Envestnet Asset Management Cut Patterson Companies (PDCO) Holding by $1.15 Million as Market Valuation Declined; Terex (TEX) Stake Has Upped by Fuller & Thaler Asset Management Inc

January 14, 2018 - By Peter Kolinski

Fuller & Thaler Asset Management Inc increased its stake in Terex Corp (TEX) by 0.75% based on its latest 2017Q3 regulatory filing with the SEC. Fuller & Thaler Asset Management Inc bought 9,902 shares as the company’s stock rose 2.25% with the market. The institutional investor held 1.33 million shares of the construction and ag equipment and trucks company at the end of 2017Q3, valued at $60.01M, up from 1.32M at the end of the previous reported quarter. Fuller & Thaler Asset Management Inc who had been investing in Terex Corp for a number of months, seems to be bullish on the $4.10B market cap company. The stock increased 1.20% or $0.58 during the last trading session, reaching $48.8. About 883,513 shares traded. Terex Corporation (NYSE:TEX) has risen 32.26% since January 14, 2017 and is uptrending. It has outperformed by 15.56% the S&P500.

Envestnet Asset Management Inc decreased its stake in Patterson Companies Inc (PDCO) by 72.03% based on its latest 2017Q3 regulatory filing with the SEC. Envestnet Asset Management Inc sold 30,228 shares as the company’s stock declined 2.93% while stock markets rallied. The institutional investor held 11,738 shares of the health care company at the end of 2017Q3, valued at $455,000, down from 41,966 at the end of the previous reported quarter. Envestnet Asset Management Inc who had been investing in Patterson Companies Inc for a number of months, seems to be less bullish one the $3.48 billion market cap company. The stock increased 2.29% or $0.84 during the last trading session, reaching $37.51. About 1.55 million shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 4.97% since January 14, 2017 and is downtrending. It has underperformed by 21.67% the S&P500.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.46, from 0.79 in 2017Q2. It is positive, as 39 investors sold PDCO shares while 102 reduced holdings. 46 funds opened positions while 130 raised stakes. 88.39 million shares or 5.32% more from 83.93 million shares in 2017Q2 were reported. Asset One has 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 140,988 shares. Sfe Counsel accumulated 41,270 shares. Bryn Mawr Tru owns 127,035 shares. Epoch Ptnrs invested in 609,511 shares or 0.08% of the stock. Amp Cap Investors has 23,492 shares. Cornerstone Cap Mngmt Limited Liability invested in 14,117 shares. Cibc Ww Markets accumulated 12,661 shares. Advisory Svcs Network Ltd Company has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO). Toronto Dominion Bancorp accumulated 31,252 shares or 0% of the stock. Kennedy Capital invested 0.06% in Patterson Companies, Inc. (NASDAQ:PDCO). Dnb Asset Management As owns 170,385 shares. Proshare Llc owns 32,096 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corporation holds 0.03% or 69,900 shares. Credit Agricole S A holds 0% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 23,927 shares. Godshalk Welsh Management holds 0.84% or 21,625 shares in its portfolio.

Since October 11, 2017, it had 0 buys, and 1 sale for $27,548 activity.

Envestnet Asset Management Inc, which manages about $60.39B and $41.79B US Long portfolio, upped its stake in Spdr Series Trust by 10,592 shares to 126,458 shares, valued at $11.70 million in 2017Q3, according to the filing. It also increased its holding in Kennametal Inc (NYSE:KMT) by 28,965 shares in the quarter, for a total of 30,205 shares, and has risen its stake in Vanguard Index Fds (VTI).

Analysts await Patterson Companies, Inc. (NASDAQ:PDCO) to report earnings on February, 22. They expect $0.52 earnings per share, down 10.34% or $0.06 from last year’s $0.58 per share. PDCO’s profit will be $48.17 million for 18.03 P/E if the $0.52 EPS becomes a reality. After $0.51 actual earnings per share reported by Patterson Companies, Inc. for the previous quarter, Wall Street now forecasts 1.96% EPS growth.

Among 14 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Patterson Companies Inc. had 33 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) earned “Buy” rating by Robert W. Baird on Wednesday, November 22. The company was initiated on Thursday, October 6 by UBS. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Sell” rating given on Thursday, July 6 by Stifel Nicolaus. The company was upgraded on Tuesday, January 3 by Robert W. Baird. The company was upgraded on Friday, August 25 by UBS. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Buy” rating given on Thursday, July 13 by Credit Suisse. Stifel Nicolaus maintained Patterson Companies, Inc. (NASDAQ:PDCO) rating on Tuesday, October 17. Stifel Nicolaus has “Sell” rating and $34.0 target. As per Tuesday, July 11, the company rating was downgraded by UBS. Craig Hallum maintained Patterson Companies, Inc. (NASDAQ:PDCO) rating on Thursday, August 17. Craig Hallum has “Hold” rating and $41.0 target. Deutsche Bank initiated it with “Hold” rating and $37.0 target in Friday, December 8 report.

Since August 3, 2017, it had 3 buys, and 11 sales for $3.97 million activity. FEARON MATTHEW also sold $494,000 worth of Terex Corporation (NYSE:TEX) on Friday, August 18. On Friday, September 15 Hegarty Kieran sold $653,421 worth of Terex Corporation (NYSE:TEX) or 15,115 shares. 11,000 shares were sold by BARR KEVIN A, worth $424,930 on Wednesday, August 9. 263 shares valued at $12,482 were bought by SHEEHAN JOHN D on Monday, January 8. HENRY BRIAN J had bought 49 shares worth $2,298 on Friday, January 5. FILIPOV STEVE sold $174,436 worth of stock.

Among 21 analysts covering Terex Corporation (NYSE:TEX), 6 have Buy rating, 2 Sell and 13 Hold. Therefore 29% are positive. Terex Corporation had 76 analyst reports since July 22, 2015 according to SRatingsIntel. Robert W. Baird maintained Terex Corporation (NYSE:TEX) on Tuesday, December 19 with “Buy” rating. The firm has “Hold” rating by Barclays Capital given on Tuesday, December 12. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, August 3 report. On Friday, June 9 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Barclays Capital with “Equalweight” on Monday, July 11. The stock of Terex Corporation (NYSE:TEX) earned “Hold” rating by BMO Capital Markets on Tuesday, July 18. The company was maintained on Monday, February 6 by Citigroup. The firm has “Hold” rating given on Friday, April 21 by BMO Capital Markets. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, August 12 report. The stock of Terex Corporation (NYSE:TEX) has “Hold” rating given on Wednesday, September 7 by Deutsche Bank.

Fuller & Thaler Asset Management Inc, which manages about $2.14 billion and $8.17 billion US Long portfolio, decreased its stake in Pebblebrook Hotel Trust (NYSE:PEB) by 368,983 shares to 1.85M shares, valued at $67.04M in 2017Q3, according to the filing. It also reduced its holding in Northrop Grumman Corp (NYSE:NOC) by 4,000 shares in the quarter, leaving it with 1,200 shares, and cut its stake in Dolby Laboratories Inc (NYSE:DLB).

Investors sentiment decreased to 0.63 in 2017 Q3. Its down 0.05, from 0.68 in 2017Q2. It dived, as 19 investors sold TEX shares while 115 reduced holdings. 43 funds opened positions while 42 raised stakes. 79.42 million shares or 6.42% less from 84.87 million shares in 2017Q2 were reported. Northwestern Mutual Wealth Mngmt holds 0% of its portfolio in Terex Corporation (NYSE:TEX) for 390 shares. Ameriprise Finance accumulated 0.01% or 359,072 shares. California Pub Employees Retirement Sys invested 0.02% in Terex Corporation (NYSE:TEX). Centurylink Management Co holds 0.6% or 41,243 shares in its portfolio. Dimensional Fund Advsr Lp holds 5.00 million shares. Valley National Advisers has 0% invested in Terex Corporation (NYSE:TEX). United Service Automobile Association stated it has 0.02% of its portfolio in Terex Corporation (NYSE:TEX). Natixis reported 36,176 shares stake. Glenmede Na, a Pennsylvania-based fund reported 186 shares. Rothschild Corporation Il reported 0.14% in Terex Corporation (NYSE:TEX). Tci Wealth Advisors reported 110 shares. Gamco Investors Et Al invested in 0% or 7,800 shares. Arizona State Retirement System holds 0.03% or 48,160 shares. Manufacturers Life Communication The stated it has 125,008 shares. Teachers Retirement Of The State Of Kentucky holds 21,610 shares or 0.01% of its portfolio.

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