Te Connectivity LTD (TEL) Shareholder Guggenheim Capital Has Decreased Its Position as Shares Declined; Thor Inds (THO) Valuation Declined While Cibc World Markets Decreased Holding by $1.21 Million

February 20, 2018 - By Adrian Mccoy

Cibc World Markets Inc decreased its stake in Thor Inds Inc (THO) by 75.8% based on its latest 2017Q3 regulatory filing with the SEC. Cibc World Markets Inc sold 9,708 shares as the company’s stock declined 15.74% while stock markets rallied. The institutional investor held 3,100 shares of the consumer non-durables company at the end of 2017Q3, valued at $390,000, down from 12,808 at the end of the previous reported quarter. Cibc World Markets Inc who had been investing in Thor Inds Inc for a number of months, seems to be less bullish one the $6.67B market cap company. The stock increased 1.41% or $1.76 during the last trading session, reaching $126.59. About 385,109 shares traded. Thor Industries, Inc. (NYSE:THO) has risen 48.76% since February 20, 2017 and is uptrending. It has outperformed by 32.06% the S&P500.

Guggenheim Capital Llc decreased its stake in Te Connectivity Ltd (TEL) by 3.02% based on its latest 2017Q3 regulatory filing with the SEC. Guggenheim Capital Llc sold 22,641 shares as the company’s stock declined 0.72% while stock markets rallied. The institutional investor held 726,006 shares of the electronic components company at the end of 2017Q3, valued at $60.30 million, down from 748,647 at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Te Connectivity Ltd for a number of months, seems to be less bullish one the $36.12B market cap company. The stock increased 0.72% or $0.74 during the last trading session, reaching $102.84. About 441,001 shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 29.30% since February 20, 2017 and is uptrending. It has outperformed by 12.60% the S&P500.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.03, from 0.97 in 2017Q2. It is positive, as 26 investors sold TEL shares while 200 reduced holdings. 61 funds opened positions while 164 raised stakes. 311.89 million shares or 0.86% more from 309.23 million shares in 2017Q2 were reported. Envestnet Asset Mgmt accumulated 94,169 shares or 0.02% of the stock. Invsts has invested 0.34% in TE Connectivity Ltd. (NYSE:TEL). Cap Fund Management owns 5,060 shares. 1.10M were accumulated by Deutsche Bankshares Ag. Union National Bank Corporation has 47,037 shares for 1.31% of their portfolio. 6,686 were accumulated by Trexquant Inv Ltd Partnership. State Street Corporation reported 0.1% stake. Oakbrook Limited Liability invested in 0.13% or 24,050 shares. Utd Automobile Association accumulated 149,344 shares or 0.04% of the stock. Cornerstone Advsrs stated it has 21,000 shares. Ameriprise Incorporated invested in 0.06% or 1.46M shares. Lyrical Asset Mgmt Limited Partnership has invested 3.88% in TE Connectivity Ltd. (NYSE:TEL). Moreover, Sterling Management Ltd Liability Company has 0% invested in TE Connectivity Ltd. (NYSE:TEL) for 5,295 shares. Fuller Thaler Asset has 0% invested in TE Connectivity Ltd. (NYSE:TEL) for 1,900 shares. Prudential Inc holds 0.07% in TE Connectivity Ltd. (NYSE:TEL) or 480,371 shares.

Among 12 analysts covering TE Connectivity (NYSE:TEL), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. TE Connectivity had 44 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Monday, October 16 by Cowen & Co. Berenberg downgraded the shares of TEL in report on Wednesday, March 2 to “Hold” rating. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, January 3. RBC Capital Markets maintained it with “Buy” rating and $90.0 target in Thursday, October 12 report. The firm has “Outperform” rating given on Thursday, January 25 by Wells Fargo. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Buy” rating by Stifel Nicolaus on Thursday, January 26. The firm has “Outperform” rating given on Friday, September 25 by RBC Capital Markets. The stock of TE Connectivity Ltd. (NYSE:TEL) has “Buy” rating given on Monday, September 4 by Stifel Nicolaus. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Neutral” rating by Longbow on Thursday, January 14. SunTrust maintained TE Connectivity Ltd. (NYSE:TEL) rating on Wednesday, October 11. SunTrust has “Hold” rating and $83.0 target.

Since September 1, 2017, it had 0 insider buys, and 5 insider sales for $52.16 million activity. LYNCH THOMAS J sold $10.89 million worth of stock or 130,616 shares. $14.85 million worth of TE Connectivity Ltd. (NYSE:TEL) shares were sold by CURTIN TERRENCE R.

Guggenheim Capital Llc, which manages about $25.60 billion and $42.57 billion US Long portfolio, upped its stake in Charles Riv Labs Intl Inc (NYSE:CRL) by 3,263 shares to 53,701 shares, valued at $5.80 million in 2017Q3, according to the filing. It also increased its holding in Wellcare Health Plans Inc (NYSE:WCG) by 24,760 shares in the quarter, for a total of 134,764 shares, and has risen its stake in First Rep Bk San Francisco C (NYSE:FRC).

Among 14 analysts covering Thor Industries Inc (NYSE:THO), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Thor Industries Inc had 33 analyst reports since September 29, 2015 according to SRatingsIntel. The rating was upgraded by BMO Capital Markets to “Outperform” on Tuesday, September 29. The firm has “Hold” rating given on Tuesday, November 28 by Stifel Nicolaus. The stock of Thor Industries, Inc. (NYSE:THO) earned “Hold” rating by Stifel Nicolaus on Tuesday, September 19. Sidoti initiated it with “Buy” rating and $13300 target in Friday, August 11 report. The firm has “Hold” rating given on Tuesday, June 6 by BMO Capital Markets. On Thursday, September 28 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was maintained by Wunderlich on Tuesday, June 7 with “Buy”. Robert W. Baird maintained the stock with “Buy” rating in Thursday, September 7 report. Robert W. Baird upgraded Thor Industries, Inc. (NYSE:THO) on Wednesday, February 8 to “Outperform” rating. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, July 13 report.

Since September 18, 2017, it had 0 insider buys, and 2 insider sales for $575,840 activity. $320,160 worth of Thor Industries, Inc. (NYSE:THO) was sold by ORTHWEIN PETER BUSCH on Monday, September 18.

Cibc World Markets Inc, which manages about $20.88B US Long portfolio, upped its stake in Manulife Finl Corp (NYSE:MFC) by 27.63M shares to 27.66M shares, valued at $561.20 million in 2017Q3, according to the filing. It also increased its holding in Metlife Inc (NYSE:MET) by 73,273 shares in the quarter, for a total of 225,273 shares, and has risen its stake in Vaneck Vectors Etf Tr.

Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on March, 5. They expect $1.85 earnings per share, up 50.41% or $0.62 from last year’s $1.23 per share. THO’s profit will be $97.49M for 17.11 P/E if the $1.85 EPS becomes a reality. After $2.43 actual earnings per share reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts -23.87% negative EPS growth.

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.11, from 1.17 in 2017Q2. It is negative, as 42 investors sold THO shares while 139 reduced holdings. 69 funds opened positions while 122 raised stakes. 45.03 million shares or 1.77% less from 45.84 million shares in 2017Q2 were reported. 728,321 were accumulated by Dimensional Fund Advsrs Limited Partnership. Benjamin F Edwards And Com holds 0.03% of its portfolio in Thor Industries, Inc. (NYSE:THO) for 2,172 shares. Nomura has 0% invested in Thor Industries, Inc. (NYSE:THO). Gendell Jeffrey L accumulated 7,006 shares. Chase Counsel reported 4,880 shares. Sterling Cap Mngmt Ltd Liability Com holds 274,010 shares or 0.32% of its portfolio. Federated Investors Pa stated it has 22,704 shares. Patten Group Incorporated reported 0.03% stake. Opus Grp Ltd Liability Co has 0.06% invested in Thor Industries, Inc. (NYSE:THO). 31,656 are held by Bowling Portfolio Mgmt Ltd Company. Moreover, Driehaus Cap Mngmt Ltd Limited Liability Company has 0.11% invested in Thor Industries, Inc. (NYSE:THO) for 22,671 shares. 1 are held by Maplelane Capital. Southernsun Asset Mngmt Limited Com invested in 1.41M shares or 4.37% of the stock. Lsv Asset Management invested 0.03% of its portfolio in Thor Industries, Inc. (NYSE:THO). Invesco has invested 0% in Thor Industries, Inc. (NYSE:THO).

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