As Kar Auction Svcs (KAR) Valuation Rose, Shareholder Goelzer Investment Management Upped Its Stake; Synaptics (SYNA) Shares Rose While West Coast Financial Has Cut Position by $620,061

April 17, 2018 - By Henry Gaston

KAR Auction Services, Inc. (NYSE:KAR) Logo

West Coast Financial Llc decreased its stake in Synaptics Inc (SYNA) by 17.36% based on its latest 2017Q4 regulatory filing with the SEC. West Coast Financial Llc sold 15,899 shares as the company’s stock rose 12.77% while stock markets declined. The institutional investor held 75,662 shares of the edp services company at the end of 2017Q4, valued at $3.02M, down from 91,561 at the end of the previous reported quarter. West Coast Financial Llc who had been investing in Synaptics Inc for a number of months, seems to be less bullish one the $1.62 billion market cap company. The stock increased 1.88% or $0.87 during the last trading session, reaching $47.05. About 263,931 shares traded. Synaptics Incorporated (NASDAQ:SYNA) has declined 8.10% since April 17, 2017 and is downtrending. It has underperformed by 19.65% the S&P500.

Goelzer Investment Management Inc increased its stake in Kar Auction Svcs Inc (KAR) by 40.03% based on its latest 2017Q4 regulatory filing with the SEC. Goelzer Investment Management Inc bought 15,759 shares as the company’s stock rose 4.37% while stock markets declined. The institutional investor held 55,131 shares of the consumer durables company at the end of 2017Q4, valued at $2.79 million, up from 39,372 at the end of the previous reported quarter. Goelzer Investment Management Inc who had been investing in Kar Auction Svcs Inc for a number of months, seems to be bullish on the $7.23 billion market cap company. The stock increased 0.71% or $0.38 during the last trading session, reaching $53.77. About 549,640 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 22.53% since April 17, 2017 and is uptrending. It has outperformed by 10.98% the S&P500.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.19, from 1.06 in 2017Q3. It fall, as 40 investors sold SYNA shares while 76 reduced holdings. 36 funds opened positions while 65 raised stakes. 33.33 million shares or 4.46% less from 34.89 million shares in 2017Q3 were reported. Moreover, Indexiq Advisors Lc has 0.04% invested in Synaptics Incorporated (NASDAQ:SYNA) for 28,449 shares. Connor Clark Lunn holds 0% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA) for 12,425 shares. Comerica State Bank owns 26,750 shares for 0.01% of their portfolio. Jefferies Gp Limited Liability Company reported 0.01% in Synaptics Incorporated (NASDAQ:SYNA). Balyasny Asset Mngmt Ltd Co accumulated 64,419 shares. Arizona State Retirement Systems has invested 0.01% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). State Of Tennessee Treasury Department reported 1.33M shares. Cs Mckee Ltd Partnership reported 0.09% stake. Nicholas Lp owns 61,291 shares. Stratos Wealth Partners Limited reported 116 shares stake. Swiss Bancorporation stated it has 58,900 shares or 0% of all its holdings. Robeco Institutional Asset Management Bv reported 0% of its portfolio in Synaptics Incorporated (NASDAQ:SYNA). Mason Street Advisors Ltd Liability Co has invested 0.02% in Synaptics Incorporated (NASDAQ:SYNA). 286,565 were reported by Jacobs Levy Equity Management. 54,333 are held by California State Teachers Retirement System.

West Coast Financial Llc, which manages about $486.79 million and $355.49M US Long portfolio, upped its stake in Manhattan Assocs Inc (NASDAQ:MANH) by 6,290 shares to 69,087 shares, valued at $3.42M in 2017Q4, according to the filing.

Among 16 analysts covering Synaptics Inc (NASDAQ:SYNA), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Synaptics Inc had 72 analyst reports since August 3, 2015 according to SRatingsIntel. On Friday, October 28 the stock rating was downgraded by Craig Hallum to “Hold”. BMO Capital Markets maintained it with “Hold” rating and $5600 target in Monday, June 12 report. The stock of Synaptics Incorporated (NASDAQ:SYNA) has “Buy” rating given on Wednesday, October 11 by Cowen & Co. Needham maintained Synaptics Incorporated (NASDAQ:SYNA) on Friday, August 4 with “Buy” rating. The stock of Synaptics Incorporated (NASDAQ:SYNA) earned “Sell” rating by Oppenheimer on Friday, August 4. Craig Hallum maintained Synaptics Incorporated (NASDAQ:SYNA) on Friday, July 29 with “Buy” rating. Oppenheimer maintained Synaptics Incorporated (NASDAQ:SYNA) rating on Tuesday, June 13. Oppenheimer has “Sell” rating and $4800 target. The firm has “Neutral” rating given on Friday, April 29 by Mizuho. Oppenheimer maintained it with “Sell” rating and $4500 target in Monday, July 17 report. The firm earned “Hold” rating on Tuesday, July 18 by BMO Capital Markets.

Analysts await Synaptics Incorporated (NASDAQ:SYNA) to report earnings on April, 26. They expect $0.45 EPS, down 44.44% or $0.36 from last year’s $0.81 per share. SYNA’s profit will be $15.52 million for 26.14 P/E if the $0.45 EPS becomes a reality. After $0.59 actual EPS reported by Synaptics Incorporated for the previous quarter, Wall Street now forecasts -23.73% negative EPS growth.

Since January 12, 2018, it had 0 buys, and 6 sales for $1.28 million activity. On Friday, January 12 the insider Bergman Rick sold $1.00 million. $28,845 worth of stock was sold by McFarland John on Wednesday, February 14. On Tuesday, January 16 the insider LEE FRANCIS F sold $5,000. Another trade for 517 shares valued at $22,929 was sold by Ali Wajid.

Investors sentiment increased to 1.69 in 2017 Q4. Its up 0.36, from 1.33 in 2017Q3. It increased, as 28 investors sold KAR shares while 77 reduced holdings. 58 funds opened positions while 119 raised stakes. 127.57 million shares or 1.62% less from 129.67 million shares in 2017Q3 were reported. Voya Invest Llc, Georgia-based fund reported 49,499 shares. Nelson Van Denburg And Campbell Wealth Mngmt Grp Inc Ltd Liability Corporation holds 0% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR) for 228 shares. Td Asset Mgmt has invested 0.01% in KAR Auction Services, Inc. (NYSE:KAR). Regions Fincl holds 0.29% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR) for 533,539 shares. 650 are held by Rockefeller Fincl Serv. Cibc World Incorporated invested in 4,640 shares or 0% of the stock. Janney Montgomery Scott holds 8,880 shares or 0% of its portfolio. Panagora Asset Incorporated stated it has 6,341 shares. Columbia Prtnrs L L C Invest Mngmt reported 43,182 shares. Deutsche Retail Bank Ag reported 0.02% stake. Ameriprise invested 0.01% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). State Of Wisconsin Board has invested 0% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Brookstone Mgmt holds 7,192 shares or 0.03% of its portfolio. Group One Trading Limited Partnership owns 20,463 shares for 0.01% of their portfolio. Thompson Siegel And Walmsley Limited Liability Company holds 0.86% in KAR Auction Services, Inc. (NYSE:KAR) or 1.44 million shares.

Goelzer Investment Management Inc, which manages about $1.05B and $889.59M US Long portfolio, decreased its stake in Procter And Gamble Co (NYSE:PG) by 26,533 shares to 70,109 shares, valued at $6.44M in 2017Q4, according to the filing. It also reduced its holding in Dbx Etf Tr (DBEF) by 10,198 shares in the quarter, leaving it with 661,928 shares, and cut its stake in Boeing Co (NYSE:BA).

Among 12 analysts covering KAR Auction Services (NYSE:KAR), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. KAR Auction Services had 31 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, November 2 by Gabelli. On Monday, September 11 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Tuesday, October 3 by Robert W. Baird. The firm earned “Hold” rating on Thursday, August 27 by Zacks. Sterne Agee CRT initiated the stock with “Buy” rating in Friday, July 24 report. The stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given on Monday, August 24 by Zacks. The firm has “Buy” rating by Jefferies given on Thursday, August 4. Stephens downgraded it to “Hold” rating and $48.0 target in Thursday, September 7 report. Bank of America maintained it with “Buy” rating and $66 target in Friday, March 2 report. Zacks upgraded it to “Hold” rating and $41 target in Friday, August 21 report.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Positions Chart

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