As Kar Auction Svcs (KAR) Share Price Declined, Incline Global Management Boosted Its Stake by $38.98 Million; Bank Pictet & Cie Asia LTD Cut Position in Honeywell Intl (HON) as Share Value Rose

November 15, 2017 - By Dolores Ford

Jeff Lignelli increased its stake in Kar Auction Svcs Inc (KAR) by 235.33% based on its latest 2017Q2 regulatory filing with the SEC. Incline Global Management Llc bought 950,725 shares as the company’s stock declined 7.64% while stock markets rallied. The hedge fund run by Jeff Lignelli held 1.35 million shares of the consumer durables company at the end of 2017Q2, valued at $56.86M, up from 404,000 at the end of the previous reported quarter. Incline Global Management Llc who had been investing in Kar Auction Svcs Inc for a number of months, seems to be bullish on the $6.51 billion market cap company. The stock decreased 0.19% or $0.09 during the last trading session, reaching $48.14. About 3,359 shares traded. KAR Auction Services Inc (NYSE:KAR) has risen 7.49% since November 15, 2016 and is uptrending. It has underperformed by 9.21% the S&P500.

Bank Pictet & Cie Asia Ltd decreased its stake in Honeywell Intl Inc (HON) by 16.68% based on its latest 2017Q2 regulatory filing with the SEC. Bank Pictet & Cie Asia Ltd sold 7,020 shares as the company’s stock rose 5.49% with the market. The institutional investor held 35,075 shares of the o.e.m. company at the end of 2017Q2, valued at $4.68 million, down from 42,095 at the end of the previous reported quarter. Bank Pictet & Cie Asia Ltd who had been investing in Honeywell Intl Inc for a number of months, seems to be less bullish one the $112.23 billion market cap company. The stock declined 1.05% or $1.54 reaching $145.78 per share. About 19,663 shares traded. Honeywell International Inc. (NYSE:HON) has risen 17.66% since November 15, 2016 and is uptrending. It has outperformed by 0.96% the S&P500.




Since May 19, 2017, it had 0 insider buys, and 2 sales for $16.01 million activity. On Monday, May 22 Adams Katherine L. sold $15.28 million worth of Honeywell International Inc. (NYSE:HON) or 116,021 shares. $451,765 worth of Honeywell International Inc. (NYSE:HON) shares were sold by SHEARES BRADLEY T.

Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on January, 26. They expect $1.85 EPS, up 6.32% or $0.11 from last year’s $1.74 per share. HON’s profit will be $1.42B for 19.70 P/E if the $1.85 EPS becomes a reality. After $1.75 actual EPS reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

Investors sentiment decreased to 0.96 in Q2 2017. Its down 0.08, from 1.04 in 2017Q1. It dived, as 58 investors sold HON shares while 492 reduced holdings. 104 funds opened positions while 426 raised stakes. 562.97 million shares or 0.95% less from 568.40 million shares in 2017Q1 were reported. Btr Capital Inc has invested 0.16% in Honeywell International Inc. (NYSE:HON). Dearborn Prns Ltd Liability Co reported 2,644 shares. Mercer Advisers owns 3,157 shares or 0.32% of their US portfolio. Cornerstone Invest Prns Limited Liability reported 440,017 shares. Walter & Keenan Financial Consulting Communications Mi Adv owns 10,300 shares or 0.69% of their US portfolio. Carderock Management Incorporated owns 32,134 shares for 1.93% of their portfolio. Blackrock Incorporated holds 45.04M shares or 0.32% of its portfolio. Bnp Paribas Arbitrage Sa reported 1.05 million shares. Fulton Savings Bank Na holds 0.18% or 17,753 shares in its portfolio. 76,191 are owned by Pittenger Anderson. First Wilshire Securities Mngmt holds 0.08% in Honeywell International Inc. (NYSE:HON) or 2,100 shares. Central Financial Bank Company stated it has 1.32% of its portfolio in Honeywell International Inc. (NYSE:HON). 33,565 are held by Mechanics Bancshares Tru Department. Alphamark Advsr Limited Liability Com holds 0.07% or 1,290 shares in its portfolio. Firsthand Cap Mngmt holds 0.21% or 1,580 shares in its portfolio.

Bank Pictet & Cie Asia Ltd, which manages about $210.54 million US Long portfolio, upped its stake in Nike Inc (NYSE:NKE) by 38,655 shares to 241,700 shares, valued at $14.26M in 2017Q2, according to the filing.

More recent Honeywell International Inc. (NYSE:HON) news were published by: Seekingalpha.com which released: “Honeywell: Margins Are The Real Story Here” on October 27, 2017. Also Seekingalpha.com published the news titled: “Honeywell: More Upside Potential” on October 30, 2017. Bloomberg.com‘s news article titled: “How GE and Honeywell Traded Places” with publication date: November 14, 2017 was also an interesting one.

Among 21 analysts covering Honeywell International Inc. (NYSE:HON), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. Honeywell International Inc. had 76 analyst reports since July 30, 2015 according to SRatingsIntel. Citigroup maintained Honeywell International Inc. (NYSE:HON) on Monday, April 25 with “Buy” rating. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Vertical Research on Friday, October 20. The stock of Honeywell International Inc. (NYSE:HON) earned “Outperform” rating by RBC Capital Markets on Monday, October 19. Citigroup maintained the stock with “Buy” rating in Tuesday, April 19 report. The stock of Honeywell International Inc. (NYSE:HON) has “Neutral” rating given on Monday, April 25 by Credit Suisse. Jefferies maintained the stock with “Buy” rating in Friday, June 30 report. The firm has “Buy” rating given on Friday, July 21 by Oppenheimer. The rating was maintained by Oppenheimer on Thursday, December 17 with “Outperform”. As per Monday, April 24, the company rating was maintained by Credit Suisse. As per Monday, June 6, the company rating was maintained by UBS.

Investors sentiment increased to 1.37 in Q2 2017. Its up 0.11, from 1.26 in 2017Q1. It increased, as 25 investors sold KAR shares while 86 reduced holdings. 49 funds opened positions while 103 raised stakes. 132.02 million shares or 0.58% less from 132.78 million shares in 2017Q1 were reported. Grt Cap Ltd holds 0.18% of its portfolio in KAR Auction Services Inc (NYSE:KAR) for 7,254 shares. Vanguard Gp reported 11.34M shares stake. Incline Glob Ltd Liability Corp reported 1.35 million shares or 4.63% of all its holdings. 94,130 were accumulated by Thrivent For Lutherans. Eventide Asset Mngmt Limited Liability Company invested 1.51% of its portfolio in KAR Auction Services Inc (NYSE:KAR). Advisory Svcs Ltd Llc holds 0% or 198 shares in its portfolio. Baskin Financial Svcs stated it has 144,941 shares or 1.29% of all its holdings. 452,983 were reported by Commercial Bank Of Montreal Can. Aqr Ltd Liability Corp stated it has 0% of its portfolio in KAR Auction Services Inc (NYSE:KAR). Sterling Cap Mgmt Lc invested 0.26% in KAR Auction Services Inc (NYSE:KAR). Balyasny Asset Management Ltd has 0.08% invested in KAR Auction Services Inc (NYSE:KAR). Dupont Cap Management Corporation reported 25,000 shares or 0.02% of all its holdings. First Fincl Bank Of Omaha owns 0.36% invested in KAR Auction Services Inc (NYSE:KAR) for 136,362 shares. Teton reported 36,979 shares. Alpha Windward Lc stated it has 0.01% in KAR Auction Services Inc (NYSE:KAR).

Incline Global Management Llc, which manages about $222.93M and $1.23 billion US Long portfolio, decreased its stake in Mohawk Inds Inc (Call) (NYSE:MHK) by 134,500 shares to 93,500 shares, valued at $22.60 million in 2017Q2, according to the filing. It also reduced its holding in Sherwin Williams Co (NYSE:SHW) by 51,495 shares in the quarter, leaving it with 113,901 shares, and cut its stake in Servicemaster Global Hldgs I (NYSE:SERV).

Among 9 analysts covering KAR Auction Services (NYSE:KAR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. KAR Auction Services had 23 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of KAR Auction Services Inc (NYSE:KAR) earned “Buy” rating by Gabelli on Friday, April 7. The stock of KAR Auction Services Inc (NYSE:KAR) has “Overweight” rating given on Monday, October 30 by JP Morgan. Zacks upgraded it to “Hold” rating and $41 target in Friday, August 21 report. Zacks downgraded KAR Auction Services Inc (NYSE:KAR) on Monday, August 24 to “Buy” rating. The rating was downgraded by Goldman Sachs on Friday, February 12 to “Neutral”. Jefferies initiated the shares of KAR in report on Friday, January 15 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Thursday, August 4. The firm has “Hold” rating by Zacks given on Thursday, August 27. On Monday, September 11 the stock rating was maintained by Jefferies with “Buy”. As per Monday, May 2, the company rating was maintained by Sterne Agee CRT.

More recent KAR Auction Services Inc (NYSE:KAR) news were published by: Globenewswire.com which released: “KAR Auction Services, Inc. Reports Third Quarter 2017 Financial Results” on October 31, 2017. Also Globenewswire.com published the news titled: “KAR Auction Services, Inc. to Announce Third Quarter 2017 Earnings” on October 19, 2017. Seekingalpha.com‘s news article titled: “KAR Auction Services (KAR) Q3 2017 Results – Earnings Call Transcript” with publication date: November 01, 2017 was also an interesting one.

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