Grandeur Peak Global Advisors Has Decreased Dril (DRQ) Holding; Veritas Investment Management Llp Lowered Thermo Fisher Scientific (TMO) Stake

April 18, 2018 - By Darrin Black

Thermo Fisher Scientific Inc. (NYSE:TMO) Logo

Veritas Investment Management Llp decreased Thermo Fisher Scientific Inc (TMO) stake by 6.34% reported in 2017Q4 SEC filing. Veritas Investment Management Llp sold 26,641 shares as Thermo Fisher Scientific Inc (TMO)’s stock rose 8.51%. The Veritas Investment Management Llp holds 393,362 shares with $74.74M value, down from 420,003 last quarter. Thermo Fisher Scientific Inc now has $88.68B valuation. The stock increased 1.00% or $2.18 during the last trading session, reaching $220.41. About 903,004 shares traded. Thermo Fisher Scientific Inc. (NYSE:TMO) has risen 33.66% since April 18, 2017 and is uptrending. It has outperformed by 22.11% the S&P500.

Grandeur Peak Global Advisors Llc decreased Dril (DRQ) stake by 13.11% reported in 2017Q4 SEC filing. Grandeur Peak Global Advisors Llc sold 6,850 shares as Dril (DRQ)’s stock declined 5.81%. The Grandeur Peak Global Advisors Llc holds 45,400 shares with $2.17 million value, down from 52,250 last quarter. Dril now has $1.76B valuation. The stock increased 3.08% or $1.375 during the last trading session, reaching $46.075. About 867,567 shares traded or 86.70% up from the average. Dril-Quip, Inc. (NYSE:DRQ) has declined 13.66% since April 18, 2017 and is downtrending. It has underperformed by 25.21% the S&P500.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.05, from 0.96 in 2017Q3. It is negative, as 43 investors sold TMO shares while 410 reduced holdings. 93 funds opened positions while 319 raised stakes. 335.65 million shares or 0.74% more from 333.20 million shares in 2017Q3 were reported. Thomas White Intll Ltd accumulated 4,887 shares. Natixis Asset Mngmt holds 160,648 shares or 3.4% of its portfolio. Pictet Cie (Europe) holds 1.68% or 62,519 shares in its portfolio. Quantitative Systematic Strategies Ltd Company holds 10,182 shares or 0.49% of its portfolio. Optimum Advisors accumulated 0.14% or 2,335 shares. Maine-based Schroder Inv Management Gp has invested 0.34% in Thermo Fisher Scientific Inc. (NYSE:TMO). First Allied Advisory Services Incorporated invested in 4,426 shares or 0.03% of the stock. 8,204 are owned by Natixis. Country Club Tru Na stated it has 0.81% in Thermo Fisher Scientific Inc. (NYSE:TMO). Eubel Brady And Suttman Asset Mngmt invested in 44,823 shares or 2.53% of the stock. Wafra Investment Advisory Grp Inc New York has 80,808 shares for 0.7% of their portfolio. Jones Lllp holds 0.02% or 50,536 shares. Neville Rodie And Shaw holds 2.27% or 113,255 shares in its portfolio. Groesbeck Invest Mgmt Corp Nj has 3,675 shares for 0.49% of their portfolio. Comerica Financial Bank holds 0.22% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO) for 153,173 shares.

Analysts await Thermo Fisher Scientific Inc. (NYSE:TMO) to report earnings on April, 25 before the open. They expect $2.42 earnings per share, up 16.35% or $0.34 from last year’s $2.08 per share. TMO’s profit will be $973.62 million for 22.77 P/E if the $2.42 EPS becomes a reality. After $2.79 actual earnings per share reported by Thermo Fisher Scientific Inc. for the previous quarter, Wall Street now forecasts -13.26% negative EPS growth.

Among 19 analysts covering Thermo Fisher Scientific (NYSE:TMO), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. Thermo Fisher Scientific had 62 analyst reports since July 24, 2015 according to SRatingsIntel. As per Wednesday, September 27, the company rating was maintained by Jefferies. The firm has “Overweight” rating given on Thursday, February 1 by Morgan Stanley. The company was initiated on Wednesday, January 3 by Evercore. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) earned “Neutral” rating by Cleveland on Friday, September 9. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) has “Hold” rating given on Friday, April 29 by Jefferies. The rating was maintained by Robert W. Baird with “Buy” on Monday, October 23. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) earned “Buy” rating by Robert W. Baird on Monday, October 2. The firm earned “Buy” rating on Wednesday, January 31 by Cowen & Co. On Monday, January 11 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating given on Wednesday, January 31 by Robert W. Baird.

Since December 15, 2017, it had 0 insider purchases, and 8 selling transactions for $37.14 million activity. 50,000 shares were sold by CASPER MARC N, worth $9.59 million on Friday, December 15. 2,500 Thermo Fisher Scientific Inc. (NYSE:TMO) shares with value of $511,511 were sold by Williamson Stephen. Parrett William G also sold $211,430 worth of Thermo Fisher Scientific Inc. (NYSE:TMO) shares. 33,327 shares were sold by Herrema Gregory J., worth $7.32M. Durbin Patrick M also sold $1.31M worth of Thermo Fisher Scientific Inc. (NYSE:TMO) shares.

Since October 28, 2017, it had 0 buys, and 9 insider sales for $1.79 million activity. $614,840 worth of stock was sold by DeBerry Blake T. on Saturday, October 28. Another trade for 13,409 shares valued at $556,339 was made by Gariepy James A. on Saturday, October 28. 613 shares valued at $26,236 were sold by SHUKIS A P on Saturday, October 28. Another trade for 1,000 shares valued at $43,989 was sold by Bird Jeffrey J.. 4,890 Dril-Quip, Inc. (NYSE:DRQ) shares with value of $202,886 were sold by Webster James C..

Grandeur Peak Global Advisors Llc increased Knight Transportation Inc stake by 321,850 shares to 591,570 valued at $25.86 million in 2017Q4. It also upped Resources Connection Inc (NASDAQ:RECN) stake by 29,700 shares and now owns 208,700 shares. Cobiz Financial Inc (NASDAQ:COBZ) was raised too.

Among 14 analysts covering Dril Quip (NYSE:DRQ), 2 have Buy rating, 0 Sell and 12 Hold. Therefore 14% are positive. Dril Quip had 43 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, March 8, the company rating was maintained by Piper Jaffray. Barclays Capital downgraded the shares of DRQ in report on Monday, May 1 to “Equal Weight” rating. The company was maintained on Wednesday, April 27 by Cowen & Co. Guggenheim downgraded Dril-Quip, Inc. (NYSE:DRQ) on Wednesday, March 1 to “Neutral” rating. The rating was upgraded by Barclays Capital on Wednesday, April 20 to “Equal-Weight”. The firm earned “Overweight” rating on Monday, January 9 by Barclays Capital. Morgan Stanley maintained the shares of DRQ in report on Tuesday, April 19 with “Equal-Weight” rating. Howard Weil maintained the stock with “Sector Perform” rating in Thursday, October 27 report. Howard Weil downgraded Dril-Quip, Inc. (NYSE:DRQ) on Monday, December 14 to “Sector Perform” rating. Cowen & Co maintained Dril-Quip, Inc. (NYSE:DRQ) on Friday, July 31 with “Market Perform” rating.

Dril-Quip, Inc. (NYSE:DRQ) Institutional Positions Chart

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