Vulcan Value Partners Cut Msc Indl Direct (MSM) Position By $13.27 Million; Palisade Capital Management Has Trimmed Its Wells Fargo Co New (WFC) Holding

April 17, 2018 - By mmahotstuff

MSC Industrial Direct Co., Inc. (NYSE:MSM) Logo

Palisade Capital Management Llc decreased Wells Fargo Co New (WFC) stake by 67.64% reported in 2017Q4 SEC filing. Palisade Capital Management Llc sold 12,750 shares as Wells Fargo Co New (WFC)’s stock declined 16.98%. The Palisade Capital Management Llc holds 6,100 shares with $370,000 value, down from 18,850 last quarter. Wells Fargo Co New now has $247.81 billion valuation. The stock increased 0.09% or $0.05 during the last trading session, reaching $50.85. About 14.97M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 17, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Vulcan Value Partners Llc decreased Msc Indl Direct Inc (MSM) stake by 17.51% reported in 2017Q4 SEC filing. Vulcan Value Partners Llc sold 138,208 shares as Msc Indl Direct Inc (MSM)’s stock declined 5.29%. The Vulcan Value Partners Llc holds 651,167 shares with $62.94M value, down from 789,375 last quarter. Msc Indl Direct Inc now has $5.05 billion valuation. The stock decreased 0.17% or $0.15 during the last trading session, reaching $89.36. About 250,085 shares traded. MSC Industrial Direct Co., Inc. (NYSE:MSM) has declined 9.82% since April 17, 2017 and is downtrending. It has underperformed by 21.37% the S&P500.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 145 analyst reports since July 29, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) on Thursday, December 21 with “Buy” rating. The firm earned “Buy” rating on Thursday, August 13 by S&P Research. The stock has “Hold” rating by Piper Jaffray on Friday, October 13. As per Tuesday, June 6, the company rating was maintained by Jefferies. Citigroup downgraded Wells Fargo & Company (NYSE:WFC) on Monday, February 5 to “Hold” rating. Robert W. Baird maintained it with “Buy” rating and $65.0 target in Tuesday, January 2 report. RBC Capital Markets maintained it with “Buy” rating and $60.0 target in Monday, November 13 report. The rating was maintained by Guggenheim on Thursday, October 15 with “Buy”. The firm earned “Neutral” rating on Thursday, February 16 by Credit Suisse. Jefferies maintained it with “Hold” rating and $5600 target in Sunday, April 15 report.

Palisade Capital Management Llc increased New Mtn Fin Corp (Prn) stake by 500,000 shares to 7.12M valued at $7.34M in 2017Q4. It also upped American Rlty Cap Pptys Inc (Prn) stake by 500,000 shares and now owns 3.86 million shares. Ametek Inc New (NYSE:AME) was raised too.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity. The insider Codel Franklin R sold $292,234.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Greatmark Inv Prtn accumulated 1.75% or 79,371 shares. Lafayette Investments holds 126,317 shares. South Dakota Council has 1.92% invested in Wells Fargo & Company (NYSE:WFC). Sky Inv Gp Ltd Liability holds 5,540 shares. Walter Keenan Fincl Consulting Mi Adv has 1.29% invested in Wells Fargo & Company (NYSE:WFC). Sumitomo Mitsui Asset Co Ltd invested in 590,753 shares or 0.54% of the stock. M&T Bancshares, a New York-based fund reported 1.60 million shares. Harris Associates Limited Partnership has 2.57% invested in Wells Fargo & Company (NYSE:WFC) for 25.86 million shares. Roundview Cap Ltd Company stated it has 60,499 shares. Moors And Cabot stated it has 47,432 shares or 0.38% of all its holdings. Ironwood Limited Liability Co holds 0.12% or 3,144 shares in its portfolio. Raymond James Financial Svcs Advsr invested 0.18% in Wells Fargo & Company (NYSE:WFC). Wellington Management Gru Ltd Liability Partnership invested in 48.72 million shares or 0.65% of the stock. 9,322 were reported by Vestor Capital Ltd Com. Aristotle Limited Liability Corp reported 8,100 shares stake.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 EPS, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70 billion for 10.87 P/E if the $1.17 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Among 19 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 6 have Buy rating, 1 Sell and 12 Hold. Therefore 32% are positive. MSC Industrial Direct Co. had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, June 12. BMO Capital Markets maintained the stock with “Market Perform” rating in Wednesday, November 1 report. The stock of MSC Industrial Direct Co., Inc. (NYSE:MSM) earned “Buy” rating by Credit Suisse on Monday, December 4. BMO Capital Markets maintained MSC Industrial Direct Co., Inc. (NYSE:MSM) on Monday, August 21 with “Hold” rating. Robert W. Baird maintained MSC Industrial Direct Co., Inc. (NYSE:MSM) rating on Tuesday, October 31. Robert W. Baird has “Hold” rating and $93.0 target. Sterne Agee CRT initiated the stock with “Neutral” rating in Tuesday, March 22 report. Credit Suisse downgraded the stock to “Underperform” rating in Friday, June 17 report. BMO Capital Markets maintained the stock with “Hold” rating in Monday, April 9 report. The stock of MSC Industrial Direct Co., Inc. (NYSE:MSM) earned “Neutral” rating by JP Morgan on Friday, August 4. The stock has “Hold” rating by BMO Capital Markets on Monday, January 8.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.43, from 1.31 in 2017Q3. It worsened, as 32 investors sold MSM shares while 103 reduced holdings. 53 funds opened positions while 66 raised stakes. 40.30 million shares or 2.45% less from 41.32 million shares in 2017Q3 were reported. Pennsylvania-based Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Vident Inv Advisory Llc reported 0.04% stake. Morgan Stanley stated it has 0% of its portfolio in MSC Industrial Direct Co., Inc. (NYSE:MSM). Evercore Wealth Management Ltd Liability Co reported 0% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Los Angeles Mngmt & Equity reported 101,199 shares. Retirement Of Alabama reported 57,594 shares. Vanguard Grp has 4.12 million shares. First Manhattan Company holds 0% in MSC Industrial Direct Co., Inc. (NYSE:MSM) or 1,400 shares. Employees Retirement Association Of Colorado invested in 0.01% or 9,234 shares. Verition Fund Mgmt Ltd Limited Liability Company holds 0.02% or 2,578 shares in its portfolio. Poplar Forest Capital Ltd Liability Co reported 602,316 shares or 4.64% of all its holdings. Ascend Capital Ltd Limited Liability Company invested in 67,201 shares. Advisory Services Net Limited Liability Co owns 7,183 shares. American Rech And, a Massachusetts-based fund reported 5,785 shares. Ing Groep Nv reported 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM).

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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