South Texas Money Management LTD Trimmed By $2.11 Million Its Varian Medical Systems (VAR) Position; Trustco Bank N Y Has 1.36 Sentiment

May 21, 2018 - By reb123z

Varian Medical Systems, Inc. (NYSE:VAR) Logo

Trustco Bank Corp N Y (TRST) investors sentiment decreased to 1.36 in Q4 2017. It’s down -0.39, from 1.75 in 2017Q3. The ratio has dropped, as 75 investment managers increased and opened new positions, while 55 cut down and sold stock positions in Trustco Bank Corp N Y. The investment managers in our database now own: 56.38 million shares, up from 55.96 million shares in 2017Q3. Also, the number of investment managers holding Trustco Bank Corp N Y in top ten positions was flat from 1 to 1 for the same number . Sold All: 9 Reduced: 46 Increased: 48 New Position: 27.

South Texas Money Management Ltd decreased Varian Medical Systems Inc (VAR) stake by 7.21% reported in 2017Q4 SEC filing. South Texas Money Management Ltd sold 18,977 shares as Varian Medical Systems Inc (VAR)’s stock rose 9.85%. The South Texas Money Management Ltd holds 244,289 shares with $27.15 million value, down from 263,266 last quarter. Varian Medical Systems Inc now has $10.87B valuation. The stock increased 0.32% or $0.38 during the last trading session, reaching $118.78. About 443,472 shares traded. Varian Medical Systems, Inc. (NYSE:VAR) has risen 32.94% since May 21, 2017 and is uptrending. It has outperformed by 21.39% the S&P500.

It closed at $8.75 lastly. It is down 9.74% since May 21, 2017 and is uptrending. It has underperformed by 1.81% the S&P500.

More notable recent TrustCo Bank Corp NY (NASDAQ:TRST) news were published by: Globenewswire.com which released: “TrustCo Declares Cash Dividend” on May 08, 2018, also Nasdaq.com with their article: “Report: Developing Opportunities within Natus Medical, Aptevo Therapeutics, Revlon, Silgan, Resources Connection …” published on April 30, 2018, Seekingalpha.com published: “TrustCo Bank Corp NY’s (TRST) CEO Robert McCormick on Q1 2018 Results – Earnings Call Transcript” on April 24, 2018. More interesting news about TrustCo Bank Corp NY (NASDAQ:TRST) were released by: Nasdaq.com and their article: “TrustCo Announces First Quarter 2018 Results; Net Income Before Taxes Up 12% Over Prior Year Quarter” published on April 23, 2018 as well as Bizjournals.com‘s news article titled: “Plug Power’s CEO makes 56 times the salary of its median employee” with publication date: April 24, 2018.

Trustco Bank Corp N Y holds 10.08% of its portfolio in TrustCo Bank Corp NY for 1.06 million shares. Jbf Capital Inc. owns 260,000 shares or 0.3% of their US portfolio. Moreover, Nj State Employees Deferred Compensation Plan has 0.25% invested in the company for 160,000 shares. The New Jersey-based Systematic Financial Management Lp has invested 0.17% in the stock. Hugh Johnson Advisors Llc, a New York-based fund reported 59,882 shares.

TrustCo Bank Corp NY operates as the holding firm for Trustco Bank that provides personal and business banking services to individuals, partnerships, and firms. The company has market cap of $843.76 million. The firm is primarily involved in accepting deposits, and making loans and investments. It has a 19.53 P/E ratio. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities.

Since January 1, 0001, it had 2 insider buys, and 2 sales for $135,690 activity.

Among 12 analysts covering Varian Medical Systems Inc. (NYSE:VAR), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Varian Medical Systems Inc. had 39 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, January 23 with “Sector Perform”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, April 27 report. Goldman Sachs downgraded the shares of VAR in report on Thursday, January 25 to “Sell” rating. The rating was reinitiated by Barrington Research with “Outperform” on Tuesday, January 12. BTIG Research downgraded the shares of VAR in report on Thursday, September 7 to “Neutral” rating. The stock has “Neutral” rating by Robert W. Baird on Tuesday, October 20. Robert W. Baird maintained Varian Medical Systems, Inc. (NYSE:VAR) rating on Wednesday, September 28. Robert W. Baird has “Neutral” rating and $99 target. The stock has “Outperform” rating by Barrington Research on Friday, January 27. As per Monday, May 8, the company rating was upgraded by Citigroup. The rating was upgraded by Barrington on Thursday, January 25 to “Buy”.

Investors sentiment decreased to 0.8 in 2017 Q4. Its down 0.22, from 1.02 in 2017Q3. It worsened, as 37 investors sold VAR shares while 194 reduced holdings. 63 funds opened positions while 122 raised stakes. 87.00 million shares or 3.31% less from 89.98 million shares in 2017Q3 were reported. Manchester Capital Ltd reported 0.02% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR). Amica Pension Fund Board Of Trustees owns 4,387 shares or 0.06% of their US portfolio. 1832 Asset Limited Partnership holds 0% or 295 shares in its portfolio. Aviva Public Limited owns 0.03% invested in Varian Medical Systems, Inc. (NYSE:VAR) for 51,656 shares. Old Second National Bank & Trust Of Aurora holds 0% or 91 shares. 7,560 were accumulated by Bartlett & Communication Lc. Community State Bank Na holds 0% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 166 shares. Guardian Life Ins Comm Of America accumulated 297 shares. Amalgamated Savings Bank, New York-based fund reported 12,130 shares. Bancshares Of Nova Scotia holds 0.01% or 14,355 shares in its portfolio. First Eagle Investment Mgmt Ltd holds 4.74M shares. Seaward Management Lp stated it has 15,230 shares. Capital Financial Advisers Ltd Company reported 0.1% in Varian Medical Systems, Inc. (NYSE:VAR). Royal Bancshares Of Canada invested in 416,368 shares. Ontario Teachers Pension Plan Board holds 81,418 shares.

South Texas Money Management Ltd increased Occidental Petroleum (NYSE:OXY) stake by 17,109 shares to 510,677 valued at $37.62M in 2017Q4. It also upped Vanguard Short (BSV) stake by 4,984 shares and now owns 76,900 shares. Aviva Plc (NYSE:AV) was raised too.

Since December 12, 2017, it had 0 insider buys, and 22 sales for $22.58 million activity. KENNEDY KOLLEEN T had sold 2,018 shares worth $225,964. KUO JOHN W also sold $166,672 worth of Varian Medical Systems, Inc. (NYSE:VAR) on Thursday, March 15. 2,161 shares were sold by LARET MARK R, worth $274,383. $9.85M worth of Varian Medical Systems, Inc. (NYSE:VAR) shares were sold by WILSON DOW R. ILLINGWORTH DAVID J had sold 5,651 shares worth $692,560 on Tuesday, March 6. GUERTIN TIMOTHY E had sold 10,000 shares worth $1.11M on Tuesday, January 2. BOSTROM SUSAN L had sold 1,952 shares worth $235,413.

Analysts await Varian Medical Systems, Inc. (NYSE:VAR) to report earnings on July, 25. They expect $1.00 earnings per share, down 3.85% or $0.04 from last year’s $1.04 per share. VAR’s profit will be $91.51 million for 29.70 P/E if the $1.00 EPS becomes a reality. After $1.15 actual earnings per share reported by Varian Medical Systems, Inc. for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.

More important recent Varian Medical Systems, Inc. (NYSE:VAR) news were published by: Seekingalpha.com which released: “Varian Medical Systems (VAR) Q2 2018 Results – Earnings Call Transcript” on April 26, 2018, also Globenewswire.com published article titled: “Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical …”, Streetinsider.com published: “Varian Medical Systems (VAR) to Acquire Taiwan’s Cooperative CL Enterprises” on May 07, 2018. More interesting news about Varian Medical Systems, Inc. (NYSE:VAR) was released by: Prnewswire.com and their article: “First Cancer Patients in Korea Treated with Varian HyperArc High-Definition Radiotherapy” with publication date: May 16, 2018.

Varian Medical Systems, Inc. (NYSE:VAR) Institutional Positions Chart

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