Engineers Gate Manager LP Holding in State Str (STT) Has Boosted by $3.38 Million as Share Price Rose; Ascend Capital Boosted Air Prods & Chems (APD) Holding by $1.58 Million; Stock Price Declined

April 17, 2018 - By Richard Conner

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Malcolm Fairbairn increased its stake in Air Prods & Chems Inc (APD) by 10.11% based on its latest 2017Q4 regulatory filing with the SEC. Ascend Capital Llc bought 9,654 shares as the company’s stock declined 2.93% with the market. The hedge fund run by Malcolm Fairbairn held 105,181 shares of the basic industries company at the end of 2017Q4, valued at $17.26 million, up from 95,527 at the end of the previous reported quarter. Ascend Capital Llc who had been investing in Air Prods & Chems Inc for a number of months, seems to be bullish on the $36.22 billion market cap company. The stock increased 1.51% or $2.46 during the last trading session, reaching $165.43. About 707,427 shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 16.71% since April 17, 2017 and is uptrending. It has outperformed by 5.16% the S&P500.

Engineers Gate Manager Lp increased its stake in State Str Corp (STT) by 277.81% based on its latest 2017Q4 regulatory filing with the SEC. Engineers Gate Manager Lp bought 34,859 shares as the company’s stock rose 1.05% while stock markets declined. The institutional investor held 47,407 shares of the major banks company at the end of 2017Q4, valued at $4.63M, up from 12,548 at the end of the previous reported quarter. Engineers Gate Manager Lp who had been investing in State Str Corp for a number of months, seems to be bullish on the $37.01B market cap company. The stock increased 0.80% or $0.8 during the last trading session, reaching $100.6. About 1.26 million shares traded. State Street Corporation (NYSE:STT) has risen 26.69% since April 17, 2017 and is uptrending. It has outperformed by 15.14% the S&P500.

Among 21 analysts covering Air Products & Chemicals (NYSE:APD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Air Products & Chemicals had 60 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 6 with “Buy”. Credit Suisse maintained it with “Buy” rating and $181.0 target in Monday, January 29 report. The firm has “Overweight” rating by JP Morgan given on Friday, August 12. As per Friday, July 15, the company rating was maintained by Citigroup. The stock has “Buy” rating by Jefferies on Monday, January 29. The stock of Air Products and Chemicals, Inc. (NYSE:APD) earned “Buy” rating by Jefferies on Monday, December 11. Credit Suisse reinitiated the shares of APD in report on Thursday, March 24 with “Outperform” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, October 27. The firm has “Hold” rating by Zacks given on Monday, August 24. The firm has “Buy” rating given on Tuesday, March 27 by BMO Capital Markets.

Investors sentiment decreased to 1.23 in 2017 Q4. Its down 0.08, from 1.31 in 2017Q3. It dropped, as 35 investors sold APD shares while 258 reduced holdings. 95 funds opened positions while 266 raised stakes. 186.75 million shares or 0.02% less from 186.79 million shares in 2017Q3 were reported. Moreover, Louisiana State Employees Retirement Sys has 0.1% invested in Air Products and Chemicals, Inc. (NYSE:APD) for 13,200 shares. Credit Suisse Ag reported 728,332 shares stake. L And S Advsr reported 37,061 shares. Amundi Pioneer Asset reported 119,304 shares stake. Moreover, Guardian Capital Limited Partnership has 0.18% invested in Air Products and Chemicals, Inc. (NYSE:APD). Innovations Ltd Llc has 4,205 shares for 1.56% of their portfolio. Stevens Capital Management Lp invested in 0.4% or 63,165 shares. Washington Natl Bank has 0% invested in Air Products and Chemicals, Inc. (NYSE:APD). Macquarie Group Inc reported 0% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD). Stonebridge Capital Advsr Ltd Llc stated it has 0.08% in Air Products and Chemicals, Inc. (NYSE:APD). Indiana And Investment has 3,200 shares for 0.24% of their portfolio. 9,448 were accumulated by Hendley And. 1,856 were accumulated by Ingalls Snyder Limited Liability Company. Da Davidson & Company has invested 0.02% in Air Products and Chemicals, Inc. (NYSE:APD). Girard Prns holds 3,723 shares or 0.12% of its portfolio.

Ascend Capital Llc, which manages about $4.98 billion and $2.66B US Long portfolio, decreased its stake in Conagra Brands Inc (NYSE:CAG) by 788,021 shares to 75,000 shares, valued at $2.83 million in 2017Q4, according to the filing. It also reduced its holding in Monster Beverage Corp New by 74,508 shares in the quarter, leaving it with 39,522 shares, and cut its stake in Zogenix Inc.

Since February 15, 2018, it had 0 insider buys, and 8 insider sales for $7.03 million activity. The insider Schaefer Elizabeth sold 1,473 shares worth $154,665. HOOLEY JOSEPH L sold 33,568 shares worth $3.45M. $1.11M worth of State Street Corporation (NYSE:STT) was sold by Kuritzkes Andrew P on Wednesday, February 28. Shares for $114,614 were sold by Erickson Andrew. Sullivan George E also sold $360,230 worth of State Street Corporation (NYSE:STT) on Thursday, February 15. Another trade for 747 shares valued at $76,993 was made by Conway Jeff D on Thursday, February 15.

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.04, from 1 in 2017Q3. It dived, as 42 investors sold STT shares while 262 reduced holdings. 80 funds opened positions while 211 raised stakes. 312.70 million shares or 2.45% less from 320.54 million shares in 2017Q3 were reported. Reilly Advisors Ltd Limited Liability Company holds 0.01% or 438 shares in its portfolio. Chevy Chase Holdings holds 0.14% or 323,438 shares. New York-based Morgan Stanley has invested 0.02% in State Street Corporation (NYSE:STT). Polaris Greystone Finance Group Ltd Limited Liability Company has invested 0.04% in State Street Corporation (NYSE:STT). Meeder Asset Mngmt has 0.03% invested in State Street Corporation (NYSE:STT) for 3,576 shares. Cna Financial holds 0.45% or 19,128 shares. Rampart Inv Co Limited Liability holds 0.19% or 5,074 shares. Ls Invest Advsrs Ltd Liability Corporation invested 0.08% of its portfolio in State Street Corporation (NYSE:STT). Zeke Ltd Llc holds 0.06% or 6,323 shares in its portfolio. Newman Dignan & Sheerar holds 0.37% or 7,650 shares. Putnam Investments Limited Liability Com has invested 0.42% in State Street Corporation (NYSE:STT). First Western Cap Mgmt stated it has 46,563 shares or 2.58% of all its holdings. Peoples Fincl Svcs reported 1,818 shares or 0.1% of all its holdings. Caisse De Depot Et Placement Du Quebec has invested 0.42% in State Street Corporation (NYSE:STT). Cipher Limited Partnership holds 0.25% or 32,710 shares in its portfolio.

Engineers Gate Manager Lp, which manages about $645.79 million and $1.46 billion US Long portfolio, decreased its stake in Disney Walt Co (NYSE:DIS) by 5,643 shares to 9,448 shares, valued at $1.02 million in 2017Q4, according to the filing. It also reduced its holding in Brighthouse Finl Inc by 32,520 shares in the quarter, leaving it with 11,180 shares, and cut its stake in Newfield Expl Co (NYSE:NFX).

Among 19 analysts covering State Street Corporation (NYSE:STT), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. State Street Corporation had 81 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Monday, November 14 by Morgan Stanley. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 26 report. The firm earned “Sector Perform” rating on Thursday, January 28 by RBC Capital Markets. The stock has “In-Line” rating by Evercore on Thursday, July 27. On Friday, September 9 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Hold” rating on Thursday, June 22 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, February 25 by Deutsche Bank. The rating was maintained by Bank of America with “Neutral” on Wednesday, January 24. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The stock of State Street Corporation (NYSE:STT) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, January 23.

State Street Corporation (NYSE:STT) Institutional Positions Chart

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By1 Richard Conner

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