Berkshire Partners Has Increased Position in Advanced Drain Sys Del (WMS) by $63.82 Million as Stock Declined; Petroleo Brasileiro S.A. (PBR) Holder Oslo Asset Management Asa Lowered Holding by $3.64 Million as Stock Declined

February 16, 2018 - By Vivian Currie

Oslo Asset Management Asa decreased its stake in Petroleo Brasileiro S.A. (PBR) by 28% based on its latest 2017Q3 regulatory filing with the SEC. Oslo Asset Management Asa sold 364,100 shares as the company’s stock declined 16.81% while stock markets rallied. The institutional investor held 936,400 shares of the oil & gas production company at the end of 2017Q3, valued at $9.40 million, down from 1.30 million at the end of the previous reported quarter. Oslo Asset Management Asa who had been investing in Petroleo Brasileiro S.A. for a number of months, seems to be less bullish one the $83.75 billion market cap company. The stock increased 1.10% or $0.14 during the last trading session, reaching $12.82. About 12.79 million shares traded. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has risen 39.56% since February 16, 2017 and is uptrending. It has outperformed by 22.86% the S&P500.




Berkshire Partners Llc increased its stake in Advanced Drain Sys Inc Del (WMS) by 154.43% based on its latest 2017Q3 regulatory filing with the SEC. Berkshire Partners Llc bought 3.19 million shares as the company’s stock declined 0.22% while stock markets rallied. The institutional investor held 5.26M shares of the capital goods company at the end of 2017Q3, valued at $106.46 million, up from 2.07M at the end of the previous reported quarter. Berkshire Partners Llc who had been investing in Advanced Drain Sys Inc Del for a number of months, seems to be bullish on the $1.53B market cap company. The stock increased 1.30% or $0.35 during the last trading session, reaching $27.25. About 547,674 shares traded or 96.21% up from the average. Advanced Drainage Systems, Inc. (NYSE:WMS) has declined 0.13% since February 16, 2017 and is downtrending. It has underperformed by 16.83% the S&P500.

Investors sentiment increased to 1.59 in Q3 2017. Its up 0.59, from 1 in 2017Q2. It improved, as 11 investors sold WMS shares while 23 reduced holdings. 18 funds opened positions while 36 raised stakes. 42.73 million shares or 3.33% more from 41.35 million shares in 2017Q2 were reported. Cubist Systematic Strategies Lc has invested 0.02% in Advanced Drainage Systems, Inc. (NYSE:WMS). Goldman Sachs accumulated 158,743 shares. Royal National Bank Of Canada owns 5,192 shares. Deprince Race And Zollo owns 1.33 million shares or 0.61% of their US portfolio. Raymond James Associates has invested 0% in Advanced Drainage Systems, Inc. (NYSE:WMS). 435,832 were reported by Deutsche Natl Bank Ag. Bancshares Of America De stated it has 144,141 shares or 0% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt, a Pennsylvania-based fund reported 15,824 shares. Tiaa Cref Invest Limited Liability Company has 91,253 shares. Pnc Fin Inc, Pennsylvania-based fund reported 434,963 shares. Citadel Advsrs Ltd Liability reported 211,511 shares. Ack Asset Ltd has invested 4.61% in Advanced Drainage Systems, Inc. (NYSE:WMS). Schwab Charles Inv Mngmt holds 0% or 155,684 shares. Berkshire Prns Ltd Co owns 5.26 million shares or 18.7% of their US portfolio. First Bank & Trust invested in 0.09% or 26,019 shares.

Among 6 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Advanced Drainage Systems had 26 analyst reports since November 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained Advanced Drainage Systems, Inc. (NYSE:WMS) rating on Friday, October 7. RBC Capital Markets has “Outperform” rating and $26 target. Robert W. Baird maintained the stock with “Buy” rating in Thursday, February 8 report. On Friday, January 13 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained Advanced Drainage Systems, Inc. (NYSE:WMS) on Monday, May 29 with “Hold” rating. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, June 8 report. As per Tuesday, November 14, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating given on Friday, November 3 by Robert W. Baird. The company was maintained on Monday, October 9 by RBC Capital Markets. The stock of Advanced Drainage Systems, Inc. (NYSE:WMS) earned “Outperform” rating by RBC Capital Markets on Wednesday, June 8. The stock of Advanced Drainage Systems, Inc. (NYSE:WMS) has “Hold” rating given on Monday, July 17 by RBC Capital Markets.

Analysts await Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to report earnings on March, 20. They expect $0.28 EPS, up 33.33% or $0.07 from last year’s $0.21 per share. PBR’s profit will be $1.83B for 11.45 P/E if the $0.28 EPS becomes a reality. After $0.03 actual EPS reported by Petróleo Brasileiro S.A. – Petrobras for the previous quarter, Wall Street now forecasts 833.33% EPS growth.

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