Credit Suisse Group Ag (CS) Valuation Declined While Hansberger Growth Investors LP Raised Holding by $831,691; Graco (GGG) Stake Maintained by Cambridge Investment Research Advisors Inc

April 17, 2018 - By Nellie Frank

Graco Inc. (NYSE:GGG) Logo

Hansberger Growth Investors Lp increased its stake in Credit Suisse Group Ag (CS) by 33.13% based on its latest 2017Q4 regulatory filing with the SEC. Hansberger Growth Investors Lp bought 48,923 shares as the company’s stock declined 7.85% with the market. The institutional investor held 196,611 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $3.51M, up from 147,688 at the end of the previous reported quarter. Hansberger Growth Investors Lp who had been investing in Credit Suisse Group Ag for a number of months, seems to be bullish on the $42.35B market cap company. It closed at $16.37 lastly. It is down 14.88% since April 17, 2017 and is uptrending. It has outperformed by 3.33% the S&P500.

Cambridge Investment Research Advisors Inc increased its stake in Graco (GGG) by 203.45% based on its latest 2017Q4 regulatory filing with the SEC. Cambridge Investment Research Advisors Inc bought 9,546 shares as the company’s stock declined 0.59% with the market. The institutional investor held 14,238 shares of the fluid controls company at the end of 2017Q4, valued at $644,000, up from 4,692 at the end of the previous reported quarter. Cambridge Investment Research Advisors Inc who had been investing in Graco for a number of months, seems to be bullish on the $7.82 billion market cap company. The stock increased 1.00% or $0.46 during the last trading session, reaching $46.24. About 425,717 shares traded. Graco Inc. (NYSE:GGG) has risen 44.03% since April 17, 2017 and is uptrending. It has outperformed by 32.48% the S&P500.

Among 12 analysts covering Credit Suisse Group Ag (NYSE:CS), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. Credit Suisse Group Ag had 24 analyst reports since July 28, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of CS in report on Tuesday, June 20 with “Buy” rating. The firm has “Neutral” rating given on Wednesday, November 15 by Macquarie Research. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, February 5. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, June 9. The stock of Credit Suisse Group AG (NYSE:CS) has “Sector Perform” rating given on Tuesday, June 28 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, May 20 by Bank of America. The stock has “Overweight” rating by JP Morgan on Thursday, December 8. JP Morgan downgraded the stock to “Underweight” rating in Monday, June 27 report. As per Thursday, February 15, the company rating was upgraded by Societe Generale. The stock has “Hold” rating by Societe Generale on Tuesday, January 9.

Hansberger Growth Investors Lp, which manages about $2.32B and $75.44M US Long portfolio, decreased its stake in Manulife Financial Corporation (NYSE:MFC) by 21,936 shares to 429,871 shares, valued at $8.97 million in 2017Q4, according to the filing.

Among 15 analysts covering Graco Inc (NYSE:GGG), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. Graco Inc had 36 analyst reports since September 15, 2015 according to SRatingsIntel. The stock of Graco Inc. (NYSE:GGG) earned “Hold” rating by Robert W. Baird on Wednesday, October 4. The firm has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. The stock of Graco Inc. (NYSE:GGG) earned “Hold” rating by Robert W. Baird on Wednesday, December 13. SunTrust initiated the shares of GGG in report on Tuesday, November 3 with “Buy” rating. As per Monday, July 31, the company rating was upgraded by Wolfe Research. The company was initiated on Tuesday, November 3 by Suntrust Robinson. The rating was maintained by RBC Capital Markets on Wednesday, February 1 with “Sector Perform”. RBC Capital Markets maintained Graco Inc. (NYSE:GGG) rating on Monday, June 5. RBC Capital Markets has “Hold” rating and $10400 target. The stock has “Neutral” rating by Alembic on Tuesday, September 15. The firm has “Neutral” rating given on Monday, April 4 by Sidoti.

Since October 30, 2017, it had 0 insider buys, and 6 selling transactions for $11.41 million activity. The insider SHEAHAN MARK W sold $3.94M. Shares for $1.68M were sold by Rothe Christian E on Wednesday, December 13. On Monday, March 12 CARROLL WILLIAM J sold $1.24 million worth of Graco Inc. (NYSE:GGG) or 26,625 shares.

Investors sentiment increased to 9.88 in Q4 2017. Its up 8.92, from 0.96 in 2017Q3. It is positive, 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. Pacific Global Invest Mgmt reported 16,920 shares. Liberty Mutual Group Asset invested in 42,645 shares. First Merchants invested 0.32% of its portfolio in Graco Inc. (NYSE:GGG). Bb&T Securities Ltd Liability holds 17,515 shares. Arizona State Retirement Sys stated it has 121,203 shares or 0.05% of all its holdings. Prudential Pcl accumulated 0.07% or 499,932 shares. Plante Moran Limited Co holds 2,529 shares or 0.06% of its portfolio. Northern Trust has invested 0.01% of its portfolio in Graco Inc. (NYSE:GGG). Delta Asset Mngmt Lc Tn reported 39 shares stake. Prelude Mgmt Llc reported 0.02% stake. Arrowstreet LP holds 550,800 shares. Shelton Capital Management invested in 0.04% or 12,504 shares. Gotham Asset Mgmt reported 58,744 shares or 0.04% of all its holdings. Cibc Asset has 5,685 shares. 17,943 are owned by Carlson Cap Management.

Cambridge Investment Research Advisors Inc, which manages about $19.96B and $8.50B US Long portfolio, decreased its stake in Logmein (NASDAQ:LOGM) by 10,637 shares to 3,870 shares, valued at $443,000 in 2017Q4, according to the filing. It also reduced its holding in Vanguard World Fds Consum (VDC) by 43,717 shares in the quarter, leaving it with 85,722 shares, and cut its stake in Public Svc Enterprise Group (NYSE:PEG).

Graco Inc. (NYSE:GGG) Institutional Positions Chart

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By1 Nellie Frank

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