partnership who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $7.38B market cap company. The stock increased 0.17% or $0.04 during the last trading session, reaching $23.46. About 4.64 million shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since February 18, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Since September 1, 2017, it had 0 insider purchases, and 31 sales for $37.63 million activity. 95,756 shares valued at $11.31 million were sold by Rodriguez Carlos A on Wednesday, January 3. The insider Ayala John sold $864,837. $3.53M worth of stock was sold by Bonarti Michael A on Tuesday, January 23. 20,909 shares were sold by Politi Douglas W, worth $2.42 million. 3,663 shares were sold by Albinson Brock, worth $390,267 on Friday, September 1. Another trade for 631 shares valued at $67,290 was made by Black Maria on Friday, September 1.

Investors sentiment decreased to 0.68 in 2017 Q3. 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. First Amer Bancorporation reported 23,801 shares. Albion Financial Gp Ut reported 0.05% in Automatic Data Processing, Inc. (NASDAQ:ADP). Americafirst Management Ltd Liability Co holds 1,786 shares. Exxonmobil Invest Mngmt Tx holds 0.22% or 81,149 shares. Silvercrest Asset Mgmt Grp Lc reported 57,142 shares or 0.06% of all its holdings. Weaver C Barksdale And Associates accumulated 1.14% or 9,370 shares. Cipher Capital LP owns 5,464 shares for 0.04% of their portfolio. Wells Fargo And Communications Mn holds 0.31% or 9.25 million shares. Kentucky Retirement Sys accumulated 0.23% or 27,472 shares. Baxter Bros has 47,474 shares for 1.49% of their portfolio. Welch Grp accumulated 0.03% or 1,631 shares. Moreover, Franklin Resource Inc has 0.06% invested in Automatic Data Processing, Inc. (NASDAQ:ADP). Planning Alternatives Ltd Adv invested 0.04% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Beach Investment Counsel Pa invested 0.25% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Commonwealth Equity Ser stated it has 130,432 shares.

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. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Buy” rating given on Monday, December 11 by Goldman Sachs. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, January 31 report. Argus Research maintained the shares of ADP in report on Thursday, August 3 with “Buy” rating. The rating was maintained by BMO Capital Markets on Friday, November 3 with “Outperform”. Barclays Capital maintained the shares of ADP in report on Thursday, February 1 with “Equal-Weight” rating. RBC Capital Markets maintained the shares of ADP in report on Monday, November 6 with “Hold” rating. Citigroup maintained the stock with “Neutral” rating in Friday, July 29 report. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Neutral” rating given on Friday, September 9 by Wedbush. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Hold” rating given on Tuesday, October 3 by Robert W. Baird. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, October 26.

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, February 6 by SunTrust. The rating was maintained by KeyBanc Capital Markets on Monday, August 22 with “Overweight”. The company was maintained on Thursday, July 13 by Stifel Nicolaus. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 2. The rating was maintained by FBR Capital on Friday, March 10 with “Outperform”. The firm has “Buy” rating by FBR Capital given on Thursday, June 1. The firm has “Outperform” rating given on Tuesday, January 30 by Credit Suisse. The firm has “Buy” rating by UBS given on Thursday, August 4. On Friday, September 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Tuesday, June 14.

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