Rhumbline Advisers Has Lowered Holding in Packaging Amer Com Isin (PKG) as Stock Rose; Somerville Kurt F Cut Its Stake in Automatic Data Processing (ADP) by $564,620 as Stock Value Declined

January 14, 2018 - By Winifred Garcia

Somerville Kurt F decreased its stake in Automatic Data Processing (ADP) by 2.9% based on its latest 2017Q3 regulatory filing with the SEC. Somerville Kurt F sold 5,180 shares as the company’s stock declined 1.06% while stock markets rallied. The institutional investor held 173,632 shares of the technology company at the end of 2017Q3, valued at $18.98M, down from 178,812 at the end of the previous reported quarter. Somerville Kurt F who had been investing in Automatic Data Processing for a number of months, seems to be less bullish one the $52.54 billion market cap company. The stock increased 1.10% or $1.29 during the last trading session, reaching $118.47. About 1.64 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since January 14, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Rhumbline Advisers decreased its stake in Packaging Corp Amer Com Isin (PKG) by 7.12% based on its latest 2017Q3 regulatory filing with the SEC. Rhumbline Advisers sold 15,702 shares as the company’s stock rose 4.29% with the market. The institutional investor held 204,700 shares of the containers and packaging company at the end of 2017Q3, valued at $23.48M, down from 220,402 at the end of the previous reported quarter. Rhumbline Advisers who had been investing in Packaging Corp Amer Com Isin for a number of months, seems to be less bullish one the $12.02 billion market cap company. The stock decreased 0.71% or $0.92 during the last trading session, reaching $128.32. About 535,861 shares traded. Packaging Corporation of America (NYSE:PKG) has risen 54.92% since January 14, 2017 and is uptrending. It has outperformed by 38.22% the S&P500.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 49 analyst reports since August 3, 2015 according to SRatingsIntel. On Thursday, August 3 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm has “Neutral” rating given on Friday, October 13 by Bank of America. The rating was initiated by Compass Point on Friday, April 15 with “Sell”. The firm has “Equal-Weight” rating given on Tuesday, November 14 by Morgan Stanley. As per Friday, November 3, the company rating was maintained by BMO Capital Markets. Evercore upgraded Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, July 31 to “In-Line” rating. The company was initiated on Tuesday, December 20 by Barclays Capital. The firm earned “Hold” rating on Tuesday, September 12 by BMO Capital Markets. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Buy” rating by Bank of America on Tuesday, December 5. The firm has “Outperform” rating given on Monday, July 11 by Bernstein.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on February, 7. They expect $0.89 EPS, up 2.30% or $0.02 from last year’s $0.87 per share. ADP’s profit will be $394.70 million for 33.28 P/E if the $0.89 EPS becomes a reality. After $0.91 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.

Somerville Kurt F, which manages about $501.32 million US Long portfolio, upped its stake in Fortive Corp by 15,569 shares to 48,938 shares, valued at $3.46M in 2017Q3, according to the filing. It also increased its holding in Home Depot (NYSE:HD) by 2,041 shares in the quarter, for a total of 63,784 shares, and has risen its stake in Analog Devices (NASDAQ:ADI).

Investors sentiment decreased to 0.68 in 2017 Q3. Its down 0.09, from 0.77 in 2017Q2. It dropped, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. 342.26 million shares or 3.77% less from 355.68 million shares in 2017Q2 were reported. Citigroup Incorporated has invested 0.1% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Tudor Investment Corporation Et Al reported 0.03% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Howland Capital Management Llc invested 0.84% in Automatic Data Processing, Inc. (NASDAQ:ADP). Scotia Cap Inc reported 0.03% in Automatic Data Processing, Inc. (NASDAQ:ADP). Epoch Inc holds 0.1% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 271,969 shares. Boston Private Wealth Limited Liability Co stated it has 0.89% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Evanson Asset Management Ltd Com stated it has 0.05% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Halsey Assocs Ct stated it has 0.4% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Court Place Lc holds 3.66% or 75,182 shares. Compton Capital Mngmt Ri reported 9,344 shares. Orca Invest Mngmt Limited Liability, a Oregon-based fund reported 4,958 shares. Canandaigua Fincl Bank owns 7,538 shares. Alphaone Investment Limited Liability Corp owns 0.03% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 1,036 shares. Lodestar Invest Counsel Ltd Liability Company Il holds 8,576 shares. Dodge & Cox invested in 0% or 1,950 shares.

Since September 1, 2017, it had 0 insider buys, and 19 selling transactions for $30.33 million activity. $2.42 million worth of stock was sold by Politi Douglas W on Monday, January 1. $184,720 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) shares were sold by Dyson Deborah L. Shares for $390,267 were sold by Albinson Brock on Friday, September 1. Siegmund Jan sold $5.68M worth of stock or 48,989 shares. Ayala John also sold $729,738 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Friday, September 1. Bonarti Michael A sold $452,517 worth of stock.

Since September 12, 2017, it had 0 buys, and 2 selling transactions for $1.43 million activity. Hassfurther Thomas A had sold 6,000 shares worth $707,640 on Tuesday, September 12.

Among 15 analysts covering Packaging Corporation of America (NYSE:PKG), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Packaging Corporation of America had 51 analyst reports since July 23, 2015 according to SRatingsIntel. As per Tuesday, November 22, the company rating was downgraded by Deutsche Bank. The rating was maintained by Stephens with “Buy” on Wednesday, January 10. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, November 15 report. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 10. The rating was upgraded by Argus Research to “Buy” on Monday, April 25. On Monday, October 26 the stock rating was maintained by Barclays Capital with “Equal Weight”. The firm has “Outperform” rating given on Wednesday, February 1 by CLSA. The stock has “Buy” rating by Jefferies on Thursday, April 13. The stock of Packaging Corporation of America (NYSE:PKG) has “Sell” rating given on Thursday, September 22 by Goldman Sachs. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 30.

Analysts await Packaging Corporation of America (NYSE:PKG) to report earnings on January, 29. They expect $1.51 EPS, up 22.76% or $0.28 from last year’s $1.23 per share. PKG’s profit will be $141.42 million for 21.25 P/E if the $1.51 EPS becomes a reality. After $1.68 actual EPS reported by Packaging Corporation of America for the previous quarter, Wall Street now forecasts -10.12% negative EPS growth.

Rhumbline Advisers, which manages about $34.12 billion and $45.99B US Long portfolio, upped its stake in Liberty Broadband Co by 5,745 shares to 123,025 shares, valued at $11.72M in 2017Q3, according to the filing. It also increased its holding in Hubbell Inc by 11,074 shares in the quarter, for a total of 127,491 shares, and has risen its stake in Aqua Amer Inc Com (NYSE:WTR).

Investors sentiment increased to 1.31 in Q3 2017. Its up 0.51, from 0.8 in 2017Q2. It increased, as 29 investors sold PKG shares while 146 reduced holdings. 92 funds opened positions while 138 raised stakes. 82.08 million shares or 1.51% more from 80.86 million shares in 2017Q2 were reported. Oppenheimer & invested in 6,128 shares. Logan Mngmt Incorporated owns 3,955 shares for 0.03% of their portfolio. Hsbc Holding Plc accumulated 0.01% or 72,677 shares. State Of Alaska Department Of Revenue has 0.09% invested in Packaging Corporation of America (NYSE:PKG) for 15,740 shares. Advantus Capital holds 9,575 shares or 0.03% of its portfolio. 300 are held by Mcf Limited Liability. Lpl Fincl Limited holds 5,205 shares or 0% of its portfolio. Moreover, Fund has 0.08% invested in Packaging Corporation of America (NYSE:PKG) for 99,193 shares. Nordea Investment Mngmt Ab reported 4,179 shares. First Natl Communications reported 4,458 shares. Covington reported 700 shares or 0.01% of all its holdings. First Eagle Invest Mngmt Limited Liability Corp stated it has 0.54% of its portfolio in Packaging Corporation of America (NYSE:PKG). The California-based Menta Limited Liability Corporation has invested 0.14% in Packaging Corporation of America (NYSE:PKG). Mitsubishi Ufj And Bk Corp has 222,867 shares. Iridian Asset Mgmt Ltd Company Ct reported 1.47 million shares.

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