Howe & Rusling Has Boosted Its Stake in Constellation Brands (STZ) as Stock Price Declined; Riverpoint Capital Management Trimmed Its Holding in Flowserve (FLS) as Stock Rose

May 18, 2018 - By Moses P. Lee

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Riverpoint Capital Management Llc decreased its stake in Flowserve Corp (FLS) by 98.15% based on its latest 2017Q4 regulatory filing with the SEC. Riverpoint Capital Management Llc sold 289,166 shares as the company’s stock rose 1.86% while stock markets declined. The institutional investor held 5,440 shares of the fluid controls company at the end of 2017Q4, valued at $229,000, down from 294,606 at the end of the previous reported quarter. Riverpoint Capital Management Llc who had been investing in Flowserve Corp for a number of months, seems to be less bullish one the $5.77B market cap company. The stock increased 1.78% or $0.77 during the last trading session, reaching $44.1. About 1.63 million shares traded or 8.54% up from the average. Flowserve Corporation (NYSE:FLS) has declined 10.24% since May 18, 2017 and is downtrending. It has underperformed by 21.79% the S&P500.

Howe & Rusling Inc increased its stake in Constellation Brands Inc (STZ) by 6.79% based on its latest 2017Q4 regulatory filing with the SEC. Howe & Rusling Inc bought 1,654 shares as the company’s stock declined 2.39% with the market. The institutional investor held 25,998 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $5.94M, up from 24,344 at the end of the previous reported quarter. Howe & Rusling Inc who had been investing in Constellation Brands Inc for a number of months, seems to be bullish on the $42.81B market cap company. The stock increased 0.31% or $0.69 during the last trading session, reaching $222.15. About 820,918 shares traded. Constellation Brands, Inc. (NYSE:STZ) has risen 33.47% since May 18, 2017 and is uptrending. It has outperformed by 21.92% the S&P500.

Investors sentiment increased to 1.24 in Q4 2017. Its up 0.10, from 1.14 in 2017Q3. It increased, as 43 investors sold STZ shares while 243 reduced holdings. 97 funds opened positions while 257 raised stakes. 140.30 million shares or 2.61% less from 144.05 million shares in 2017Q3 were reported. Moreover, Bradley Foster And Sargent Ct has 0.08% invested in Constellation Brands, Inc. (NYSE:STZ) for 9,767 shares. Community Retail Bank Na has invested 0.04% in Constellation Brands, Inc. (NYSE:STZ). Chemical Commercial Bank, a Michigan-based fund reported 23,328 shares. Balyasny Asset Mngmt Llc stated it has 245,553 shares or 0.18% of all its holdings. The Florida-based Ifc Inc Fl has invested 0.07% in Constellation Brands, Inc. (NYSE:STZ). Amundi Pioneer Asset Mgmt holds 217,850 shares or 0.08% of its portfolio. Reliance Com Of Delaware invested 0.06% of its portfolio in Constellation Brands, Inc. (NYSE:STZ). Smith Graham Co Investment LP reported 19,128 shares or 0.41% of all its holdings. Moore Management Limited Partnership has 0.27% invested in Constellation Brands, Inc. (NYSE:STZ) for 65,000 shares. Archon Prns Limited Liability Company reported 0.44% stake. Hoplite Mngmt Limited Partnership owns 251,666 shares. Moreover, Concorde Asset Management Limited Liability Corp has 0.62% invested in Constellation Brands, Inc. (NYSE:STZ) for 2,126 shares. Nomura holds 0.01% or 12,983 shares in its portfolio. Pggm Invs has 0.09% invested in Constellation Brands, Inc. (NYSE:STZ). 1,778 were accumulated by Fiduciary Trust.

Howe & Rusling Inc, which manages about $798.49 million and $550.11 million US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 3,002 shares to 82,454 shares, valued at $11.52 million in 2017Q4, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (SPY) by 1,890 shares in the quarter, leaving it with 29,973 shares, and cut its stake in Altria Group Inc (NYSE:MO).

Among 23 analysts covering Constellation Brands (NYSE:STZ), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Constellation Brands had 83 analyst reports since August 27, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $226.0 target in Friday, November 10 report. The stock of Constellation Brands, Inc. (NYSE:STZ) has “Neutral” rating given on Thursday, October 6 by UBS. On Tuesday, April 11 the stock rating was maintained by Cowen & Co with “Outperform”. On Tuesday, April 5 the stock rating was initiated by Wells Fargo with “Outperform”. The rating was maintained by Pivotal Research on Thursday, June 29 with “Buy”. UBS initiated it with “Neutral” rating and $152 target in Tuesday, December 15 report. Argus Research maintained the stock with “Buy” rating in Thursday, October 8 report. UBS maintained the shares of STZ in report on Friday, April 7 with “Neutral” rating. RBC Capital Markets maintained Constellation Brands, Inc. (NYSE:STZ) on Monday, April 2 with “Buy” rating. Morgan Stanley maintained the shares of STZ in report on Thursday, October 6 with “Overweight” rating.

More recent Constellation Brands, Inc. (NYSE:STZ) news were published by: Profitconfidential.com which released: “CGC Stock: Canopy Growth to List on NYSE, Enter US Market Before June” on May 16, 2018. Also Streetinsider.com published the news titled: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” on May 15, 2018. Streetinsider.com‘s news article titled: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with publication date: May 15, 2018 was also an interesting one.

Since January 30, 2018, it had 0 insider purchases, and 4 sales for $6.69 million activity. Klein David Eric had sold 17,900 shares worth $4.09 million. LOCKE JAMES A III sold $1.47M worth of stock or 6,398 shares.

Among 24 analysts covering Flowserve Corporation (NYSE:FLS), 6 have Buy rating, 2 Sell and 16 Hold. Therefore 25% are positive. Flowserve Corporation had 85 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, January 16. As per Thursday, August 27, the company rating was maintained by UBS. The stock of Flowserve Corporation (NYSE:FLS) has “Neutral” rating given on Wednesday, March 15 by Robert W. Baird. On Sunday, July 30 the stock rating was maintained by RBC Capital Markets with “Sell”. BMO Capital Markets maintained Flowserve Corporation (NYSE:FLS) on Tuesday, June 27 with “Buy” rating. On Tuesday, May 10 the stock rating was initiated by KeyBanc Capital Markets with “Sector Weight”. As per Monday, February 22, the company rating was maintained by RBC Capital Markets. The company was maintained on Thursday, July 27 by Oppenheimer. The firm has “Hold” rating given on Tuesday, February 20 by Stifel Nicolaus. RBC Capital Markets maintained Flowserve Corporation (NYSE:FLS) rating on Wednesday, April 12. RBC Capital Markets has “Sell” rating and $42 target.

Riverpoint Capital Management Llc, which manages about $1.62 billion and $1.65B US Long portfolio, upped its stake in Citizens Finl Group Inc (NYSE:CFG) by 12,883 shares to 519,484 shares, valued at $21.81 million in 2017Q4, according to the filing. It also increased its holding in Emerson Elec Co (NYSE:EMR) by 6,576 shares in the quarter, for a total of 89,985 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Investors sentiment increased to 0.98 in 2017 Q4. Its up 0.14, from 0.84 in 2017Q3. It improved, as 41 investors sold FLS shares while 104 reduced holdings. 41 funds opened positions while 101 raised stakes. 132.57 million shares or 0.27% more from 132.21 million shares in 2017Q3 were reported. Asset Mngmt One Company Ltd holds 0.02% of its portfolio in Flowserve Corporation (NYSE:FLS) for 226,448 shares. Jane Street Grp Incorporated Lc reported 0.01% in Flowserve Corporation (NYSE:FLS). Dupont Capital Mngmt Corporation reported 1,558 shares stake. Employees Retirement Association Of Colorado stated it has 25,259 shares. Gotham Asset Mgmt Limited Liability Company, New York-based fund reported 137,210 shares. Bryn Mawr Tru holds 0.09% of its portfolio in Flowserve Corporation (NYSE:FLS) for 38,679 shares. Prudential Fincl holds 178,891 shares or 0.01% of its portfolio. Caisse De Depot Et Placement Du Quebec invested in 0.21% or 2.16M shares. 125,426 are held by Bb&T. Tudor Investment Et Al, a Connecticut-based fund reported 9,275 shares. Alliancebernstein LP reported 0.01% stake. Schwab Charles Incorporated has 683,662 shares. Panagora Asset has 0% invested in Flowserve Corporation (NYSE:FLS). Barrow Hanley Mewhinney Strauss invested in 58 shares. Kornitzer Capital Mngmt Inc Ks has 9,805 shares for 0.01% of their portfolio.

Analysts await Flowserve Corporation (NYSE:FLS) to report earnings on July, 26. They expect $0.35 earnings per share, up 59.09% or $0.13 from last year’s $0.22 per share. FLS’s profit will be $45.79 million for 31.50 P/E if the $0.35 EPS becomes a reality. After $0.27 actual earnings per share reported by Flowserve Corporation for the previous quarter, Wall Street now forecasts 29.63% EPS growth.

More news for Flowserve Corporation (NYSE:FLS) were recently published by: Seekingalpha.com, which released: “Flowserve’s (FLS) CEO Scott Rowe on Q1 2018 Results – Earnings Call Transcript” on May 11, 2018. Seekingalpha.com‘s article titled: “Flowserve -4% as Q1 bookings, backlog slip” and published on May 10, 2018 is yet another important article.

Flowserve Corporation (NYSE:FLS) Institutional Positions Chart

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