Becton Dickinson & Co (BDX) Position Has Increased by Scotia Capital Inc; Crystal Rock Capital Management Holding in Xpo Logistics (XPO) Cut as Stock Value Rose

June 23, 2018 - By Pete Kolinski

Becton, Dickinson and Company (NYSE:BDX) Logo

Scotia Capital Inc increased its stake in Becton Dickinson & Co (BDX) by 37.07% based on its latest 2018Q1 regulatory filing with the SEC. Scotia Capital Inc bought 14,097 shares as the company’s stock declined 0.58% with the market. The institutional investor held 52,124 shares of the health care company at the end of 2018Q1, valued at $11.29M, up from 38,027 at the end of the previous reported quarter. Scotia Capital Inc who had been investing in Becton Dickinson & Co for a number of months, seems to be bullish on the $63.49B market cap company. The stock increased 1.87% or $4.36 during the last trading session, reaching $237.6. About 3.61 million shares traded or 202.48% up from the average. Becton, Dickinson and Company (NYSE:BDX) has risen 19.79% since June 23, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Crystal Rock Capital Management decreased its stake in Xpo Logistics Inc (XPO) by 11.71% based on its latest 2018Q1 regulatory filing with the SEC. Crystal Rock Capital Management sold 9,650 shares as the company’s stock rose 9.70% while stock markets declined. The institutional investor held 72,790 shares of the consumer services company at the end of 2018Q1, valued at $7.41 million, down from 82,440 at the end of the previous reported quarter. Crystal Rock Capital Management who had been investing in Xpo Logistics Inc for a number of months, seems to be less bullish one the $13.12 billion market cap company. The stock decreased 3.01% or $3.38 during the last trading session, reaching $108.76. About 2.12 million shares traded or 33.40% up from the average. XPO Logistics, Inc. (NYSE:XPO) has risen 102.78% since June 23, 2017 and is uptrending. It has outperformed by 90.21% the S&P500. Some Historical XPO News: 02/04/2018 – XPO Logistics Closes Below 50-Day Moving Average: Technicals; 24/04/2018 – REG-XPO Logistics Launches New Flexible Distribution Model for Omnichannel Retail and E-Commerce Customers; 10/05/2018 – Leading Investor Advisory Firms Back Teamster Demand For Better Disclosure Of Working Conditions At XPO Logistics, Inc; 03/04/2018 – REG-XPO Logistics Uses Emerging Technology in Robot Security Program; 31/05/2018 – XPO LOGISTICS TO INVEST UP TO $90M IN ROAD FLEET IN N. AMERICA; 08/03/2018 – REG-XPO Logistics Contract Logistics Site Reaches Safety Milestone; 23/05/2018 – REG-XPO Logistics Advances to Number 67 on Ranking of Largest U.S. Employers; 11/05/2018 – Ontario Teachers Adds Heico, Exits ADP, Cuts XPO Logistics: 13F; 06/03/2018 XPO LOGISTICS EUROPE SA XPO.PA – SIGNED NEW CONTRACT WITH SOPREMA; 17/05/2018 – XPO Logistics Favored by 10 Hedge Funds, 13Fs Show

More notable recent Becton, Dickinson and Company (NYSE:BDX) news were published by: Livetradingnews.com which released: “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations” on June 22, 2018, also Schaeffersresearch.com with their article: “2 Medical Technology Stocks Named Top Picks by JP Morgan Analyst” published on June 21, 2018, Streetinsider.com published: “Becton Dickinson (BDX) Names John DeFord as CTO” on June 01, 2018. More interesting news about Becton, Dickinson and Company (NYSE:BDX) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Charter Communications, Corning, Kohl’s, Lululemon, Nike, Verizon and More” published on June 21, 2018 as well as Benzinga.com‘s news article titled: “Becton Dickinson Positioned For Top-, Bottom-Line Outperformance, JPMorgan Says In Upgrade” with publication date: June 21, 2018.

Since February 23, 2018, it had 1 insider purchase, and 6 selling transactions for $9.39 million activity. 5,355 shares valued at $1.21M were sold by Gallagher John E on Tuesday, February 27. Shabshab Nabil sold $2.31M worth of stock or 10,209 shares. 4,048 shares were sold by Borzi James W, worth $910,726. The insider Polen Thomas E Jr sold $426,079. Melcher David F had bought 500 shares worth $112,535. $4.60M worth of Becton, Dickinson and Company (NYSE:BDX) shares were sold by Conroy Alexandre.

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.50, from 1.55 in 2017Q4. It turned negative, as 69 investors sold BDX shares while 375 reduced holdings. 114 funds opened positions while 350 raised stakes. 219.77 million shares or 1.86% more from 215.77 million shares in 2017Q4 were reported. Janney Montgomery Scott Ltd Llc holds 0.19% or 86,733 shares. Congress Asset Ma holds 0.08% of its portfolio in Becton, Dickinson and Company (NYSE:BDX) for 26,252 shares. Ghp Advsr Inc stated it has 0.12% in Becton, Dickinson and Company (NYSE:BDX). Los Angeles Equity accumulated 364,101 shares or 0.45% of the stock. Retirement Systems Of Alabama invested in 0.14% or 127,188 shares. Hugh Johnson Advisors Limited Liability has invested 0.18% in Becton, Dickinson and Company (NYSE:BDX). Stephens Inc Ar has 10,195 shares for 0.08% of their portfolio. Welch & Forbes Limited Liability Company stated it has 79,021 shares. Quadrant Mngmt Limited Co reported 17,665 shares. Regentatlantic Cap Lc owns 4,728 shares or 0.09% of their US portfolio. Tru Department Mb Bancshares N A holds 33 shares or 0% of its portfolio. California State Teachers Retirement System reported 0.2% stake. Susquehanna Intl Group Incorporated Limited Liability Partnership holds 0% or 3,345 shares. Caledonia Invests Pcl reported 157,800 shares or 9.57% of all its holdings. Lpl Limited Company stated it has 38,315 shares.

Among 21 analysts covering Becton Dickinson (NYSE:BDX), 15 have Buy rating, 0 Sell and 6 Hold. Therefore 71% are positive. Becton Dickinson had 55 analyst reports since August 7, 2015 according to SRatingsIntel. The company was upgraded on Friday, June 30 by Raymond James. The company was initiated on Friday, September 22 by Wells Fargo. RBC Capital Markets maintained it with “Hold” rating and $230.0 target in Friday, November 3 report. Stifel Nicolaus maintained Becton, Dickinson and Company (NYSE:BDX) on Thursday, August 3 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, January 3 by JP Morgan. Piper Jaffray maintained it with “Buy” rating and $21300 target in Tuesday, July 18 report. RBC Capital Markets maintained the stock with “Hold” rating in Friday, September 22 report. J.P. Morgan upgraded Becton, Dickinson and Company (NYSE:BDX) rating on Thursday, June 21. J.P. Morgan has “Buy” rating and $27500 target. The stock has “Buy” rating by Argus Research on Wednesday, August 19. The stock has “Buy” rating by Citigroup on Tuesday, April 10.

Scotia Capital Inc, which manages about $7.25B US Long portfolio, decreased its stake in Mastercard Incorporated (NYSE:MA) by 3,013 shares to 64,262 shares, valued at $11.25M in 2018Q1, according to the filing. It also reduced its holding in Quanta Svcs Inc (NYSE:PWR) by 11,054 shares in the quarter, leaving it with 78,350 shares, and cut its stake in Qualcomm Inc (NASDAQ:QCOM).

Analysts await XPO Logistics, Inc. (NYSE:XPO) to report earnings on August, 1. They expect $1.00 earnings per share, up 66.67% or $0.40 from last year’s $0.6 per share. XPO’s profit will be $120.64M for 27.19 P/E if the $1.00 EPS becomes a reality. After $0.61 actual earnings per share reported by XPO Logistics, Inc. for the previous quarter, Wall Street now forecasts 63.93% EPS growth.

Investors sentiment decreased to 1.04 in Q1 2018. Its down 0.38, from 1.42 in 2017Q4. It dived, as 35 investors sold XPO shares while 136 reduced holdings. 75 funds opened positions while 102 raised stakes. 94.39 million shares or 4.39% less from 98.73 million shares in 2017Q4 were reported. Bnp Paribas Asset Mngmt Holdg Sa owns 11,457 shares for 0.01% of their portfolio. Century Cos owns 2.04 million shares for 0.21% of their portfolio. Aperio Grp Ltd stated it has 17,100 shares or 0.01% of all its holdings. Manufacturers Life Com The reported 3,431 shares. Spruce House Lc holds 7.75M shares or 34.62% of its portfolio. Gam Hldgs Ag owns 4,890 shares. Df Dent & invested 0.05% of its portfolio in XPO Logistics, Inc. (NYSE:XPO). Capital One National Association has invested 0.09% of its portfolio in XPO Logistics, Inc. (NYSE:XPO). Beach Point Capital Management Lp reported 1.29% stake. Picton Mahoney Asset owns 174,900 shares. Barrett Asset Management Ltd Liability Company has 100 shares for 0% of their portfolio. State Of Wisconsin Investment Board holds 23,779 shares or 0.01% of its portfolio. Moreover, Advisory Svcs Network Ltd Co has 0% invested in XPO Logistics, Inc. (NYSE:XPO) for 475 shares. Pictet Asset Mngmt reported 129,366 shares or 0.03% of all its holdings. Bluecrest Capital Management Ltd holds 102,111 shares.

Becton, Dickinson and Company (NYSE:BDX) Institutional Positions Chart

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