Deroy & Devereaux Private Investment Counsel Has Trimmed Its Rio Tinto Plc Sponsored Adr (RIO) Holding; ASSA ABLOY AB ORD SWEDEN (ASAZF) Shorts Increased By 13.56%

January 14, 2018 - By Adrian Mccoy

Deroy & Devereaux Private Investment Counsel Inc decreased Rio Tinto Plc Sponsored Adr (RIO) stake by 36.48% reported in 2017Q3 SEC filing. Deroy & Devereaux Private Investment Counsel Inc sold 11,000 shares as Rio Tinto Plc Sponsored Adr (RIO)’s stock declined 9.05%. The Deroy & Devereaux Private Investment Counsel Inc holds 19,150 shares with $904,000 value, down from 30,150 last quarter. Rio Tinto Plc Sponsored Adr now has $95.53B valuation. The stock increased 0.75% or $0.43 during the last trading session, reaching $57.67. About 2.36 million shares traded. Rio Tinto plc (NYSE:RIO) has risen 43.73% since January 14, 2017 and is uptrending. It has outperformed by 27.03% the S&P500.

ASSA ABLOY AB ORD SWEDEN (OTCMKTS:ASAZF) had an increase of 13.56% in short interest. ASAZF’s SI was 2.86M shares in January as released by FINRA. Its up 13.56% from 2.52M shares previously. With 4,300 avg volume, 664 days are for ASSA ABLOY AB ORD SWEDEN (OTCMKTS:ASAZF)’s short sellers to cover ASAZF’s short positions. It closed at $21.6 lastly. It is down 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

ASSA ABLOY AB provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. The company has market cap of $24.18 billion. It offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, fire doors, door frames, industrial high-security fencing and gates, hardware, and fittings. It has a 27.48 P/E ratio. The firm also provides secure identity solutions primarily in identity and access management, and contactless identification technology solutions under the HID Global brand to healthcare, education, financial, government, and state institutions; and electronic lock systems, safes, energy management systems, and minibars for hotels and cruise ships under the VingCard and Elsafe product brands.

Among 21 analysts covering Rio Tinto (NYSE:RIO), 11 have Buy rating, 3 Sell and 7 Hold. Therefore 52% are positive. Rio Tinto had 47 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Wednesday, January 27 with “Market Perform”. The rating was upgraded by Bank of America to “Buy” on Friday, June 30. On Wednesday, October 7 the stock rating was upgraded by Morgan Stanley to “Overweight”. JP Morgan downgraded the stock to “Neutral” rating in Monday, November 13 report. The firm has “Buy” rating given on Thursday, December 1 by Argus Research. BNP Paribas upgraded Rio Tinto plc (NYSE:RIO) on Friday, April 21 to “Outperform” rating. The stock of Rio Tinto plc (NYSE:RIO) earned “Hold” rating by Liberum Capital on Wednesday, August 5. As per Thursday, August 31, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Tuesday, August 23 by Jefferies. Morgan Stanley upgraded Rio Tinto plc (NYSE:RIO) on Tuesday, June 28 to “Overweight” rating.

Deroy & Devereaux Private Investment Counsel Inc increased Student Transportation Inc (NASDAQ:STB) stake by 82,900 shares to 351,600 valued at $2.10M in 2017Q3. It also upped Dun & Bradstreet Corp (NYSE:DNB) stake by 3,700 shares and now owns 22,850 shares. Bank Of Ny Mellon (NYSE:BK) was raised too.

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