Select Energy Services, Inc. (WTTR) Reaches $17.58 After 8.00% Up Move; Snap-on (SNA) Has 1.07 Sentiment

May 20, 2018 - By wolcottdaily

Snap-on Incorporated (NYSE:SNA) Logo

Snap-on Inc (SNA) investors sentiment decreased to 1.07 in 2017 Q4. It’s down -0.16, from 1.23 in 2017Q3. The ratio turned negative, as 234 investment managers started new or increased stock positions, while 218 trimmed and sold stakes in Snap-on Inc. The investment managers in our database reported: 69.02 million shares, up from 54.39 million shares in 2017Q3. Also, the number of investment managers holding Snap-on Inc in top ten stock positions increased from 4 to 10 for an increase of 6. Sold All: 44 Reduced: 174 Increased: 167 New Position: 67.




The stock of Select Energy Services, Inc. (NYSE:WTTR) is a huge mover today! The stock increased 2.99% or $0.51 during the last trading session, reaching $17.58. About 934,559 shares traded or 84.03% up from the average. Select Energy Services, Inc. (NYSE:WTTR) has 0.00% since May 20, 2017 and is . It has underperformed by 11.55% the S&P500.The move comes after 7 months positive chart setup for the $2.58B company. It was reported on May, 20 by Barchart.com. We have $18.99 PT which if reached, will make NYSE:WTTR worth $206.64 million more.

More news for Snap-on Incorporated (NYSE:SNA) were recently published by: Seekingalpha.com, which released: “Snap-On Has Arrived In Bargain Territory” on May 06, 2018. Businesswire.com‘s article titled: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of Snap-on Incorporated Investors (SNA)” and published on May 17, 2018 is yet another important article.

Institutional Venture Management Xiv Llc holds 73.35% of its portfolio in Snap-on Incorporated for 14.66 million shares. Rr Partners Lp owns 474,200 shares or 5.5% of their US portfolio. Moreover, Hahn Capital Management Llc has 3.13% invested in the company for 190,604 shares. The Oregon-based Orca Investment Management Llc has invested 3.09% in the stock. Groesbeck Investment Management Corp Nj, a New Jersey-based fund reported 24,277 shares.

Analysts await Snap-on Incorporated (NYSE:SNA) to report earnings on July, 19. They expect $2.96 EPS, up 13.85% or $0.36 from last year’s $2.6 per share. SNA’s profit will be $167.52M for 12.70 P/E if the $2.96 EPS becomes a reality. After $2.79 actual EPS reported by Snap-on Incorporated for the previous quarter, Wall Street now forecasts 6.09% EPS growth.

The stock decreased 0.45% or $0.68 during the last trading session, reaching $150.33. About 402,065 shares traded. Snap-on Incorporated (SNA) has declined 11.24% since May 20, 2017 and is downtrending. It has underperformed by 22.79% the S&P500.

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company has market cap of $8.51 billion. The firm operates in Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services divisions. It has a 15.79 P/E ratio. It offers hand tools, such as wrenches, sockets, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products, including tool chests, roll cabinets, and other products.

Ratings analysis reveals 100% of Snap-On’s analysts are positive. Out of 2 Wall Street analysts rating Snap-On, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $200.0 while the high is $205.0. The stock’s average target of $202.50 is 34.70% above today’s ($150.33) share price. SNA was included in 2 notes of analysts from February 3, 2017. The firm has “Outperform” rating by Oppenheimer given on Wednesday, April 12. Wunderlich maintained it with “Buy” rating and $205.0 target in Friday, February 3 report.

Since January 1, 0001, it had 0 buys, and 3 selling transactions for $16.44 million activity.

Analysts await Select Energy Services, Inc. (NYSE:WTTR) to report earnings on August, 2. They expect $0.20 earnings per share, up 300.00% or $0.15 from last year’s $0.05 per share. WTTR’s profit will be $29.39M for 21.98 P/E if the $0.20 EPS becomes a reality. After $0.15 actual earnings per share reported by Select Energy Services, Inc. for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Among 3 analysts covering Select Energy Services (NYSE:WTTR), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Select Energy Services had 4 analyst reports since July 21, 2017 according to SRatingsIntel. As per Friday, December 8, the company rating was reinitiated by Bank of America. The firm has “Neutral” rating given on Tuesday, September 12 by JP Morgan. The rating was maintained by Citigroup with “Buy” on Friday, July 21. The stock has “Sell” rating by Citigroup on Wednesday, September 27.

More recent Select Energy Services, Inc. (NYSE:WTTR) news were published by: Seekingalpha.com which released: “Select Energy Services’ (WTTR) CEO Holli Ladhani on Q1 2018 Results – Earnings Call Transcript” on May 11, 2018. Also Nasdaq.com published the news titled: “Investor Expectations to Drive Momentum within Government Properties Income Trust, International Seaways, SELECT …” on May 18, 2018. Prnewswire.com‘s news article titled: “Select Energy Services Announces Executive Addition” with publication date: May 14, 2018 was also an interesting one.

Snap-on Incorporated (NYSE:SNA) Institutional Positions Chart

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