Ack Asset Management Raised Its Faro Technologies (FARO) Holding; Adage Capital Partners Gp Has Lowered Avery Dennison (AVY) Stake

January 14, 2018 - By Clifton Ray

Ack Asset Management Llc increased Faro Technologies Inc (FARO) stake by 12% reported in 2017Q3 SEC filing. Ack Asset Management Llc acquired 15,000 shares as Faro Technologies Inc (FARO)’s stock declined 8.88%. The Ack Asset Management Llc holds 140,000 shares with $5.36M value, up from 125,000 last quarter. Faro Technologies Inc now has $876.50M valuation. The stock increased 1.16% or $0.6 during the last trading session, reaching $52.45. About 54,268 shares traded. FARO Technologies, Inc. (NASDAQ:FARO) has risen 5.76% since January 14, 2017 and is uptrending. It has underperformed by 10.94% the S&P500.

Adage Capital Partners Gp Llc decreased Avery Dennison Corp (AVY) stake by 42.39% reported in 2017Q3 SEC filing. Adage Capital Partners Gp Llc sold 424,564 shares as Avery Dennison Corp (AVY)’s stock rose 4.22%. The Adage Capital Partners Gp Llc holds 576,906 shares with $56.73M value, down from 1.00 million last quarter. Avery Dennison Corp now has $10.51B valuation. The stock decreased 0.18% or $0.22 during the last trading session, reaching $119.35. About 498,611 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 10.91% since January 14, 2017 and is uptrending. It has underperformed by 5.79% the S&P500.

Analysts await Avery Dennison Corporation (NYSE:AVY) to report earnings on February, 7. They expect $1.25 EPS, up 26.26% or $0.26 from last year’s $0.99 per share. AVY’s profit will be $110.04M for 23.87 P/E if the $1.25 EPS becomes a reality. After $1.26 actual EPS reported by Avery Dennison Corporation for the previous quarter, Wall Street now forecasts -0.79% negative EPS growth.

Among 9 analysts covering Avery Dennison (NYSE:AVY), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Avery Dennison had 25 analyst reports since October 15, 2015 according to SRatingsIntel. The stock of Avery Dennison Corporation (NYSE:AVY) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, September 20. The firm earned “Buy” rating on Friday, January 6 by Citigroup. Robert W. Baird maintained Avery Dennison Corporation (NYSE:AVY) on Tuesday, October 10 with “Buy” rating. The stock has “Buy” rating by Robert W. Baird on Thursday, October 26. Robert W. Baird maintained Avery Dennison Corporation (NYSE:AVY) rating on Wednesday, January 10. Robert W. Baird has “Buy” rating and $125.0 target. JP Morgan upgraded the stock to “Overweight” rating in Thursday, October 27 report. The firm has “Hold” rating by Loop Capital given on Thursday, October 26. On Monday, November 21 the stock rating was initiated by Aegis Capital with “Hold”. The firm has “Overweight” rating by Barclays Capital given on Monday, May 2. Citigroup maintained Avery Dennison Corporation (NYSE:AVY) rating on Wednesday, July 26. Citigroup has “Buy” rating and $108 target.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.05, from 0.97 in 2017Q2. It worsened, as 34 investors sold AVY shares while 167 reduced holdings. 50 funds opened positions while 134 raised stakes. 70.08 million shares or 2.56% less from 71.92 million shares in 2017Q2 were reported. Fuller Thaler Asset Mgmt has 1,100 shares for 0% of their portfolio. 41,319 are owned by Pnc Financial Services Grp. Alliancebernstein Limited Partnership has 254,458 shares. Vident Invest Advisory Ltd Liability owns 4,809 shares. Sumitomo Mitsui Asset Mngmt, Japan-based fund reported 45,386 shares. Fjarde Ap holds 22,869 shares or 0.04% of its portfolio. Adage Capital Partners Group Incorporated Ltd has invested 0.14% in Avery Dennison Corporation (NYSE:AVY). Advisory Net Limited Com has invested 0% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Lord Abbett & Lc reported 595,272 shares or 0.17% of all its holdings. First Tru Advsrs Lp invested in 254,446 shares or 0.06% of the stock. 21,465 were accumulated by Caisse De Depot Et Placement Du Quebec. Virginia Retirement Et Al stated it has 0.02% of its portfolio in Avery Dennison Corporation (NYSE:AVY). 12,245 are held by Nomura Asset Management Communication Ltd. Norinchukin Bank The holds 6,578 shares. Tci Wealth Advsr holds 229 shares or 0.01% of its portfolio.

Adage Capital Partners Gp Llc increased Vulcan Matls Co (NYSE:VMC) stake by 248,000 shares to 444,258 valued at $53.13M in 2017Q3. It also upped Edgewell Pers Care Co stake by 40,000 shares and now owns 427,423 shares. Axalta Coating Sys Ltd was raised too.

Since August 3, 2017, it had 0 buys, and 4 selling transactions for $3.45 million activity. PYOTT DAVID E I had sold 2,000 shares worth $188,000. SCARBOROUGH DEAN A had sold 20,000 shares worth $2.10M. Shares for $936,300 were sold by Siewert Patrick on Thursday, August 3. On Tuesday, December 12 the insider BARKER PETER K sold $229,510.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.31, from 1.29 in 2017Q2. It dived, as 7 investors sold FARO shares while 35 reduced holdings. 10 funds opened positions while 31 raised stakes. 16.15 million shares or 3.00% more from 15.68 million shares in 2017Q2 were reported. Texas Permanent School Fund, Texas-based fund reported 12,198 shares. Thompson Inv Mngmt Inc stated it has 6,250 shares. Moreover, Pinebridge Invs Lp has 0.02% invested in FARO Technologies, Inc. (NASDAQ:FARO). New York State Common Retirement Fund invested in 0% or 22,950 shares. Teton Advisors stated it has 0.07% in FARO Technologies, Inc. (NASDAQ:FARO). Panagora Asset Management accumulated 51,755 shares. Princeton Management has invested 0.95% in FARO Technologies, Inc. (NASDAQ:FARO). Bancorporation Of New York Mellon stated it has 0% of its portfolio in FARO Technologies, Inc. (NASDAQ:FARO). Global X Mngmt Company has invested 0.08% in FARO Technologies, Inc. (NASDAQ:FARO). California State Teachers Retirement Systems holds 0% of its portfolio in FARO Technologies, Inc. (NASDAQ:FARO) for 26,513 shares. Pnc Fin Group Incorporated Inc invested in 534 shares. The Texas-based Dimensional Fund Advisors Limited Partnership has invested 0.02% in FARO Technologies, Inc. (NASDAQ:FARO). Cwm Limited Liability Com holds 48,603 shares or 0.09% of its portfolio. Moreover, Riverhead Capital Management Ltd Liability has 0% invested in FARO Technologies, Inc. (NASDAQ:FARO). State Board Of Administration Of Florida Retirement holds 0% or 10,743 shares.

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