Varian Med Sys (VAR) Shareholder Speece Thorson Capital Group Trimmed Its Stake by $2.21 Million; As Suntrust Banks (STI) Share Value Declined, West Oak Capital Increased by $577,610 Its Stake

February 12, 2018 - By Dolores Ford

West Oak Capital Llc increased its stake in Suntrust Banks Inc (STI) by 76.81% based on its latest 2017Q3 regulatory filing with the SEC. West Oak Capital Llc bought 9,790 shares as the company’s stock declined 9.30% while stock markets rallied. The institutional investor held 22,535 shares of the finance company at the end of 2017Q3, valued at $1.35M, up from 12,745 at the end of the previous reported quarter. West Oak Capital Llc who had been investing in Suntrust Banks Inc for a number of months, seems to be bullish on the $31.92 billion market cap company. The stock increased 0.45% or $0.3 during the last trading session, reaching $67.78. About 3.02 million shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since February 12, 2017 and is uptrending. It has outperformed by 10.12% the S&P500.

Speece Thorson Capital Group Inc decreased its stake in Varian Med Sys Inc (VAR) by 17.96% based on its latest 2017Q3 regulatory filing with the SEC. Speece Thorson Capital Group Inc sold 22,101 shares as the company’s stock rose 13.68% with the market. The hedge fund held 100,954 shares of the health care company at the end of 2017Q3, valued at $10.10 million, down from 123,055 at the end of the previous reported quarter. Speece Thorson Capital Group Inc who had been investing in Varian Med Sys Inc for a number of months, seems to be less bullish one the $10.71 billion market cap company. The stock increased 2.07% or $2.375 during the last trading session, reaching $116.875. About 493,939 shares traded. Varian Medical Systems, Inc. (NYSE:VAR) has risen 29.46% since February 12, 2017 and is uptrending. It has outperformed by 12.76% the S&P500.

Among 34 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Suntrust Banks Inc. had 108 analyst reports since July 20, 2015 according to SRatingsIntel. The firm earned “Underweight” rating on Monday, November 14 by Morgan Stanley. Robert W. Baird maintained SunTrust Banks, Inc. (NYSE:STI) on Tuesday, October 31 with “Hold” rating. On Friday, January 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was downgraded on Tuesday, August 16 by Bernstein. The stock has “Neutral” rating by Nomura on Thursday, October 26. The company was upgraded on Monday, September 7 by Zacks. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Hold” rating by Sandler O’Neill on Monday, October 23. As per Wednesday, October 21, the company rating was maintained by Citigroup. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Buy” rating by RBC Capital Markets on Thursday, July 27. Deutsche Bank maintained it with “Buy” rating and $50 target in Wednesday, August 12 report.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.01, from 0.92 in 2017Q2. It dived, as 65 investors sold STI shares while 235 reduced holdings. 69 funds opened positions while 205 raised stakes. 375.36 million shares or 2.72% less from 385.84 million shares in 2017Q2 were reported. Canada Pension Plan Inv Board holds 0.09% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 750,215 shares. Fort Washington Oh reported 0.02% stake. 48,299 are owned by Advantus Capital Management. Tarbox Family Office accumulated 65 shares. Court Place Ltd reported 0.26% stake. Assets Inv Limited Co reported 0.18% in SunTrust Banks, Inc. (NYSE:STI). Johnson Counsel stated it has 7,399 shares. Parsons Capital Management Ri owns 0.21% invested in SunTrust Banks, Inc. (NYSE:STI) for 29,762 shares. Moreover, Argent Tru Com has 0.08% invested in SunTrust Banks, Inc. (NYSE:STI) for 3,434 shares. Guggenheim Capital Llc holds 0.13% or 904,554 shares in its portfolio. Moreover, Adage Ptnrs Lc has 0.21% invested in SunTrust Banks, Inc. (NYSE:STI). New Mexico Educational Retirement Board accumulated 0.13% or 44,926 shares. Voya Investment Mgmt accumulated 260,882 shares or 0.03% of the stock. Kentucky Retirement System Ins Fund invested 0.14% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Union Comml Bank holds 6,091 shares.

Since August 14, 2017, it had 0 insider buys, and 1 sale for $507,911 activity. Shares for $46,331 were sold by Johnson Susan S on Monday, August 14.

Speece Thorson Capital Group Inc, which manages about $408.00M and $480.35 million US Long portfolio, upped its stake in Mattel Inc (NASDAQ:MAT) by 108,895 shares to 817,010 shares, valued at $12.65M in 2017Q3, according to the filing. It also increased its holding in Devon Energy Corp New (NYSE:DVN) by 74,614 shares in the quarter, for a total of 337,371 shares, and has risen its stake in Sonoco Products (NYSE:SON).

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.07, from 0.95 in 2017Q2. It improved, as 37 investors sold VAR shares while 166 reduced holdings. 51 funds opened positions while 156 raised stakes. 89.98 million shares or 0.15% less from 90.12 million shares in 2017Q2 were reported. North Star Asset Mngmt reported 5,300 shares or 0.05% of all its holdings. Lakeview Cap Partners Limited Co holds 0.18% or 2,216 shares. Tarbox Family Office Inc has invested 0% in Varian Medical Systems, Inc. (NYSE:VAR). Ancora Lc holds 0.22% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 37,172 shares. Madison Invest Inc has 364,426 shares. Moreover, American Gp Incorporated has 0.01% invested in Varian Medical Systems, Inc. (NYSE:VAR). 259,065 were reported by Credit Suisse Ag. Ubs Asset Mngmt Americas has invested 0.06% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR). Employees Retirement Association Of Colorado reported 17,157 shares. Connor Clark & Lunn Investment Management invested in 0.04% or 60,350 shares. Sun Life Finance holds 0.01% or 679 shares. Vident Investment Advisory Limited Co stated it has 128,154 shares or 0.69% of all its holdings. Amer Century invested 0.01% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR). Cetera Advisor Network Ltd Liability Corporation stated it has 2,322 shares. Wellington Management Limited Liability Partnership has 1.63 million shares for 0.04% of their portfolio.

Since August 14, 2017, it had 0 insider purchases, and 17 selling transactions for $19.94 million activity. 10,000 shares valued at $1.11M were sold by GUERTIN TIMOTHY E on Tuesday, January 2. Shares for $93,575 were sold by KUO JOHN W. WILSON DOW R also sold $1.54M worth of Varian Medical Systems, Inc. (NYSE:VAR) shares. ECKERT R ANDREW sold 5,651 shares worth $578,594. LARET MARK R sold 2,161 shares worth $274,383.

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 37 analyst reports since August 27, 2015 according to SRatingsIntel. The stock of Varian Medical Systems, Inc. (NYSE:VAR) earned “Hold” rating by Robert W. Baird on Monday, August 28. The company was maintained on Wednesday, September 28 by Robert W. Baird. The firm has “Hold” rating given on Thursday, November 30 by RBC Capital Markets. RBC Capital Markets maintained Varian Medical Systems, Inc. (NYSE:VAR) rating on Monday, October 2. RBC Capital Markets has “Hold” rating and $100.0 target. The firm has “Outperform” rating by Barrington Research given on Tuesday, January 12. RBC Capital Markets maintained the shares of VAR in report on Wednesday, June 21 with “Hold” rating. RBC Capital Markets maintained the shares of VAR in report on Friday, September 1 with “Hold” rating. RBC Capital Markets maintained Varian Medical Systems, Inc. (NYSE:VAR) rating on Thursday, January 25. RBC Capital Markets has “Hold” rating and $115.0 target. Jefferies maintained the shares of VAR in report on Wednesday, October 25 with “Buy” rating. The stock of Varian Medical Systems, Inc. (NYSE:VAR) has “Hold” rating given on Monday, July 24 by RBC Capital Markets.

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By1 Dolores Ford

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