As Public Storage (PSA) Market Value Declined, Shareholder Alps Advisors Has Cut Its Position by $326,529; Trigran Investments Lowered Holding in Kmg Chemicals (KMG) by $9.19 Million as Market Valuation Rose

January 14, 2018 - By Dolores Ford

Douglas T. Granat decreased its stake in Kmg Chemicals Inc (KMG) by 22.2% based on its latest 2017Q3 regulatory filing with the SEC. Trigran Investments Inc sold 170,247 shares as the company’s stock rose 52.84% with the market. The hedge fund run by Douglas T. Granat held 596,752 shares of the basic industries company at the end of 2017Q3, valued at $32.75M, down from 766,999 at the end of the previous reported quarter. Trigran Investments Inc who had been investing in Kmg Chemicals Inc for a number of months, seems to be less bullish one the $1.01 billion market cap company. The stock decreased 1.89% or $1.27 during the last trading session, reaching $65.76. About 246,783 shares traded or 11.27% up from the average. KMG Chemicals, Inc. (NYSE:KMG) has risen 169.63% since January 14, 2017 and is uptrending. It has outperformed by 152.93% the S&P500.

Alps Advisors Inc decreased its stake in Public Storage (PSA) by 12.1% based on its latest 2017Q3 regulatory filing with the SEC. Alps Advisors Inc sold 1,533 shares as the company’s stock declined 5.00% while stock markets rallied. The institutional investor held 11,133 shares of the real estate investment trusts company at the end of 2017Q3, valued at $2.38 million, down from 12,666 at the end of the previous reported quarter. Alps Advisors Inc who had been investing in Public Storage for a number of months, seems to be less bullish one the $33.69 billion market cap company. The stock decreased 1.31% or $2.57 during the last trading session, reaching $193.55. About 957,647 shares traded or 19.42% up from the average. Public Storage (NYSE:PSA) has declined 14.14% since January 14, 2017 and is downtrending. It has underperformed by 30.84% the S&P500.

Alps Advisors Inc, which manages about $13.32B and $14.11 billion US Long portfolio, upped its stake in Energy Transfer Partners Lp by 5.59M shares to 53.06 million shares, valued at $970.55 million in 2017Q3, according to the filing. It also increased its holding in United Rentals Inc (NYSE:URI) by 3,443 shares in the quarter, for a total of 12,954 shares, and has risen its stake in Loxo Oncology Inc (NASDAQ:LOXO).

Analysts await Public Storage (NYSE:PSA) to report earnings on February, 28. They expect $2.71 earnings per share, up 2.26% or $0.06 from last year’s $2.65 per share. PSA’s profit will be $471.66 million for 17.86 P/E if the $2.71 EPS becomes a reality. After $2.61 actual earnings per share reported by Public Storage for the previous quarter, Wall Street now forecasts 3.83% EPS growth.

Among 17 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 6 Sell and 9 Hold. Therefore 12% are positive. Public Storage has $275 highest and $184.0 lowest target. $217.37’s average target is 12.31% above currents $193.55 stock price. Public Storage had 61 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Wednesday, November 11. As per Wednesday, May 11, the company rating was maintained by RBC Capital Markets. The firm has “Underweight” rating given on Wednesday, November 11 by BB&T Capital. The stock has “Neutral” rating by Goldman Sachs on Monday, October 31. Jefferies maintained the stock with “Hold” rating in Friday, July 14 report. FBR Capital initiated the stock with “Market Perform” rating in Thursday, June 23 report. The rating was upgraded by Robert W. Baird to “Outperform” on Thursday, January 7. The stock of Public Storage (NYSE:PSA) earned “Hold” rating by Jefferies on Friday, August 18. The stock has “Hold” rating by Jefferies on Monday, July 24. Zacks upgraded the shares of PSA in report on Wednesday, September 2 to “Buy” rating.

Since July 31, 2017, it had 0 buys, and 28 selling transactions for $17.11 million activity.

Among 4 analysts covering KMG Chemicals (NYSE:KMG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. KMG Chemicals has $70.0 highest and $26 lowest target. $44.33’s average target is -32.59% below currents $65.76 stock price. KMG Chemicals had 8 analyst reports since August 12, 2015 according to SRatingsIntel. As per Wednesday, August 12, the company rating was downgraded by Zacks. Zacks downgraded KMG Chemicals, Inc. (NYSE:KMG) on Monday, August 31 to “Hold” rating. The stock has “Hold” rating by Gabelli on Wednesday, December 14. The firm has “Neutral” rating given on Wednesday, August 26 by Global Hunter Securities. Seaport Global Securities upgraded the shares of KMG in report on Friday, December 11 to “Buy” rating. The company was upgraded on Monday, May 1 by Gabelli. On Wednesday, December 13 the stock rating was maintained by KeyBanc Capital Markets with “Buy”.

Analysts await KMG Chemicals, Inc. (NYSE:KMG) to report earnings on March, 12. They expect $0.71 EPS, up 24.56% or $0.14 from last year’s $0.57 per share. KMG’s profit will be $10.92 million for 23.15 P/E if the $0.71 EPS becomes a reality. After $0.83 actual EPS reported by KMG Chemicals, Inc. for the previous quarter, Wall Street now forecasts -14.46% negative EPS growth.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.71, from 1.66 in 2017Q2. It turned negative, as 14 investors sold KMG shares while 47 reduced holdings. 21 funds opened positions while 37 raised stakes. 8.47 million shares or 0.73% less from 8.53 million shares in 2017Q2 were reported. Driehaus Capital Limited Liability Corp holds 24,846 shares. Ameritas Invest Ptnrs accumulated 758 shares. Australia-based Macquarie Grp Limited has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Secor Advisors Lp accumulated 18,308 shares. Morgan Stanley has 62,273 shares. Bnp Paribas Arbitrage Sa accumulated 962 shares. Vanguard Group Inc Incorporated stated it has 0% in KMG Chemicals, Inc. (NYSE:KMG). Moreover, Meeder Asset has 0.01% invested in KMG Chemicals, Inc. (NYSE:KMG). Voya Inv Ltd Llc has 5,404 shares. Goldman Sachs Grp Inc Incorporated reported 14,510 shares or 0% of all its holdings. Moreover, Cornerstone Cap Hldgs Limited Liability Co has 0.02% invested in KMG Chemicals, Inc. (NYSE:KMG) for 44,353 shares. Moreover, Victory Capital Management has 0% invested in KMG Chemicals, Inc. (NYSE:KMG). Trigran Inc holds 7.38% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 596,752 shares. Rhumbline Advisers has 0% invested in KMG Chemicals, Inc. (NYSE:KMG). Wcm Invest Ca has invested 0.04% in KMG Chemicals, Inc. (NYSE:KMG).

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