Rosenblum Silverman Sutton S F Cut Acuity Brands (AYI) Holding as Valuation Declined; Cambridge Associates Has Decreased United Technologies (UTX) Stake by $2.02 Million as Stock Rose

November 15, 2017 - By Peter Erickson

Rosenblum Silverman Sutton S F Inc decreased its stake in Acuity Brands Inc. (AYI) by 31.72% based on its latest 2017Q2 regulatory filing with the SEC. Rosenblum Silverman Sutton S F Inc sold 6,838 shares as the company’s stock declined 23.17% while stock markets rallied. The institutional investor held 14,720 shares of the building products company at the end of 2017Q2, valued at $2.99M, down from 21,558 at the end of the previous reported quarter. Rosenblum Silverman Sutton S F Inc who had been investing in Acuity Brands Inc. for a number of months, seems to be less bullish one the $6.91 billion market cap company. The stock increased 0.01% or $0.01 on November 14, reaching $164.31. About 1,067 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since November 15, 2016 and is downtrending. It has underperformed by 47.88% the S&P500.

Cambridge Associates Llc decreased its stake in United Technologies Corp (UTX) by 48.69% based on its latest 2017Q2 regulatory filing with the SEC. Cambridge Associates Llc sold 16,556 shares as the company’s stock rose 8.03% with the market. The institutional investor held 17,445 shares of the aerospace company at the end of 2017Q2, valued at $2.13 million, down from 34,001 at the end of the previous reported quarter. Cambridge Associates Llc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $94.87 billion market cap company. The stock declined 1.85% or $2.2 reaching $116.6 per share. About 19,390 shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since November 15, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.




Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 earnings per share, 0.00% or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.27 billion for 18.69 P/E if the $1.56 EPS becomes a reality. After $1.73 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83% negative EPS growth.

Cambridge Associates Llc, which manages about $96.15B and $633.07 million US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VWO) by 43,812 shares to 838,891 shares, valued at $34.25M in 2017Q2, according to the filing. It also increased its holding in Vanguard Index Fds (VUG) by 103,068 shares in the quarter, for a total of 144,095 shares, and has risen its stake in Vanguard Tax (VEA).

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.03, from 0.98 in 2017Q1. It turned negative, as 39 investors sold UTX shares while 553 reduced holdings. 112 funds opened positions while 451 raised stakes. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. Godsey And Gibb Assocs stated it has 118,292 shares or 2.53% of all its holdings. Jane Street Ltd Company accumulated 19,297 shares or 0.01% of the stock. Acropolis Inv Lc accumulated 9,327 shares or 0.19% of the stock. East Coast Asset Ltd Com stated it has 0.25% of its portfolio in United Technologies Corporation (NYSE:UTX). Asset Management stated it has 15,321 shares or 0.34% of all its holdings. Oklahoma-based Trust Of Oklahoma has invested 0% in United Technologies Corporation (NYSE:UTX). Moreover, Miles Cap Inc has 0.12% invested in United Technologies Corporation (NYSE:UTX). Artisan Prns Lp holds 2.31 million shares or 0.53% of its portfolio. 4,383 are owned by Bancorpsouth. 3.73 million are owned by Legal General Group Pcl. 1,776 were reported by Assetmark Incorporated. Conning Inc invested 1.08% in United Technologies Corporation (NYSE:UTX). Cambridge Tru has 0.12% invested in United Technologies Corporation (NYSE:UTX) for 14,244 shares. Mitsubishi Ufj Banking owns 0.37% invested in United Technologies Corporation (NYSE:UTX) for 1.56M shares. Lmr Limited Liability Partnership holds 20,272 shares.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Nasdaq.com which released: “Low Revenues to Hurt United Technologies (UTX) Q3 Earnings?” on October 20, 2017, also Wsj.com with their article: “United Technologies’ Profit Falls Amid Jet-Engine Production Problems” published on October 24, 2017, Nasdaq.com published: “United Technologies (UTX) Beats on Q3 Earnings & Revenues” on October 24, 2017. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Prnewswire.com and their article: “University of Redlands Announces Collaboration With United Technologies …” published on October 26, 2017 as well as Prnewswire.com‘s news article titled: “UTC Reports Third Quarter 2017 Results, Raises 2017 Outlook” with publication date: October 24, 2017.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 6 have Buy rating, 0 Sell and 15 Hold. Therefore 29% are positive. United Technologies Corporation had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Wednesday, October 21 report. As per Monday, August 28, the company rating was maintained by Jefferies. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Thursday, January 12. RBC Capital Markets has “Sector Perform” rating and $118 target. HSBC initiated United Technologies Corporation (NYSE:UTX) rating on Monday, June 12. HSBC has “Hold” rating and $12500 target. CItigroup downgraded the stock to “Neutral” rating in Monday, October 10 report. The firm has “Hold” rating by Stifel Nicolaus given on Friday, January 27. The firm has “Neutral” rating by JP Morgan given on Thursday, October 8. On Tuesday, July 21 the stock rating was upgraded by S&P Research to “Buy”. Cowen & Co upgraded it to “Outperform” rating and $119 target in Thursday, July 23 report. RBC Capital Markets downgraded the shares of UTX in report on Tuesday, May 3 to “Sector Perform” rating.

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.06, from 0.91 in 2017Q1. It is negative, as 61 investors sold AYI shares while 138 reduced holdings. 48 funds opened positions while 121 raised stakes. 44.26 million shares or 0.54% more from 44.02 million shares in 2017Q1 were reported. Employees Retirement Association Of Colorado has invested 0.01% in Acuity Brands, Inc. (NYSE:AYI). 4,800 were reported by Sector Pension Inv Board. Cambridge Trust holds 0.05% or 3,696 shares in its portfolio. Carroll Associates stated it has 221 shares. Ariel Invests Lc accumulated 0.02% or 8,486 shares. Texas Permanent School Fund reported 12,392 shares stake. Sg Americas Securities Ltd Co has invested 0.03% in Acuity Brands, Inc. (NYSE:AYI). 4,924 were accumulated by Boston Private Wealth Llc. The Ontario – Canada-based 1832 Asset Ltd Partnership has invested 0.01% in Acuity Brands, Inc. (NYSE:AYI). Qs Investors Ltd Co owns 588 shares. 6,330 were reported by Cim Inv Mangement Incorporated. Td Asset Management reported 39,390 shares stake. Artisan Prtnrs Partnership holds 0.45% or 1.18M shares. Assetmark invested 0% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Moreover, Agf has 0.01% invested in Acuity Brands, Inc. (NYSE:AYI) for 3,968 shares.

More notable recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Globenewswire.com which released: “LocusLabs to Expand Capabilities of LocusMaps Mapping Application with the …” on October 17, 2017, also Nasdaq.com with their article: “Acuity Brands is Now Oversold (AYI)” published on October 25, 2017, Nasdaq.com published: “Acuity Brands, Inc. To Present at Baird’s 2017 Global Industrial Conference on …” on November 02, 2017. More interesting news about Acuity Brands, Inc. (NYSE:AYI) were released by: Nasdaq.com and their article: “Acuity Brands Inc (AYI) Ex-Dividend Date Scheduled for October 17, 2017” published on October 16, 2017 as well as Zacks.com‘s news article titled: “Acuity Brands (AYI) Down 9.1% Since Earnings Report: Can It Rebound?” with publication date: November 06, 2017.

Rosenblum Silverman Sutton S F Inc, which manages about $291.11 million and $250.40M US Long portfolio, upped its stake in Portola Pharmaceuticals (NASDAQ:PTLA) by 7,835 shares to 106,620 shares, valued at $5.99 million in 2017Q2, according to the filing. It also increased its holding in Dexcom Inc. (NASDAQ:DXCM) by 61,705 shares in the quarter, for a total of 69,586 shares, and has risen its stake in Salesforce.Com (NYSE:CRM).

Analysts await Acuity Brands, Inc. (NYSE:AYI) to report earnings on January, 8. They expect $1.99 EPS, up 5.85% or $0.11 from last year’s $1.88 per share. AYI’s profit will be $83.69M for 20.64 P/E if the $1.99 EPS becomes a reality. After $2.42 actual EPS reported by Acuity Brands, Inc. for the previous quarter, Wall Street now forecasts -17.77% negative EPS growth.

Among 20 analysts covering Acuity Brands Inc. (NYSE:AYI), 11 have Buy rating, 2 Sell and 7 Hold. Therefore 55% are positive. Acuity Brands Inc. had 51 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Thursday, June 29 with “Buy”. Canaccord Genuity maintained the shares of AYI in report on Wednesday, August 16 with “Buy” rating. The firm earned “Buy” rating on Monday, January 11 by Stifel Nicolaus. Roth Capital initiated it with “Neutral” rating and $275 target in Thursday, August 25 report. The rating was maintained by Canaccord Genuity with “Buy” on Monday, November 30. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Buy” rating by Seaport Global on Friday, November 4. Robert W. Baird upgraded it to “Outperform” rating and $242 target in Tuesday, January 10 report. Oppenheimer maintained the stock with “Outperform” rating in Thursday, April 7 report. As per Sunday, June 25, the company rating was maintained by Canaccord Genuity. The company was downgraded on Tuesday, September 19 by Robert W. Baird.

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