Confluence Investment Management Stake in Graco (GGG) Boosted as Valuation Declined; United Parcel Service (UPS) Holder Edgemoor Investment Advisors Has Trimmed Its Holding

April 24, 2018 - By Winifred Garcia

Graco Inc. (NYSE:GGG) Logo

Confluence Investment Management Llc increased its stake in Graco Inc. (GGG) by 195.2% based on its latest 2017Q4 regulatory filing with the SEC. Confluence Investment Management Llc bought 1.55M shares as the company’s stock declined 0.59% with the market. The institutional investor held 2.35 million shares of the fluid controls company at the end of 2017Q4, valued at $106.15M, up from 795,176 at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Graco Inc. for a number of months, seems to be bullish on the $7.75 billion market cap company. The stock decreased 1.48% or $0.69 during the last trading session, reaching $45.86. About 147,960 shares traded. Graco Inc. (NYSE:GGG) has risen 44.03% since April 24, 2017 and is uptrending. It has outperformed by 32.48% the S&P500.

Edgemoor Investment Advisors Inc decreased its stake in United Parcel Service Inc (UPS) by 3.01% based on its latest 2017Q4 regulatory filing with the SEC. Edgemoor Investment Advisors Inc sold 2,580 shares as the company’s stock declined 13.88% with the market. The institutional investor held 83,080 shares of the transportation company at the end of 2017Q4, valued at $11.04 million, down from 85,660 at the end of the previous reported quarter. Edgemoor Investment Advisors Inc who had been investing in United Parcel Service Inc for a number of months, seems to be less bullish one the $93.77 billion market cap company. The stock decreased 0.23% or $0.25 during the last trading session, reaching $108.86. About 826,588 shares traded. United Parcel Service, Inc. (NYSE:UPS) has declined 2.49% since April 24, 2017 and is downtrending. It has underperformed by 14.04% the S&P500.

Edgemoor Investment Advisors Inc, which manages about $707.10 million and $792.29M US Long portfolio, upped its stake in Lamar Advertising Co New (NASDAQ:LAMR) by 14,545 shares to 97,213 shares, valued at $6.97M in 2017Q4, according to the filing. It also increased its holding in Amerigas Partners LP (NYSE:APU) by 6,750 shares in the quarter, for a total of 168,205 shares, and has risen its stake in Enbridge Inc (NYSE:ENB).

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.09, from 1.14 in 2017Q3. It increased, as 59 investors sold UPS shares while 372 reduced holdings. 107 funds opened positions while 422 raised stakes. 448.80 million shares or 0.57% less from 451.38 million shares in 2017Q3 were reported. Acadian Asset Lc invested in 1.30 million shares or 0.67% of the stock. Tru Department Mb Bank & Trust N A stated it has 4,772 shares. Sg Americas Secs Lc invested in 116,421 shares. Columbia Partners L L C Invest invested 0.25% in United Parcel Service, Inc. (NYSE:UPS). Shelton Cap, California-based fund reported 20,010 shares. Corbyn Mgmt Md, Maryland-based fund reported 69,483 shares. Tocqueville Asset Limited Partnership has invested 0.15% in United Parcel Service, Inc. (NYSE:UPS). Pinnacle Fincl Ptnrs invested in 0.12% or 9,453 shares. Connor Clark And Lunn Investment Mgmt Limited has 116,600 shares. State Teachers Retirement holds 0.31% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 1.11 million shares. Hennessy Advisors Inc stated it has 0.25% in United Parcel Service, Inc. (NYSE:UPS). Wms Limited Com holds 184,379 shares or 2.47% of its portfolio. Toronto Dominion Financial Bank has 0.11% invested in United Parcel Service, Inc. (NYSE:UPS). Flippin Bruce And Porter Incorporated holds 1.12% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 44,050 shares. Tower Bridge Advisors invested 0.04% of its portfolio in United Parcel Service, Inc. (NYSE:UPS).

Among 24 analysts covering United Parcel Service (NYSE:UPS), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. United Parcel Service had 74 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Oppenheimer given on Wednesday, September 20. The rating was maintained by JP Morgan with “Neutral” on Thursday, October 12. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Robert W. Baird on Thursday, October 5. The firm has “Buy” rating by S&P Research given on Wednesday, July 29. Robert W. Baird maintained the shares of UPS in report on Friday, September 29 with “Hold” rating. The stock has “Hold” rating by Deutsche Bank on Friday, February 23. The firm has “Outperform” rating given on Wednesday, February 3 by Oppenheimer. The firm has “Buy” rating given on Monday, December 4 by Deutsche Bank. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Hold”. The firm has “Hold” rating given on Monday, July 17 by Cowen & Co.

Since February 26, 2018, it had 0 insider purchases, and 1 insider sale for $480,600 activity.

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on April, 26 before the open. They expect $1.54 earnings per share, up 16.67% or $0.22 from last year’s $1.32 per share. UPS’s profit will be $1.33 billion for 17.67 P/E if the $1.54 EPS becomes a reality. After $1.67 actual earnings per share reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts -7.78% negative EPS growth.

Confluence Investment Management Llc, which manages about $2.30 billion and $5.48B US Long portfolio, decreased its stake in Fs Investment Corp. (NYSE:FSIC) by 150,660 shares to 512,875 shares, valued at $3.77 million in 2017Q4, according to the filing. It also reduced its holding in Barclays Capital High Yield Bo (JNK) by 8,839 shares in the quarter, leaving it with 66,866 shares, and cut its stake in Russell 2000 Growth Index (IWO).

Investors sentiment increased to 9.88 in 2017 Q4. Its up 8.92, from 0.96 in 2017Q3. It improved, as 25 investors sold GGG shares while 7 reduced holdings. 59 funds opened positions while 257 raised stakes. 278.85 million shares or 493.55% more from 46.98 million shares in 2017Q3 were reported. Bank Of Montreal Can invested 0.01% of its portfolio in Graco Inc. (NYSE:GGG). Grp Inc One Trading LP holds 7,650 shares or 0% of its portfolio. Burgundy Asset Mgmt reported 754,366 shares stake. First Quadrant Lp Ca stated it has 0.48% of its portfolio in Graco Inc. (NYSE:GGG). Point72 Asset Management Ltd Partnership has 0% invested in Graco Inc. (NYSE:GGG) for 13,900 shares. New York-based Neuberger Berman Grp Inc Llc has invested 0.13% in Graco Inc. (NYSE:GGG). State Of Wisconsin Invest Board holds 0.01% of its portfolio in Graco Inc. (NYSE:GGG) for 95,421 shares. Tiaa Cref Inv Management Limited Liability reported 596,889 shares. Pnc Grp Inc, Pennsylvania-based fund reported 272,506 shares. Northwestern Mutual Wealth, Wisconsin-based fund reported 900 shares. Cibc Asset Management Incorporated reported 0% stake. Rockland Tru Com holds 12,000 shares or 0.07% of its portfolio. Suntrust Banks holds 0.01% or 52,332 shares. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.15% in Graco Inc. (NYSE:GGG). Plante Moran Advsrs Limited Liability Corp owns 0.06% invested in Graco Inc. (NYSE:GGG) for 2,529 shares.

United Parcel Service, Inc. (NYSE:UPS) Institutional Positions Chart

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