New South Capital Management Maintains Holding in Wesco Intl (WCC); Evercore Wealth Management Stake in Abbott Labs (ABT) Has Raised by $369,170

September 12, 2017 - By Winifred Garcia

New South Capital Management Inc increased its stake in Wesco Intl Inc (WCC) by 0.84% based on its latest 2016Q4 regulatory filing with the SEC. New South Capital Management Inc bought 4,569 shares as the company’s stock declined 13.95% while stock markets rallied. The institutional investor held 550,364 shares of the consumer non-durables company at the end of 2016Q4, valued at $36.63M, up from 545,795 at the end of the previous reported quarter. New South Capital Management Inc who had been investing in Wesco Intl Inc for a number of months, seems to be bullish on the $2.58B market cap company. The stock rose 1.03% or $0.55 reaching $53.7 per share. About 45,416 shares traded. WESCO International, Inc. (NYSE:WCC) has risen 13.26% since September 12, 2016 and is uptrending. It has underperformed by 3.44% the S&P500.

Evercore Wealth Management Llc increased its stake in Abbott Labs (ABT) by 8.23% based on its latest 2016Q4 regulatory filing with the SEC. Evercore Wealth Management Llc bought 9,715 shares as the company’s stock declined 3.42% while stock markets rallied. The institutional investor held 127,700 shares of the major pharmaceuticals company at the end of 2016Q4, valued at $4.91 million, up from 117,985 at the end of the previous reported quarter. Evercore Wealth Management Llc who had been investing in Abbott Labs for a number of months, seems to be bullish on the $90.90B market cap company. The stock declined 0.25% or $0.13 reaching $52.32 on the news. About 536,475 shares traded. Abbott Laboratories (NYSE:ABT) has risen 15.90% since September 12, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.




Since March 31, 2017, it had 0 insider purchases, and 2 sales for $60,722 activity. Contreras Jaime sold $34,240 worth of stock or 767 shares.

Evercore Wealth Management Llc, which manages about $4.87 billion and $2.41B US Long portfolio, decreased its stake in Ansys Inc (NASDAQ:ANSS) by 9,023 shares to 302,490 shares, valued at $27.98 million in 2016Q4, according to the filing. It also reduced its holding in Apollo Global Mgmt Llc (NYSE:APO) by 750,040 shares in the quarter, leaving it with 53,885 shares, and cut its stake in Nxp Semiconductors N V (NASDAQ:NXPI).

Investors sentiment increased to 1.01 in Q4 2016. Its up 0.05, from 0.96 in 2016Q3. It improved, as 83 investors sold ABT shares while 496 reduced holdings. 103 funds opened positions while 481 raised stakes. 1.06 billion shares or 1.63% more from 1.04 billion shares in 2016Q3 were reported. Bbva Compass Commercial Bank Inc accumulated 0.58% or 215,050 shares. Pacwest Fincl Inc holds 24,135 shares. Old West Investment Ltd Limited Liability Company holds 7.62% or 324,618 shares. Foster Dykema Cabot Ma holds 0.08% or 11,180 shares in its portfolio. Senzar Asset Limited Liability Company stated it has 196,300 shares. Fukoku Mutual Life Ins Co, a Japan-based fund reported 9,600 shares. Culbertson A N And Inc owns 105,097 shares for 1.37% of their portfolio. Cullen Cap Management Limited Com owns 0.02% invested in Abbott Laboratories (NYSE:ABT) for 11,880 shares. Johnson Group Inc reported 57,704 shares. Van Cleef Asset Managementinc invested in 0.15% or 12,410 shares. The Minnesota-based Perkins Capital has invested 1.19% in Abbott Laboratories (NYSE:ABT). Clearbridge Invests Limited Liability Com accumulated 73,409 shares. Ontario Teachers Pension Plan Board holds 0.32% or 793,690 shares in its portfolio. Atwood & Palmer holds 1,270 shares. Osborne Prns Cap Ltd Liability Com owns 1.01% invested in Abbott Laboratories (NYSE:ABT) for 179,442 shares.

More notable recent Abbott Laboratories (NYSE:ABT) news were published by: Startribune.com which released: “Abbott Labs rolls out patch for St. Jude-made pacemakers” on August 30, 2017, also Seekingalpha.com with their article: “Can Abbott Top Its All-Time High?” published on September 07, 2017, Investorplace.com published: “3 Big Stock Charts for Tuesday: Abbott Laboratories (ABT), Aetna Inc (AET) and …” on September 12, 2017. More interesting news about Abbott Laboratories (NYSE:ABT) were released by: Nasdaq.com and their article: “Why Is Abbott Laboratories (ABT) Down 3.1% Since the Last Earnings Report?” published on August 21, 2017 as well as Seekingalpha.com‘s news article titled: “Getting Defensive: Buying Abbott Laboratories And Dominion Energy” with publication date: August 16, 2017.

Among 23 analysts covering Abbott Laboratories (NYSE:ABT), 14 have Buy rating, 0 Sell and 9 Hold. Therefore 61% are positive. Abbott Laboratories had 70 analyst reports since July 24, 2015 according to SRatingsIntel. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, January 4 report. The stock of Abbott Laboratories (NYSE:ABT) earned “Neutral” rating by UBS on Tuesday, September 22. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, July 11. The rating was reinitiated by Credit Suisse on Monday, August 10 with “Outperform”. BMO Capital Markets maintained the shares of ABT in report on Thursday, July 20 with “Hold” rating. Argus Research maintained the shares of ABT in report on Friday, July 21 with “Buy” rating. On Tuesday, March 15 the stock rating was maintained by Jefferies with “Buy”. The stock of Abbott Laboratories (NYSE:ABT) earned “Buy” rating by Jefferies on Thursday, June 29. The stock has “Outperform” rating by RBC Capital Markets on Thursday, July 23. The stock of Abbott Laboratories (NYSE:ABT) earned “Neutral” rating by Piper Jaffray on Thursday, April 28.

New South Capital Management Inc, which manages about $3.52 billion and $4.19B US Long portfolio, decreased its stake in Flowserve Corp (NYSE:FLS) by 31,366 shares to 1.79 million shares, valued at $86.04M in 2016Q4, according to the filing. It also reduced its holding in Tegna Inc by 216,622 shares in the quarter, leaving it with 9.12 million shares, and cut its stake in Discovery Comm Cl A (NASDAQ:DISCA).

More notable recent WESCO International, Inc. (NYSE:WCC) news were published by: Prnewswire.com which released: “WESCO International, Inc. Announces Its Second Quarter Earnings Call and …” on June 19, 2017, also Fool.com with their article: “WESCO International first-quarter results: The raw numbers” published on April 29, 2017, Seekingalpha.com published: “WESCO International’s (WCC) CEO John Engel on Q2 2017 Results – Earnings Call …” on July 30, 2017. More interesting news about WESCO International, Inc. (NYSE:WCC) were released by: Prnewswire.com and their article: “WESCO International, Inc. Reports First Quarter 2017 Results” published on April 27, 2017 as well as Fool.com‘s news article titled: “WESCO International second-quarter earnings: The raw numbers” with publication date: July 29, 2017.

Investors sentiment increased to 1.5 in 2016 Q4. Its up 0.50, from 1 in 2016Q3. It increased, as 27 investors sold WCC shares while 67 reduced holdings. 53 funds opened positions while 88 raised stakes. 47.43 million shares or 2.74% less from 48.77 million shares in 2016Q3 were reported. 275,061 were accumulated by Citadel Limited Com. Schwab Charles Inv Mngmt invested in 136,844 shares or 0.01% of the stock. Tower Research (Trc) reported 600 shares. Amp Invsts owns 17,327 shares for 0.01% of their portfolio. Pax Ww Management Ltd Liability Co holds 210,000 shares. Point72 Asia (Hong Kong) Ltd has invested 0.67% of its portfolio in WESCO International, Inc. (NYSE:WCC). Cubist Systematic Strategies Lc holds 10,392 shares. Hgk Asset Mngmt, New Jersey-based fund reported 10,082 shares. Moreover, Qs Invsts Ltd Liability has 0% invested in WESCO International, Inc. (NYSE:WCC) for 21 shares. Moreover, Vaughan Nelson Inv Mgmt LP has 0.75% invested in WESCO International, Inc. (NYSE:WCC). Geode Cap Ltd Liability Corporation holds 301,676 shares or 0.01% of its portfolio. Regal Advsr Ltd Liability has invested 1.06% in WESCO International, Inc. (NYSE:WCC). Parkside National Bank & Trust Tru has invested 0.03% of its portfolio in WESCO International, Inc. (NYSE:WCC). Ontario – Canada-based Kj Harrison Prns Incorporated has invested 0.32% in WESCO International, Inc. (NYSE:WCC). Winslow Evans & Crocker holds 3,368 shares or 0% of its portfolio.

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