Champlain Investment Partners Cut Its Aceto (ACET) Position; Watts Water Technologies (WTS)’s Sentiment Is 1.15

January 13, 2018 - By Ruchi Gupta

Champlain Investment Partners Llc decreased Aceto Corporation (ACET) stake by 30.06% reported in 2017Q3 SEC filing. Champlain Investment Partners Llc sold 431,393 shares as Aceto Corporation (ACET)’s stock declined 8.95%. The Champlain Investment Partners Llc holds 1.00 million shares with $11.27M value, down from 1.43M last quarter. Aceto Corporation now has $341.14 million valuation. The stock decreased 1.05% or $0.12 during the last trading session, reaching $11.33. About 253,092 shares traded. Aceto Corporation (NASDAQ:ACET) has declined 30.78% since January 13, 2017 and is downtrending. It has underperformed by 47.48% the S&P500.

Watts Water Technologies, Inc. designs, makes, and sells products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company has market cap of $2.69 billion. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. It has a 29.13 P/E ratio. The firm also provides heating, ventilation, and air conditioning and gas products comprising commercial high-efficiency boilers, water heaters, and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications.

Analysts await Watts Water Technologies, Inc. (NYSE:WTS) to report earnings on February, 8. They expect $0.73 EPS, up 14.06% or $0.09 from last year’s $0.64 per share. WTS’s profit will be $24.93M for 26.93 P/E if the $0.73 EPS becomes a reality. After $0.80 actual EPS reported by Watts Water Technologies, Inc. for the previous quarter, Wall Street now forecasts -8.75% negative EPS growth.

Pivot Point Capital Partners Llc holds 21.01% of its portfolio in Watts Water Technologies, Inc. for 381,117 shares. Impax Asset Management Ltd owns 2.73 million shares or 5.78% of their US portfolio. Moreover, Stone Run Capital Llc has 2.04% invested in the company for 57,250 shares. The Florida-based Wilen Investment Management Corp. has invested 1.68% in the stock. John G Ullman & Associates Inc, a New York-based fund reported 113,891 shares.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $1.37 million activity.

The stock increased 1.55% or $1.2 during the last trading session, reaching $78.65. About 66,609 shares traded. Watts Water Technologies, Inc. (WTS) has risen 15.50% since January 13, 2017 and is uptrending. It has underperformed by 1.20% the S&P500.

Since August 2, 2017, it had 0 insider purchases, and 11 insider sales for $548,770 activity. On Friday, September 8 Rogers Steven sold $20,690 worth of Aceto Corporation (NASDAQ:ACET) or 2,000 shares. The insider GUCCIONE SALVATORE J SR sold 9,850 shares worth $103,099. Alaimo Charles John had sold 5,282 shares worth $55,646 on Friday, September 1. DEBENEDITTIS FRANK had sold 3,016 shares worth $31,591 on Friday, September 1. The insider Kaczmarek Walter J III sold $27,857. EILENDER ALBERT L sold $99,744 worth of stock. Another trade for 6,500 shares valued at $68,049 was made by ROTH DOUGLAS A on Friday, September 1.

Champlain Investment Partners Llc increased Talend Sa Sponsored Adr stake by 347,245 shares to 548,480 valued at $22.46 million in 2017Q3. It also upped Waters Corporation (NYSE:WAT) stake by 30,260 shares and now owns 459,405 shares. Molson Coors Brewing Company C (NYSE:TAP) was raised too.

Among 2 analysts covering Aceto (NASDAQ:ACET), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Aceto had 6 analyst reports since March 31, 2016 according to SRatingsIntel. First Analysis downgraded Aceto Corporation (NASDAQ:ACET) on Monday, November 14 to “Equal-Weight” rating. The rating was maintained by Canaccord Genuity with “Buy” on Monday, November 6. The firm has “Overweight” rating given on Thursday, March 31 by First Analysis. Canaccord Genuity maintained Aceto Corporation (NASDAQ:ACET) on Monday, August 28 with “Buy” rating. The firm earned “Buy” rating on Sunday, October 29 by Canaccord Genuity.

Investors sentiment decreased to 1.28 in Q3 2017. Its down 0.17, from 1.45 in 2017Q2. It fall, as 14 investors sold ACET shares while 33 reduced holdings. 25 funds opened positions while 35 raised stakes. 23.93 million shares or 2.49% less from 24.54 million shares in 2017Q2 were reported. Bank & Trust Of America Corporation De holds 0% of its portfolio in Aceto Corporation (NASDAQ:ACET) for 455,212 shares. Texas Permanent School Fund invested in 0% or 21,981 shares. California Public Employees Retirement System accumulated 71,900 shares. Palisade Cap Ltd Liability Corporation Nj holds 11,689 shares. Moreover, Prelude Cap Mgmt Ltd Liability Co has 0.01% invested in Aceto Corporation (NASDAQ:ACET). Virtu Ltd Liability Co invested in 23,736 shares. Manufacturers Life Ins The holds 0% or 24,209 shares. Principal Finance Grp Inc holds 0% in Aceto Corporation (NASDAQ:ACET) or 227,971 shares. Arizona State Retirement System has 15,649 shares for 0% of their portfolio. Balyasny Asset Management Lc has invested 0% in Aceto Corporation (NASDAQ:ACET). Barclays Pcl holds 0% or 10,752 shares. Voya Invest Mgmt Ltd Co invested in 0% or 47,694 shares. Deprince Race And Zollo has 754,449 shares. Credit Suisse Ag invested in 41,814 shares. Thrivent For Lutherans holds 18,230 shares.

Analysts await Aceto Corporation (NASDAQ:ACET) to report earnings on February, 1. They expect $0.23 earnings per share, down 4.17% or $0.01 from last year’s $0.24 per share. ACET’s profit will be $6.93 million for 12.32 P/E if the $0.23 EPS becomes a reality. After $0.30 actual earnings per share reported by Aceto Corporation for the previous quarter, Wall Street now forecasts -23.33% negative EPS growth.

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