Choate Investment Advisors Position in Thermo Fisher Scientific (TMO) Has Lowered by $14.24 Million; Petroleo Brasileiro Sa Petro (PBR) Share Price Rose While Discovery Capital Management Cut Its Holding by $71.98 Million

April 21, 2018 - By Marguerite Chambers

Thermo Fisher Scientific Inc. (NYSE:TMO) Logo

Rob Citrone decreased its stake in Petroleo Brasileiro Sa Petro (PBR) by 59.44% based on its latest 2017Q4 regulatory filing with the SEC. Discovery Capital Management Llc sold 7.20M shares as the company’s stock rose 39.74% while stock markets declined. The hedge fund run by Rob Citrone held 4.91 million shares of the oil & gas production company at the end of 2017Q4, valued at $50.54M, down from 12.11 million at the end of the previous reported quarter. Discovery Capital Management Llc who had been investing in Petroleo Brasileiro Sa Petro for a number of months, seems to be less bullish one the $92.74B market cap company. The stock decreased 0.56% or $0.08 during the last trading session, reaching $14.3. About 11.92 million shares traded. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has risen 52.40% since April 21, 2017 and is uptrending. It has outperformed by 40.85% the S&P500.

Choate Investment Advisors decreased its stake in Thermo Fisher Scientific Inc (TMO) by 2.27% based on its latest 2017Q4 regulatory filing with the SEC. Choate Investment Advisors sold 75 shares as the company’s stock rose 8.51% while stock markets declined. The institutional investor held 3,230 shares of the industrial machinery and components company at the end of 2017Q4, valued at $613.31M, down from 3,305 at the end of the previous reported quarter. Choate Investment Advisors who had been investing in Thermo Fisher Scientific Inc for a number of months, seems to be less bullish one the $86.86B market cap company. The stock decreased 0.51% or $1.1 during the last trading session, reaching $215.89. About 1.38M shares traded. Thermo Fisher Scientific Inc. (NYSE:TMO) has risen 33.66% since April 21, 2017 and is uptrending. It has outperformed by 22.11% the S&P500.

Among 19 analysts covering Thermo Fisher Scientific (NYSE:TMO), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. Thermo Fisher Scientific had 62 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies downgraded the shares of TMO in report on Friday, April 29 to “Hold” rating. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) has “Buy” rating given on Friday, July 22 by BTIG Research. The rating was maintained by Leerink Swann with “Outperform” on Monday, October 9. Barclays Capital maintained Thermo Fisher Scientific Inc. (NYSE:TMO) rating on Tuesday, July 19. Barclays Capital has “Overweight” rating and $175 target. The rating was maintained by Jefferies with “Hold” on Tuesday, June 6. The firm has “Overweight” rating given on Thursday, September 22 by JP Morgan. The firm has “Buy” rating by Evercore given on Wednesday, January 3. Stifel Nicolaus maintained Thermo Fisher Scientific Inc. (NYSE:TMO) on Monday, January 11 with “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Thursday, February 1. Goldman Sachs initiated it with “Buy” rating and $225.0 target in Tuesday, September 26 report.

Since December 15, 2017, it had 0 insider buys, and 8 selling transactions for $37.14 million activity. Williamson Stephen sold 5,000 shares worth $1.05 million. CASPER MARC N sold $16.94M worth of stock or 80,000 shares. 6,000 Thermo Fisher Scientific Inc. (NYSE:TMO) shares with value of $1.31M were sold by Durbin Patrick M. The insider Herrema Gregory J. sold $7.32 million.

Choate Investment Advisors, which manages about $3.44 billion and $1954.06 billion US Long portfolio, upped its stake in Ishares Core S&P 500 Etf (IVV) by 17,975 shares to 1.94 million shares, valued at $520.30B in 2017Q4, according to the filing. It also increased its holding in Nvidia Corp (NASDAQ:NVDA) by 105 shares in the quarter, for a total of 5,904 shares, and has risen its stake in Illinois Tool Wks Inc (NYSE:ITW).

Analysts await Thermo Fisher Scientific Inc. (NYSE:TMO) to report earnings on April, 25 before the open. They expect $2.42 EPS, up 16.35% or $0.34 from last year’s $2.08 per share. TMO’s profit will be $973.62 million for 22.30 P/E if the $2.42 EPS becomes a reality. After $2.79 actual EPS reported by Thermo Fisher Scientific Inc. for the previous quarter, Wall Street now forecasts -13.26% negative EPS growth.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.05, from 0.96 in 2017Q3. It fall, as 43 investors sold TMO shares while 410 reduced holdings. 93 funds opened positions while 319 raised stakes. 335.65 million shares or 0.74% more from 333.20 million shares in 2017Q3 were reported. Gamco Investors Et Al holds 0.05% in Thermo Fisher Scientific Inc. (NYSE:TMO) or 45,275 shares. Northeast Inv Mngmt invested 1.92% in Thermo Fisher Scientific Inc. (NYSE:TMO). 19,395 are owned by Mufg Americas Corp. Profund Ltd Liability Company reported 14,215 shares. Livingston Group Asset Management (Operating As Southport Cap Management) holds 0.34% in Thermo Fisher Scientific Inc. (NYSE:TMO) or 4,650 shares. Keating Inv Counselors owns 27,350 shares or 2.21% of their US portfolio. 4,426 were reported by First Allied Advisory Inc. Invesco Ltd stated it has 0.13% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO). 15,830 are held by Laffer Invs. Btim Corp reported 2,663 shares. Harvest Ltd stated it has 0.23% in Thermo Fisher Scientific Inc. (NYSE:TMO). First Interstate Savings Bank invested in 182 shares or 0.01% of the stock. Conning holds 0.07% or 10,888 shares. Comerica State Bank holds 0.22% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO) for 153,173 shares. Aqr Cap Mngmt Limited Liability invested in 0.08% or 386,566 shares.

Analysts await Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to report earnings on May, 10. They expect $0.25 EPS, up 13.64% or $0.03 from last year’s $0.22 per share. PBR’s profit will be $1.62 billion for 14.30 P/E if the $0.25 EPS becomes a reality. After $0.20 actual EPS reported by Petróleo Brasileiro S.A. – Petrobras for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Discovery Capital Management Llc, which manages about $37.50B and $3.23 billion US Long portfolio, upped its stake in Grupo Financiero Galicia S A (NASDAQ:GGAL) by 521,936 shares to 1.94 million shares, valued at $128.02M in 2017Q4, according to the filing. It also increased its holding in Mbia Inc (NYSE:MBI) by 1.40M shares in the quarter, for a total of 3.17 million shares, and has risen its stake in Bitauto Hldgs Ltd (NYSE:BITA).

Thermo Fisher Scientific Inc. (NYSE:TMO) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>