Kingdon Capital Management Lowered Its Harris Del (HRS) Holding by $4.96 Million; Stock Value Rose; Valero Energy New (VLO) Market Valuation Rose While Capital Advisors Lowered Its Position by $820,638

April 26, 2018 - By Dolores Ford

Harris Corporation (NYSE:HRS) Logo

Mark Kingdon decreased its stake in Harris Corp Del (HRS) by 41.66% based on its latest 2017Q4 regulatory filing with the SEC. Kingdon Capital Management Llc sold 35,174 shares as the company’s stock rose 12.31% while stock markets declined. The hedge fund run by Mark Kingdon held 49,259 shares of the industrial machinery and components company at the end of 2017Q4, valued at $6.98M, down from 84,433 at the end of the previous reported quarter. Kingdon Capital Management Llc who had been investing in Harris Corp Del for a number of months, seems to be less bullish one the $18.97 billion market cap company. The stock decreased 0.88% or $1.42 during the last trading session, reaching $159.74. About 1.10 million shares traded or 31.54% up from the average. Harris Corporation (NYSE:HRS) has risen 44.73% since April 26, 2017 and is uptrending. It has outperformed by 33.18% the S&P500.

Capital Advisors Inc decreased its stake in Valero Energy Corp New (VLO) by 6.41% based on its latest 2017Q4 regulatory filing with the SEC. Capital Advisors Inc sold 9,018 shares as the company’s stock rose 1.25% while stock markets declined. The institutional investor held 131,579 shares of the integrated oil company at the end of 2017Q4, valued at $12.09 million, down from 140,597 at the end of the previous reported quarter. Capital Advisors Inc who had been investing in Valero Energy Corp New for a number of months, seems to be less bullish one the $48.05 billion market cap company. The stock increased 2.60% or $2.83 during the last trading session, reaching $111.51. About 4.52 million shares traded or 25.63% up from the average. Valero Energy Corporation (NYSE:VLO) has risen 39.32% since April 26, 2017 and is uptrending. It has outperformed by 27.77% the S&P500.

Among 22 analysts covering Valero Energy Corporation (NYSE:VLO), 9 have Buy rating, 0 Sell and 13 Hold. Therefore 41% are positive. Valero Energy Corporation had 80 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 31 by RBC Capital Markets. The firm has “Hold” rating by Jefferies given on Monday, October 16. RBC Capital Markets maintained Valero Energy Corporation (NYSE:VLO) on Wednesday, October 18 with “Buy” rating. On Thursday, January 12 the stock rating was downgraded by Jefferies to “Hold”. Jefferies maintained the shares of VLO in report on Tuesday, April 24 with “Hold” rating. Credit Suisse reinitiated the stock with “Neutral” rating in Wednesday, March 7 report. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, July 20 report. Piper Jaffray maintained Valero Energy Corporation (NYSE:VLO) on Friday, May 26 with “Neutral” rating. UBS maintained the stock with “Neutral” rating in Wednesday, November 15 report. The stock of Valero Energy Corporation (NYSE:VLO) earned “Buy” rating by Tudor Pickering on Wednesday, November 16.

Since December 13, 2017, it had 0 insider purchases, and 2 sales for $23.55 million activity. CISKOWSKI MICHAEL S also sold $23.46M worth of Valero Energy Corporation (NYSE:VLO) shares.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.02, from 1 in 2017Q3. It fall, as 51 investors sold VLO shares while 327 reduced holdings. 108 funds opened positions while 261 raised stakes. 331.76 million shares or 3.27% less from 342.98 million shares in 2017Q3 were reported. Yhb Investment Advsrs has 0.05% invested in Valero Energy Corporation (NYSE:VLO) for 3,476 shares. Georgia-based Willis Invest Counsel has invested 1.09% in Valero Energy Corporation (NYSE:VLO). Adirondack Trust holds 0.03% in Valero Energy Corporation (NYSE:VLO) or 460 shares. 328,669 are held by Clarivest Asset Management Llc. Spark Inv Mgmt Lc invested in 1.03% or 209,100 shares. Los Angeles Cap Mgmt And Equity Inc reported 0.33% stake. Mitsubishi Ufj Bk has invested 0.17% in Valero Energy Corporation (NYSE:VLO). Hanson Doremus Invest Mngmt holds 0.95% or 30,995 shares. Annex Advisory Svcs Ltd Liability Com has 0.31% invested in Valero Energy Corporation (NYSE:VLO) for 17,587 shares. Arizona State Retirement Systems stated it has 198,324 shares. Farmers & Merchants Invests holds 0% or 284 shares in its portfolio. Putnam Investments Lc stated it has 0.56% in Valero Energy Corporation (NYSE:VLO). Retail Bank Of The West owns 40,497 shares or 0.47% of their US portfolio. Royal Bank Of Scotland Grp Public Limited Liability Corporation has invested 5.92% in Valero Energy Corporation (NYSE:VLO). Newman Dignan & Sheerar Inc stated it has 0.14% of its portfolio in Valero Energy Corporation (NYSE:VLO).

Capital Advisors Inc, which manages about $1.71 billion US Long portfolio, upped its stake in Schwab Strategic Tr (SCHB) by 41,471 shares to 732,637 shares, valued at $47.27M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr by 61,955 shares in the quarter, for a total of 3.08M shares, and has risen its stake in Flexshares Tr (GUNR).

Since February 15, 2018, it had 0 insider buys, and 3 sales for $12.22 million activity. $1.35M worth of stock was sold by FOX SHELDON J on Thursday, February 15. Another trade for 20,000 shares valued at $3.02 million was made by MIKUEN SCOTT T on Friday, March 2.

Among 11 analysts covering Harris (NYSE:HRS), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Harris had 39 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, June 7 by Cowen & Co. The firm earned “Outperform” rating on Monday, October 12 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, August 17 by Jefferies. The stock of Harris Corporation (NYSE:HRS) has “Buy” rating given on Monday, January 22 by Cowen & Co. On Monday, September 18 the stock rating was maintained by Jefferies with “Buy”. The stock of Harris Corporation (NYSE:HRS) earned “Buy” rating by Cowen & Co on Tuesday, August 1. The stock has “Buy” rating by Jefferies on Thursday, December 17. Jefferies maintained Harris Corporation (NYSE:HRS) rating on Tuesday, January 30. Jefferies has “Buy” rating and $176.0 target. The stock has “Buy” rating by Citigroup on Tuesday, April 10. The rating was downgraded by Barclays Capital on Monday, May 1 to “Equal Weight”.

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.10, from 0.99 in 2017Q3. It is positive, as 23 investors sold HRS shares while 207 reduced holdings. 91 funds opened positions while 160 raised stakes. 98.23 million shares or 1.10% less from 99.32 million shares in 2017Q3 were reported. Daiwa Sb Invests Ltd owns 900 shares or 0.03% of their US portfolio. 1,520 were reported by Sigma Planning. Shine Investment Advisory Services Inc holds 0.03% or 458 shares in its portfolio. First Quadrant Ltd Partnership Ca reported 87,278 shares. Bowling Ltd Liability Co holds 7,155 shares. Riverhead Capital Management Ltd Liability Com holds 0.18% or 30,341 shares in its portfolio. The New York-based Mutual Of America Management Ltd has invested 0.06% in Harris Corporation (NYSE:HRS). Legal General Grp Inc Public Ltd Llc holds 0.07% in Harris Corporation (NYSE:HRS) or 635,679 shares. Cibc Asset Management holds 0.02% or 17,493 shares in its portfolio. Smith Chas P & Assocs Pa Cpas has invested 0.06% of its portfolio in Harris Corporation (NYSE:HRS). St Germain D J stated it has 0.21% of its portfolio in Harris Corporation (NYSE:HRS). New York-based Silvercrest Asset Management Gp Ltd Limited Liability Company has invested 0.15% in Harris Corporation (NYSE:HRS). Ontario Teachers Pension Plan Board has invested 0.13% in Harris Corporation (NYSE:HRS). Dnb Asset Management As reported 13,967 shares. Quantitative Inv Mgmt Lc invested 0.06% in Harris Corporation (NYSE:HRS).

Analysts await Harris Corporation (NYSE:HRS) to report earnings on May, 2 before the open. They expect $1.62 EPS, up 17.39% or $0.24 from last year’s $1.38 per share. HRS’s profit will be $192.34 million for 24.65 P/E if the $1.62 EPS becomes a reality. After $1.67 actual EPS reported by Harris Corporation for the previous quarter, Wall Street now forecasts -2.99% negative EPS growth.

Harris Corporation (NYSE:HRS) Institutional Positions Chart

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By1 Dolores Ford

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