Edgepoint Investment Group Lowered Holding in Generac Hldgs (GNRC) by $2.88 Million; Barrett Asset Management Has Boosted Its Holding in State Str Com (STT) as Share Value Declined

July 18, 2018 - By Mary Bollinger

State Street Corporation (NYSE:STT) Logo

Barrett Asset Management Llc increased its stake in State Str Corp Com (STT) by 3.65% based on its latest 2018Q1 regulatory filing with the SEC. Barrett Asset Management Llc bought 6,735 shares as the company’s stock declined 5.94% with the market. The institutional investor held 191,230 shares of the major banks company at the end of 2018Q1, valued at $19.07 million, up from 184,495 at the end of the previous reported quarter. Barrett Asset Management Llc who had been investing in State Str Corp Com for a number of months, seems to be bullish on the $34.87B market cap company. The stock increased 2.12% or $1.98 during the last trading session, reaching $95.43. About 449,746 shares traded. State Street Corporation (NYSE:STT) has risen 22.32% since July 18, 2017 and is uptrending. It has outperformed by 9.75% the S&P500. Some Historical STT News: 04/05/2018 – FORMER STATE STREET STT.N EXECUTIVE ARRESTED, ACCUSED BY U.S. OF SCHEME TO DEFRAUD INSURANCE COMPANY; 07/05/2018 – State Street Global Advisors Appoints Sue Thompson as Head of Americas Distribution for SPDR ETFs; 20/04/2018 – State Street 1Q Rev $3.02B; 23/04/2018 – FITCH: STATE STREET’S 1Q18 EARNINGS BOOSTED BY BUSINESS MOMENTUM AND HIGHER INTEREST RATES; 01/05/2018 – State Street CEO Discusses Long Term Investing and ETFs (Video); 24/05/2018 – State Street Chief Financial Officer to Speak at the Deutsche Bank 8th Annual Global Financial Services Conference; 19/04/2018 – BlackRock wants regulators to address unequal voting rights; 29/05/2018 – GlobalCapital Names State Street Global Advisors ‘; 06/03/2018 – State Street Embraces New Investment Paradigm, Launches lnvestable Indices; 15/05/2018 – State Street Corporation Buys New 3.9% Position in Aptiv

Edgepoint Investment Group Inc decreased its stake in Generac Hldgs Inc (GNRC) by 0.71% based on its latest 2018Q1 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 64,043 shares as the company’s stock rose 6.15% while stock markets declined. The institutional investor held 8.93 million shares of the metal fabrications company at the end of 2018Q1, valued at $409.76M, down from 8.99M at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Generac Hldgs Inc for a number of months, seems to be less bullish one the $3.13B market cap company. The stock increased 0.26% or $0.13 during the last trading session, reaching $50.55. About 87,240 shares traded. Generac Holdings Inc. (NYSE:GNRC) has risen 41.12% since July 18, 2017 and is uptrending. It has outperformed by 28.55% the S&P500.

Since February 15, 2018, it had 0 insider purchases, and 14 insider sales for $10.45 million activity. $114,614 worth of State Street Corporation (NYSE:STT) was sold by Erickson Andrew. Shares for $154,665 were sold by Schaefer Elizabeth on Monday, February 26. The insider Keenan Karen C sold $734,786. Kuritzkes Andrew P sold $1.04 million worth of State Street Corporation (NYSE:STT) on Thursday, February 15. 25,000 shares valued at $2.55 million were sold by HOOLEY JOSEPH L on Tuesday, May 15. Grove Hannah M sold $570,732 worth of State Street Corporation (NYSE:STT) on Tuesday, May 15.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.09, from 0.96 in 2017Q4. It fall, as 29 investors sold STT shares while 287 reduced holdings. 66 funds opened positions while 210 raised stakes. 310.21 million shares or 0.79% less from 312.70 million shares in 2017Q4 were reported. 3,637 are held by Bb&T. Gulf Intl Bancorp (Uk) Ltd invested 0.15% of its portfolio in State Street Corporation (NYSE:STT). Eastern State Bank holds 0.88% or 126,660 shares in its portfolio. Korea Invest invested in 0.12% or 269,096 shares. Laurion Cap Management Lp holds 17,610 shares or 0.01% of its portfolio. Tci Wealth Advsr Inc holds 483 shares. Employees Retirement Sys Of Ohio accumulated 298,956 shares. First Manhattan reported 8,304 shares. First Republic Invest Management Incorporated has 112,289 shares. Caprock Group accumulated 5,061 shares or 0.11% of the stock. Arga Invest Limited Partnership reported 0.38% of its portfolio in State Street Corporation (NYSE:STT). State Board Of Administration Of Florida Retirement Sys accumulated 530,102 shares. High Pointe Cap Limited Liability reported 1.01% in State Street Corporation (NYSE:STT). Eaton Vance has invested 0.29% in State Street Corporation (NYSE:STT). Carroll Associates holds 3,847 shares or 0.04% of its portfolio.

Barrett Asset Management Llc, which manages about $1.48 billion and $1.41 billion US Long portfolio, decreased its stake in Facebook Inc Cl A (NASDAQ:FB) by 34,835 shares to 229,528 shares, valued at $36.68M in 2018Q1, according to the filing. It also reduced its holding in Automatic Data Processing In C (NASDAQ:ADP) by 5,009 shares in the quarter, leaving it with 267,752 shares, and cut its stake in Bank New York Mellon Corp Com (NYSE:BK).

Among 19 analysts covering State Street Corporation (NYSE:STT), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. State Street Corporation had 85 analyst reports since July 28, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of STT in report on Wednesday, July 26 with “Hold” rating. The stock has “Hold” rating by Sandler O’Neill on Monday, April 9. The stock of State Street Corporation (NYSE:STT) earned “Equal-Weight” rating by Morgan Stanley on Monday, July 2. Jefferies downgraded the shares of STT in report on Tuesday, April 11 to “Hold” rating. The rating was maintained by Bank of America on Wednesday, January 24 with “Neutral”. Argus Research downgraded the stock to “Hold” rating in Thursday, January 26 report. As per Friday, September 9, the company rating was maintained by Deutsche Bank. As per Monday, November 14, the company rating was upgraded by Morgan Stanley. On Tuesday, September 6 the stock rating was downgraded by Sandler O’Neill to “Hold”. Deutsche Bank maintained the stock with “Hold” rating in Thursday, March 17 report.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.34, from 1.11 in 2017Q4. It dived, as 21 investors sold GNRC shares while 94 reduced holdings. 31 funds opened positions while 57 raised stakes. 59.49 million shares or 1.98% less from 60.69 million shares in 2017Q4 were reported. 800,865 are owned by Northern. 4,603 are owned by Sg Americas Securities Ltd Co. Northwestern Mutual Wealth Management holds 0% of its portfolio in Generac Holdings Inc. (NYSE:GNRC) for 77 shares. Principal Grp Incorporated reported 0% stake. Dreman Value Mgmt L L C, a Florida-based fund reported 8,753 shares. Foundry Ptnrs Limited Liability Com holds 0.62% of its portfolio in Generac Holdings Inc. (NYSE:GNRC) for 315,580 shares. Tiverton Asset Lc accumulated 14,816 shares. Alps Incorporated accumulated 10,337 shares or 0% of the stock. Associated Banc holds 7,278 shares or 0.02% of its portfolio. Raymond James Financial Service Advsr holds 0% in Generac Holdings Inc. (NYSE:GNRC) or 4,599 shares. Peak6 Ltd Partnership reported 5,690 shares. Renaissance Technologies Ltd Limited Liability Company holds 282,600 shares or 0.01% of its portfolio. Menta Ltd Liability Company stated it has 5,300 shares or 0.05% of all its holdings. Rhumbline Advisers holds 57,416 shares or 0.01% of its portfolio. Citigroup reported 0% in Generac Holdings Inc. (NYSE:GNRC).

More recent Generac Holdings Inc. (NYSE:GNRC) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Applied Materials, BioCryst, Costco, Generac, Goodyear, Intel, Microsoft …” on July 17, 2018. Also Benzinga.com published the news titled: “Goldman Sachs Turns Cautious On Machinery Stocks” on July 17, 2018. Seekingalpha.com‘s news article titled: “Manitowoc, Generac downgraded to Sell at Goldman” with publication date: July 17, 2018 was also an interesting one.

Edgepoint Investment Group Inc, which manages about $7.03 billion US Long portfolio, upped its stake in Te Connectivity Ltd (NYSE:TEL) by 507,853 shares to 4.90M shares, valued at $489.84 million in 2018Q1, according to the filing. It also increased its holding in Realogy Hldgs Corp (NYSE:RLGY) by 1.55M shares in the quarter, for a total of 13.46M shares, and has risen its stake in Granite Real Estate Invt Tr.

Among 11 analysts covering Generac Holdings (NYSE:GNRC), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Generac Holdings had 34 analyst reports since August 7, 2015 according to SRatingsIntel. As per Monday, September 11, the company rating was maintained by Canaccord Genuity. The firm earned “Overweight” rating on Monday, October 2 by KeyBanc Capital Markets. On Friday, January 13 the stock rating was downgraded by Bank of America to “Underperform”. Stifel Nicolaus maintained Generac Holdings Inc. (NYSE:GNRC) rating on Friday, September 8. Stifel Nicolaus has “Hold” rating and $41.0 target. Bank of America upgraded it to “Hold” rating and $45.0 target in Thursday, September 7 report. The stock of Generac Holdings Inc. (NYSE:GNRC) has “Hold” rating given on Wednesday, February 15 by Canaccord Genuity. The company was maintained on Thursday, August 3 by Oppenheimer. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Sell” rating by Goldman Sachs on Tuesday, July 17. The stock has “Hold” rating by Stifel Nicolaus on Thursday, August 3. The rating was upgraded by Bank of America on Monday, March 14 to “Buy”.

Generac Holdings Inc. (NYSE:GNRC) Institutional Positions Chart

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