International Paper (IP) Holder Murphy Capital Management Lowered Holding by $342,440; Nicholas Investment Partners LP Has Lifted Quanta Svcs (PWR) Holding by $685,536; Shares Declined

February 21, 2018 - By Peter Erickson

Nicholas Investment Partners Lp increased its stake in Quanta Svcs Inc (PWR) by 5.79% based on its latest 2017Q3 regulatory filing with the SEC. Nicholas Investment Partners Lp bought 18,528 shares as the company’s stock declined 15.57% while stock markets rallied. The institutional investor held 338,580 shares of the capital goods company at the end of 2017Q3, valued at $12.65 million, up from 320,052 at the end of the previous reported quarter. Nicholas Investment Partners Lp who had been investing in Quanta Svcs Inc for a number of months, seems to be bullish on the $5.49 billion market cap company. The stock increased 1.14% or $0.4 during the last trading session, reaching $35.35. About 737,370 shares traded. Quanta Services, Inc. (NYSE:PWR) has risen 39.30% since February 21, 2017 and is uptrending. It has outperformed by 22.60% the S&P500.

Murphy Capital Management Inc decreased its stake in International Paper (IP) by 8.74% based on its latest 2017Q3 regulatory filing with the SEC. Murphy Capital Management Inc sold 6,115 shares as the company’s stock declined 1.99% while stock markets rallied. The institutional investor held 63,879 shares of the paper company at the end of 2017Q3, valued at $3.63 million, down from 69,994 at the end of the previous reported quarter. Murphy Capital Management Inc who had been investing in International Paper for a number of months, seems to be less bullish one the $24.31 billion market cap company. The stock increased 1.52% or $0.88 during the last trading session, reaching $58.88. About 654,649 shares traded. International Paper Company (NYSE:IP) has risen 26.95% since February 21, 2017 and is uptrending. It has outperformed by 10.25% the S&P500.

Nicholas Investment Partners Lp, which manages about $1.37 billion and $1.45B US Long portfolio, decreased its stake in Biomarin Pharmaceutical Inc (Prn) by 1.90 million shares to 7.01 million shares, valued at $8.39M in 2017Q3, according to the filing. It also reduced its holding in Salesforce Com Inc (Prn) by 5.06M shares in the quarter, leaving it with 5.77M shares, and cut its stake in Advanced Micro Devices Inc (Prn).

Among 14 analysts covering Quanta Services Inc. (NYSE:PWR), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Quanta Services Inc. had 46 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 6 by Maxim Group. Avondale downgraded the stock to “Market Perform” rating in Friday, November 18 report. The firm earned “Accumulate” rating on Monday, October 19 by Johnson Rice. The firm has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. The firm has “Outperform” rating given on Monday, August 10 by FBR Capital. Stifel Nicolaus maintained it with “Buy” rating and $32.50 target in Friday, September 23 report. As per Friday, November 13, the company rating was initiated by Citigroup. Robert W. Baird upgraded Quanta Services, Inc. (NYSE:PWR) rating on Tuesday, November 15. Robert W. Baird has “Outperform” rating and $40 target. Citigroup maintained Quanta Services, Inc. (NYSE:PWR) on Friday, October 27 with “Buy” rating. UBS downgraded it to “Neutral” rating and $20 target in Monday, February 8 report.

Among 16 analysts covering International Paper Company (NYSE:IP), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. International Paper Company had 67 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of International Paper Company (NYSE:IP) has “Hold” rating given on Tuesday, September 15 by Bank of America. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, July 13 report. The stock of International Paper Company (NYSE:IP) earned “Neutral” rating by Citigroup on Tuesday, August 2. Barclays Capital maintained International Paper Company (NYSE:IP) rating on Monday, October 30. Barclays Capital has “Underweight” rating and $52 target. KeyBanc Capital Markets maintained the shares of IP in report on Tuesday, July 11 with “Hold” rating. BMO Capital Markets maintained it with “Buy” rating and $6200 target in Friday, July 14 report. The company was initiated on Thursday, September 22 by Goldman Sachs. The firm earned “Buy” rating on Tuesday, January 2 by Bank of America. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, August 15 report. On Friday, February 3 the stock rating was downgraded by DA Davidson to “Neutral”.

Analysts await International Paper Company (NYSE:IP) to report earnings on April, 26. They expect $0.91 earnings per share, up 51.67% or $0.31 from last year’s $0.6 per share. IP’s profit will be $375.76 million for 16.18 P/E if the $0.91 EPS becomes a reality. After $1.27 actual earnings per share reported by International Paper Company for the previous quarter, Wall Street now forecasts -28.35% negative EPS growth.

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