As Spectra Energy Partners LP (SEP) Stock Price Declined, First Heartland Consultants Has Lifted Position by $682,305; Kar Auction Services (KAR) Shareholder Thompson Siegel & Walmsley Raised Its Position

May 21, 2018 - By Kurt Siggers

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

Thompson Siegel & Walmsley Llc increased its stake in Kar Auction Services Inc (KAR) by 144.5% based on its latest 2017Q4 regulatory filing with the SEC. Thompson Siegel & Walmsley Llc bought 850,065 shares as the company’s stock rose 4.37% while stock markets declined. The institutional investor held 1.44 million shares of the consumer durables company at the end of 2017Q4, valued at $72.65 million, up from 588,276 at the end of the previous reported quarter. Thompson Siegel & Walmsley Llc who had been investing in Kar Auction Services Inc for a number of months, seems to be bullish on the $7.30B market cap company. The stock increased 0.46% or $0.25 during the last trading session, reaching $54.05. About 794,921 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 22.53% since May 21, 2017 and is uptrending. It has outperformed by 10.98% the S&P500.

First Heartland Consultants Inc increased its stake in Spectra Energy Partners Lp (SEP) by 84.48% based on its latest 2017Q4 regulatory filing with the SEC. First Heartland Consultants Inc bought 17,495 shares as the company’s stock declined 21.17% with the market. The institutional investor held 38,205 shares of the public utilities company at the end of 2017Q4, valued at $1.51 million, up from 20,710 at the end of the previous reported quarter. First Heartland Consultants Inc who had been investing in Spectra Energy Partners Lp for a number of months, seems to be bullish on the $15.20 billion market cap company. The stock decreased 1.01% or $0.32 during the last trading session, reaching $31.35. About 1.86M shares traded or 139.61% up from the average. Spectra Energy Partners, LP (NYSE:SEP) has declined 22.60% since May 21, 2017 and is downtrending. It has underperformed by 34.15% the S&P500.

First Heartland Consultants Inc, which manages about $867.76M and $332.38M US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 13,575 shares to 17,972 shares, valued at $4.80M in 2017Q4, according to the filing. It also reduced its holding in Ishares (SHY) by 11,180 shares in the quarter, leaving it with 79,124 shares, and cut its stake in At&T Inc (NYSE:T).

Among 22 analysts covering Spectra Energy Partners LP (NYSE:SEP), 6 have Buy rating, 3 Sell and 13 Hold. Therefore 27% are positive. Spectra Energy Partners LP had 66 analyst reports since July 23, 2015 according to SRatingsIntel. The company was upgraded on Monday, January 18 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, March 22 by Wells Fargo. The stock has “Outperform” rating by Wells Fargo on Monday, January 18. Bernstein initiated Spectra Energy Partners, LP (NYSE:SEP) rating on Wednesday, May 11. Bernstein has “Market Perform” rating and $48 target. The rating was maintained by Stifel Nicolaus on Wednesday, November 29 with “Buy”. RBC Capital Markets maintained Spectra Energy Partners, LP (NYSE:SEP) rating on Wednesday, December 13. RBC Capital Markets has “Buy” rating and $53.0 target. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by RBC Capital Markets on Thursday, August 3. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Neutral” rating by Piper Jaffray on Wednesday, September 7. As per Wednesday, December 20, the company rating was downgraded by Barclays Capital. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by Raymond James on Wednesday, December 6.

Investors sentiment decreased to 0.82 in Q4 2017. Its down 0.31, from 1.13 in 2017Q3. It worsened, as 22 investors sold SEP shares while 74 reduced holdings. 24 funds opened positions while 55 raised stakes. 66.54 million shares or 6.90% more from 62.25 million shares in 2017Q3 were reported. Bollard Gp Limited Liability Company stated it has 0.23% in Spectra Energy Partners, LP (NYSE:SEP). Kistler invested 0.01% in Spectra Energy Partners, LP (NYSE:SEP). Salient Advsrs Limited Liability Com holds 25,695 shares or 0.02% of its portfolio. Schaper Benz Wise Inv Counsel Wi holds 0.09% or 14,900 shares in its portfolio. Van Eck Associates accumulated 24,436 shares. Clinton Grp holds 14,174 shares. Stephens Ar reported 10,020 shares. New York-based Rockefeller Svcs Inc has invested 0% in Spectra Energy Partners, LP (NYSE:SEP). The Virginia-based Catawba Capital Mngmt Va has invested 0.14% in Spectra Energy Partners, LP (NYSE:SEP). Barclays Plc reported 275,640 shares. Neuberger Berman Gru Limited Liability Corporation holds 0.03% in Spectra Energy Partners, LP (NYSE:SEP) or 764,826 shares. Northwestern Mutual Wealth Com owns 4,856 shares. 244,026 are owned by Ameriprise. Btr Capital Management Inc invested in 8,100 shares. Pnc Finance Svcs Grp holds 83,956 shares.

More notable recent Spectra Energy Partners, LP (NYSE:SEP) news were published by: Seekingalpha.com which released: “Spectra Energy Partners -3% after Enbridge’s disappointing offer” on May 18, 2018, also Seekingalpha.com with their article: “Don’t Buy L Brands – Cramer’s Lightning Round (5/15/18)” published on May 16, 2018, Seekingalpha.com published: “MLPs Outperform In The Simplicity War” on May 20, 2018. More interesting news about Spectra Energy Partners, LP (NYSE:SEP) were released by: Seekingalpha.com and their article: “Enbridge to buy out sponsored vehicles in $11.4B restructuring” published on May 17, 2018 as well as 247Wallst.com‘s news article titled: “What’s Behind Enbridge Offer for Spectra Energy Partners” with publication date: May 18, 2018.

Among 13 analysts covering KAR Auction Services (NYSE:KAR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. KAR Auction Services had 32 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given on Tuesday, October 3 by Robert W. Baird. The rating was maintained by Sterne Agee CRT on Monday, May 2 with “Buy”. Jefferies maintained KAR Auction Services, Inc. (NYSE:KAR) on Thursday, August 4 with “Buy” rating. The stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Hold” rating by Zacks on Thursday, August 27. The rating was initiated by Susquehanna on Friday, August 26 with “Positive”. JP Morgan maintained the stock with “Overweight” rating in Monday, March 19 report. The firm earned “Buy” rating on Friday, July 24 by Sterne Agee CRT. The stock has “Hold” rating by Gabelli on Thursday, November 2. The rating was upgraded by Gabelli on Thursday, March 1 to “Buy”. The firm has “Hold” rating by Stephens given on Thursday, September 7.

More important recent KAR Auction Services, Inc. (NYSE:KAR) news were published by: Globenewswire.com which released: “KAR Auction Services, Inc. Reports First Quarter 2018 Financial Results” on May 08, 2018, also Seekingalpha.com published article titled: “KAR Auction Services (KAR) Q1 2018 Results – Earnings Call Transcript”, Globenewswire.com published: “KAR Auction Services, Inc. to Announce First Quarter 2018 Earnings” on April 24, 2018. More interesting news about KAR Auction Services, Inc. (NYSE:KAR) was released by: Globenewswire.com and their article: “Report: Developing Opportunities within CytomX Therapeutics, Pegasystems, Greif, Belden, Payment Data, and KAR …” with publication date: April 26, 2018.

Investors sentiment increased to 1.69 in Q4 2017. Its up 0.36, from 1.33 in 2017Q3. It improved, 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. Kbc Gp Nv invested in 1,485 shares. Ubs Asset Mngmt Americas accumulated 129,022 shares. Moreover, Regions Finance Corporation has 0.29% invested in KAR Auction Services, Inc. (NYSE:KAR) for 533,539 shares. Nelson Van Denburg & Campbell Wealth Grp Incorporated Ltd Liability Co has invested 0% in KAR Auction Services, Inc. (NYSE:KAR). Putnam Investments Lc invested in 142,037 shares or 0.02% of the stock. Janney Montgomery Scott Ltd Company reported 8,880 shares or 0% of all its holdings. Frontier Cap Mgmt Ltd Limited Liability Company has 2.64M shares for 0.98% of their portfolio. 11,263 were reported by Neuberger Berman Group Inc. Wealthtrust reported 311 shares. Washington-based Parametric Assocs Ltd Limited Liability Company has invested 0.02% in KAR Auction Services, Inc. (NYSE:KAR). Penn Mngmt invested in 0.23% or 62,929 shares. The Michigan-based Azimuth Capital Mngmt Limited Liability Com has invested 0.31% in KAR Auction Services, Inc. (NYSE:KAR). Vanguard reported 11.44M shares. Bb&T stated it has 0.16% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). 7,991 were accumulated by Atria Investments Limited Co.

Thompson Siegel & Walmsley Llc, which manages about $7.40B and $8.41 billion US Long portfolio, decreased its stake in Kellogg Co (NYSE:K) by 24,234 shares to 1.65M shares, valued at $112.42 million in 2017Q4, according to the filing. It also reduced its holding in Ferro Corp (NYSE:FOE) by 16,650 shares in the quarter, leaving it with 25,430 shares, and cut its stake in Starbucks Corporation (NASDAQ:SBUX).

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

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