Wells Fargo & Co (WFC) Shareholder Hodges Capital Management Cut Its Stake as Stock Declined; Rhumbline Advisers Stake In Thermo Fisher (TMO) Was Lifted

April 21, 2018 - By Marie Mckinney

Wells Fargo & Company (NYSE:WFC) Logo

Rhumbline Advisers increased its stake in Thermo Fisher Corp (TMO) by 3.48% based on its latest 2017Q4 regulatory filing with the SEC. Rhumbline Advisers bought 21,515 shares as the company’s stock rose 8.51% while stock markets declined. The institutional investor held 640,029 shares of the industrial machinery and components company at the end of 2017Q4, valued at $121.53M, up from 618,514 at the end of the previous reported quarter. Rhumbline Advisers who had been investing in Thermo Fisher Corp for a number of months, seems to be bullish on the $86.86B market cap company. The stock decreased 0.51% or $1.1 during the last trading session, reaching $215.89. About 1.38M shares traded. Thermo Fisher Scientific Inc. (NYSE:TMO) has risen 33.66% since April 21, 2017 and is uptrending. It has outperformed by 22.11% the S&P500.

Hodges Capital Management Inc decreased its stake in Wells Fargo & Co (WFC) by 22.61% based on its latest 2017Q4 regulatory filing with the SEC. Hodges Capital Management Inc sold 13,351 shares as the company’s stock declined 16.98% with the market. The institutional investor held 45,691 shares of the major banks company at the end of 2017Q4, valued at $2.77 million, down from 59,042 at the end of the previous reported quarter. Hodges Capital Management Inc who had been investing in Wells Fargo & Co for a number of months, seems to be less bullish one the $256.17B market cap company. The stock increased 1.98% or $1.02 during the last trading session, reaching $52.56. About 31.15 million shares traded or 28.97% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 21, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.05, from 0.96 in 2017Q3. It dived, 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. Denver Investment Advsrs Ltd Liability Corp owns 0.01% invested in Thermo Fisher Scientific Inc. (NYSE:TMO) for 1,416 shares. Stifel Fincl Corp owns 571,247 shares for 0.34% of their portfolio. The Ontario – Canada-based Sun Life Financial has invested 0.17% in Thermo Fisher Scientific Inc. (NYSE:TMO). S&Co Inc owns 1.16% invested in Thermo Fisher Scientific Inc. (NYSE:TMO) for 49,287 shares. New Mexico Educational Retirement Board stated it has 0.28% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO). North invested 0.17% in Thermo Fisher Scientific Inc. (NYSE:TMO). Haverford Tru has invested 0.03% in Thermo Fisher Scientific Inc. (NYSE:TMO). The New York-based Jpmorgan Chase has invested 0.13% in Thermo Fisher Scientific Inc. (NYSE:TMO). Reliant Inv Limited Liability stated it has 2.77% in Thermo Fisher Scientific Inc. (NYSE:TMO). Patten Grp Incorporated reported 0.01% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO). Martin Invest Ltd Liability Corporation has 70,855 shares for 3.74% of their portfolio. Fiduciary Ser Of The Southwest Inc Tx has 1.71% invested in Thermo Fisher Scientific Inc. (NYSE:TMO). Violich Mngmt owns 0.06% invested in Thermo Fisher Scientific Inc. (NYSE:TMO) for 1,285 shares. Clearbridge Ltd Liability holds 0.5% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO) for 2.86M shares. Advisors Asset reported 0.24% in Thermo Fisher Scientific Inc. (NYSE:TMO).

Rhumbline Advisers, which manages about $34.12 billion and $49.24B US Long portfolio, decreased its stake in Rollins Inc Com (NYSE:ROL) by 10,421 shares to 308,375 shares, valued at $14.35 million in 2017Q4, according to the filing. It also reduced its holding in Geo Group Inc(The) Com Usd0.01 (NYSE:GEO) by 35,869 shares in the quarter, leaving it with 259,253 shares, and cut its stake in Ross Stores Inc Com (NASDAQ:ROST).

Since December 15, 2017, it had 0 insider buys, and 8 selling transactions for $37.14 million activity. Shares for $7.32 million were sold by Herrema Gregory J. on Friday, February 2. Williamson Stephen sold $1.05M worth of Thermo Fisher Scientific Inc. (NYSE:TMO) on Wednesday, February 7. CASPER MARC N sold $9.59 million worth of Thermo Fisher Scientific Inc. (NYSE:TMO) on Friday, December 15. $1.31 million worth of stock was sold by Durbin Patrick M on Monday, February 5.

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. The rating was maintained by Leerink Swann with “Outperform” on Monday, October 9. The company was maintained on Wednesday, October 25 by Cowen & Co. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) has “Hold” rating given on Tuesday, June 6 by Jefferies. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) earned “Buy” rating by Barclays Capital on Monday, September 25. JP Morgan initiated the shares of TMO in report on Thursday, September 22 with “Overweight” rating. On Tuesday, December 8 the stock rating was upgraded by Goldman Sachs to “Americas Conviction Buy List”. On Monday, January 11 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Hold” rating on Tuesday, August 22 by Jefferies. The stock has “Buy” rating by Robert W. Baird on Wednesday, January 31. The rating was upgraded by Cleveland on Thursday, July 20 to “Buy”.

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It is positive, 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. 2,697 were reported by Banced. Ifc Holding Fl accumulated 20,808 shares. Seabridge Investment Ltd Llc has 0% invested in Wells Fargo & Company (NYSE:WFC). Eubel Brady And Suttman Asset Mngmt Inc reported 215,260 shares. Chesley Taft & Assocs Ltd owns 61,577 shares. Acadian Asset Management Limited has 74,967 shares for 0.02% of their portfolio. Citigroup Inc holds 3.75 million shares. Lipe Dalton reported 0.11% of its portfolio in Wells Fargo & Company (NYSE:WFC). Moreover, Archon Lc has 4.15% invested in Wells Fargo & Company (NYSE:WFC). Shoker Inv Counsel Inc stated it has 8,037 shares or 0.35% of all its holdings. North Star Asset stated it has 31,359 shares or 0.17% of all its holdings. Smith Moore & holds 0.15% or 9,269 shares in its portfolio. Cheviot Value Management Ltd Liability has 6,318 shares. Btr Cap Management invested in 0.3% or 24,894 shares. Clifford Swan Investment Counsel Lc reported 2.73% in Wells Fargo & Company (NYSE:WFC).

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity.

Hodges Capital Management Inc, which manages about $2.29B and $1.36B US Long portfolio, upped its stake in Solaris Oilfield Infrast Inc C by 458,630 shares to 1.04M shares, valued at $22.17M in 2017Q4, according to the filing. It also increased its holding in Micron Technology Inc (NASDAQ:MU) by 15,275 shares in the quarter, for a total of 307,486 shares, and has risen its stake in Werner Enterprises Inc (NASDAQ:WERN).

Thermo Fisher Scientific Inc. (NYSE:TMO) Institutional Positions Chart

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