As Stantec (STN) Shares Declined, Van Berkom & Associates Boosted Holding; Amerisourcebergen (ABC) Holding Maintained by Westpac Banking Corp

October 23, 2017 - By Michael Collier

Westpac Banking Corp increased its stake in Amerisourcebergen Corp (ABC) by 23.97% based on its latest 2017Q2 regulatory filing with the SEC. Westpac Banking Corp bought 2,167 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 11,206 shares of the other pharmaceuticals company at the end of 2017Q2, valued at $1.06B, up from 9,039 at the end of the previous reported quarter. Westpac Banking Corp who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $18.08B market cap company. The stock decreased 0.82% or $0.68 during the last trading session, reaching $82.53. About 1.12 million shares traded. AmerisourceBergen Corp. (NYSE:ABC) has risen 18.80% since October 23, 2016 and is uptrending. It has outperformed by 2.10% the S&P500.

Van Berkom & Associates Inc increased its stake in Stantec Inc (STN) by 1.09% based on its latest 2017Q2 regulatory filing with the SEC. Van Berkom & Associates Inc bought 14,050 shares as the company’s stock declined 16.73% while stock markets rallied. The institutional investor held 1.31M shares of the military and government and technical company at the end of 2017Q2, valued at $32.85M, up from 1.29 million at the end of the previous reported quarter. Van Berkom & Associates Inc who had been investing in Stantec Inc for a number of months, seems to be bullish on the $3.21 billion market cap company. The stock decreased 1.23% or $0.35 on October 23, reaching $28.2. About 37,271 shares traded or 98.90% up from the average. Stantec Inc. (USA) (NYSE:STN) has declined 7.10% since October 23, 2016 and is downtrending. It has underperformed by 23.80% the S&P500.




Another recent and important AmerisourceBergen Corp. (NYSE:ABC) news was published by Nasdaq.com which published an article titled: “Allen Investment Management LLC Buys ServiceNow Inc, Lowe’s Inc …” on September 22, 2017.

Westpac Banking Corp, which manages about $4.54 billion US Long portfolio, decreased its stake in Alexander & Baldwin Inc New (NYSE:ALEX) by 11,300 shares to 20,900 shares, valued at $864.84 million in 2017Q2, according to the filing. It also reduced its holding in Stag Indl Inc (NYSE:STAG) by 111,181 shares in the quarter, leaving it with 46,708 shares, and cut its stake in Travelers Companies Inc (NYSE:TRV).

Among 17 analysts covering AmerisourceBergen (NYSE:ABC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. AmerisourceBergen had 49 analyst reports since July 27, 2015 according to SRatingsIntel. Morgan Stanley downgraded the stock to “Underweight” rating in Friday, October 2 report. The stock of AmerisourceBergen Corp. (NYSE:ABC) earned “Outperform” rating by RBC Capital Markets on Friday, February 5. Zacks downgraded the stock to “Buy” rating in Thursday, August 27 report. The rating was upgraded by Cowen & Co on Tuesday, October 10 to “Outperform”. The company was maintained on Monday, August 7 by Leerink Swann. The stock of AmerisourceBergen Corp. (NYSE:ABC) has “Buy” rating given on Thursday, September 17 by Zacks. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, May 6. Mizuho maintained the shares of ABC in report on Thursday, August 11 with “Neutral” rating. The stock has “Hold” rating by Jefferies on Wednesday, June 21. The company was maintained on Tuesday, August 29 by Jefferies.

Investors sentiment increased to 1.6 in 2017 Q2. Its up 0.72, from 0.88 in 2017Q1. It is positive, as 6 investors sold STN shares while 24 reduced holdings. 7 funds opened positions while 41 raised stakes. 64.45 million shares or 3.40% less from 66.72 million shares in 2017Q1 were reported. Grandeur Peak Global Advsrs Ltd Liability Co accumulated 1.58 million shares. Moreover, Sei Investments has 0% invested in Stantec Inc. (USA) (NYSE:STN) for 23 shares. Connor Clark Lunn Invest Limited owns 220,212 shares. Moreover, Schroder Invest Gru has 0% invested in Stantec Inc. (USA) (NYSE:STN) for 5,000 shares. 1832 Asset Management LP has 0.43% invested in Stantec Inc. (USA) (NYSE:STN) for 3.81 million shares. Massachusetts Financial Svcs Ma reported 1.10 million shares. Td Asset Incorporated holds 0.04% of its portfolio in Stantec Inc. (USA) (NYSE:STN) for 916,340 shares. Fiera Capital has 0.34% invested in Stantec Inc. (USA) (NYSE:STN) for 2.81 million shares. 320 are owned by Pnc Services Grp. Intact Invest Mngmt owns 0.81% invested in Stantec Inc. (USA) (NYSE:STN) for 561,000 shares. Teachers Retirement Of The State Of Kentucky holds 0.09% of its portfolio in Stantec Inc. (USA) (NYSE:STN) for 292,400 shares. Financial Bank Of Nova Scotia Tru holds 0.05% of its portfolio in Stantec Inc. (USA) (NYSE:STN) for 18,645 shares. Rock Point Advsr Ltd Co invested in 141,282 shares. Goldman Sachs Inc accumulated 73,374 shares or 0% of the stock. Great West Life Assurance Can holds 0.05% in Stantec Inc. (USA) (NYSE:STN) or 679,018 shares.

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