Incline Global Management Increases Stake in Newell Brands (NWL); Miller Howard Investments Position in United Parcel Service Cl B (UPS) Has Trimmed by $1.94 Million as Valuation Declined

February 15, 2018 - By Vivian Park

Miller Howard Investments Inc decreased its stake in United Parcel Service Inc Cl B (UPS) by 3.03% based on its latest 2017Q3 regulatory filing with the SEC. Miller Howard Investments Inc sold 16,197 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 517,695 shares of the transportation company at the end of 2017Q3, valued at $62.17M, down from 533,892 at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in United Parcel Service Inc Cl B for a number of months, seems to be less bullish one the $91.93 billion market cap company. The stock increased 0.38% or $0.41 during the last trading session, reaching $107.01. About 3.03 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 15, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Jeff Lignelli increased its stake in Newell Brands Inc (NWL) by 290.09% based on its latest 2017Q3 regulatory filing with the SEC. Incline Global Management Llc bought 1.21M shares as the company’s stock rose 13.21% with the market. The hedge fund run by Jeff Lignelli held 1.63 million shares of the plastic products company at the end of 2017Q3, valued at $69.34 million, up from 416,600 at the end of the previous reported quarter. Incline Global Management Llc who had been investing in Newell Brands Inc for a number of months, seems to be bullish on the $13.40 billion market cap company. The stock increased 0.55% or $0.15 during the last trading session, reaching $27.35. About 2.90 million shares traded. Newell Brands Inc. (NYSE:NWL) has risen 11.94% since February 15, 2017 and is uptrending. It has underperformed by 4.76% the S&P500.

Among 20 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Newell Rubbermaid Inc. had 59 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, September 4 by KeyBanc Capital Markets. Piper Jaffray upgraded the shares of NWL in report on Tuesday, December 15 to “Overweight” rating. The firm has “Hold” rating by J.P. Morgan given on Thursday, November 2. Morgan Stanley downgraded the shares of NWL in report on Thursday, January 25 to “Equal-Weight” rating. The stock of Newell Brands Inc. (NYSE:NWL) earned “Hold” rating by Oppenheimer on Friday, August 4. The rating was maintained by RBC Capital Markets on Thursday, June 8 with “Buy”. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, September 7 report. The company was maintained on Monday, October 16 by KeyBanc Capital Markets. The rating was downgraded by Jefferies on Monday, September 11 to “Hold”. The rating was downgraded by Barclays Capital on Thursday, January 25 to “Hold”.

Incline Global Management Llc, which manages about $222.93M and $1.21 billion US Long portfolio, decreased its stake in Lkq Corp (Call) (NASDAQ:LKQ) by 1.48M shares to 698,000 shares, valued at $25.12M in 2017Q3, according to the filing. It also reduced its holding in Marathon Pete Corp (NYSE:MPC) by 237,320 shares in the quarter, leaving it with 93,680 shares, and cut its stake in Sherwin Williams Co (Call) (NYSE:SHW).

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.17, from 0.94 in 2017Q2. It is positive, as 71 investors sold NWL shares while 188 reduced holdings. 70 funds opened positions while 217 raised stakes. 442.84 million shares or 0.35% more from 441.31 million shares in 2017Q2 were reported. Virtus Advisers holds 0.91% of its portfolio in Newell Brands Inc. (NYSE:NWL) for 204,033 shares. Riverhead Capital Limited Liability Corporation stated it has 0.02% of its portfolio in Newell Brands Inc. (NYSE:NWL). Dimensional Fund Advisors Limited Partnership has 2.12 million shares. The California-based Lpl Ltd Company has invested 0% in Newell Brands Inc. (NYSE:NWL). Evercore Wealth Mgmt Limited reported 0.02% in Newell Brands Inc. (NYSE:NWL). 42,975 were accumulated by Cohen Lawrence B. Employees Retirement System Of Texas owns 161,368 shares. Savant Cap reported 5,150 shares. Wealthtrust reported 464 shares. 61,200 were accumulated by Quantres Asset Mgmt Ltd. Amica Pension Fund Board Of Trustees invested in 33,605 shares. Winslow Evans Crocker has 642 shares. Norinchukin Bancorporation The holds 0.03% or 36,479 shares. Crestpoint Capital Mngmt Lc has 25,400 shares for 0.48% of their portfolio. 20,319 are owned by Janney Montgomery Scott Ltd Liability Co.

Among 23 analysts covering United Parcel Service (NYSE:UPS), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. United Parcel Service had 65 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by Robert W. Baird on Friday, October 27. The firm earned “Buy” rating on Wednesday, July 29 by S&P Research. Cowen & Co maintained it with “Hold” rating and $115.0 target in Monday, August 21 report. The rating was maintained by Stephens with “Hold” on Thursday, February 1. Stephens maintained it with “Hold” rating and $147.0 target in Monday, January 8 report. Cowen & Co maintained the shares of UPS in report on Friday, April 29 with “Market Perform” rating. BMO Capital Markets maintained United Parcel Service, Inc. (NYSE:UPS) on Thursday, November 30 with “Hold” rating. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Equal Weight” rating by Barclays Capital on Wednesday, February 1. The stock has “Hold” rating by Susquehanna on Thursday, February 1. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Susquehanna on Wednesday, January 17.

Since August 22, 2017, it had 0 insider buys, and 1 insider sale for $2.02 million activity.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.09, from 1.05 in 2017Q2. It is positive, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Toronto Dominion State Bank holds 0.1% or 267,617 shares in its portfolio. Pacific Global Investment Mgmt holds 0.41% or 15,101 shares in its portfolio. 296,873 were accumulated by Thornburg Inv. Greenleaf Trust accumulated 0% or 486 shares. 1.11M were accumulated by Service Automobile Association. Signalpoint Asset Management Ltd Liability Company holds 1,816 shares. 33,002 are owned by Veritable Lp. Teacher Retirement Systems Of Texas accumulated 20,950 shares. Mutual Of Omaha National Bank Wealth Mgmt holds 0.15% or 3,400 shares in its portfolio. Suntrust Banks Inc holds 243,068 shares or 0.16% of its portfolio. Moreover, Argent Comm has 0.15% invested in United Parcel Service, Inc. (NYSE:UPS) for 4,645 shares. Rockefeller Finance Services Inc reported 0.04% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Farmers Bancorporation holds 0.9% in United Parcel Service, Inc. (NYSE:UPS) or 12,361 shares. Carroll Fin Assoc stated it has 0.18% in United Parcel Service, Inc. (NYSE:UPS). Cornerstone Cap Management Holdg Lc holds 0.12% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 130,362 shares.

Miller Howard Investments Inc, which manages about $6.68 billion and $4.85 billion US Long portfolio, upped its stake in Pfizer Inc Com (NYSE:PFE) by 351,008 shares to 2.34M shares, valued at $83.61M in 2017Q3, according to the filing. It also increased its holding in Forum Energy Technologies Inc (NYSE:FET) by 57,813 shares in the quarter, for a total of 355,951 shares, and has risen its stake in Kinder Morgan Inc Del Com (NYSE:KMI).

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By1 Vivian Park

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