As Sysco (SYY) Stock Price Rose, Royal Bank Of Canada Lifted by $71.56 Million Its Holding; As Olin (OLN) Share Value Rose, Quantum Capital Management Has Cut Its Position

January 18, 2018 - By Adrian Mccoy

Royal Bank Of Canada increased its stake in Sysco Corp (SYY) by 9713.73% based on its latest 2017Q3 regulatory filing with the SEC. Royal Bank Of Canada bought 1.35M shares as the company’s stock rose 4.26% with the market. The institutional investor held 1.36M shares of the food distributors company at the end of 2017Q3, valued at $73.59 million, up from 13,900 at the end of the previous reported quarter. Royal Bank Of Canada who had been investing in Sysco Corp for a number of months, seems to be bullish on the $32.45B market cap company. The stock increased 0.11% or $0.07 during the last trading session, reaching $62.27. About 661,160 shares traded. Sysco Corporation (NYSE:SYY) has risen 11.23% since January 18, 2017 and is uptrending. It has underperformed by 5.47% the S&P500.

Quantum Capital Management decreased its stake in Olin Corp (OLN) by 6.71% based on its latest 2017Q3 regulatory filing with the SEC. Quantum Capital Management sold 15,902 shares as the company’s stock rose 1.10% with the market. The institutional investor held 221,161 shares of the major chemicals company at the end of 2017Q3, valued at $7.58M, down from 237,063 at the end of the previous reported quarter. Quantum Capital Management who had been investing in Olin Corp for a number of months, seems to be less bullish one the $6.04B market cap company. The stock decreased 0.63% or $0.23 during the last trading session, reaching $36.27. About 1.07 million shares traded. Olin Corporation (NYSE:OLN) has risen 51.90% since January 18, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.12, from 1.07 in 2017Q2. It turned negative, as 33 investors sold OLN shares while 95 reduced holdings. 42 funds opened positions while 79 raised stakes. 147.38 million shares or 2.64% less from 151.38 million shares in 2017Q2 were reported. State Of Wisconsin Board invested 0% of its portfolio in Olin Corporation (NYSE:OLN). Gemmer Asset Management Ltd Liability Corporation holds 0% of its portfolio in Olin Corporation (NYSE:OLN) for 159 shares. Texas Yale has invested 0.03% in Olin Corporation (NYSE:OLN). Schwab Charles Inv Inc owns 985,903 shares. Moreover, Nationwide Fund Advsrs has 0.04% invested in Olin Corporation (NYSE:OLN). Bowen Hanes Communication Incorporated reported 822,205 shares or 1.32% of all its holdings. Bokf Na, a Oklahoma-based fund reported 9,733 shares. Cwm Limited Liability Corp invested 0% in Olin Corporation (NYSE:OLN). Moreover, Willingdon Wealth Mngmt has 0% invested in Olin Corporation (NYSE:OLN) for 200 shares. Moreover, Luminus Mngmt Lc has 0.6% invested in Olin Corporation (NYSE:OLN). London Of Virginia reported 0.56% stake. Lazard Asset Mgmt Limited has 0% invested in Olin Corporation (NYSE:OLN). Advantus Management Inc reported 20,944 shares or 0.02% of all its holdings. Cordasco Net holds 700 shares or 0.03% of its portfolio. Smithfield Tru has invested 0.02% in Olin Corporation (NYSE:OLN).

Quantum Capital Management, which manages about $700.30 million and $423.16 million US Long portfolio, upped its stake in Sportsmans Whse Hldgs Inc (NASDAQ:SPWH) by 178,142 shares to 190,228 shares, valued at $858,000 in 2017Q3, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 36,508 shares in the quarter, for a total of 54,508 shares, and has risen its stake in Fnb Corp Pa (NYSE:FNB).

Since August 2, 2017, it had 0 insider buys, and 3 sales for $1.41 million activity. Curley Stephen C had sold 5,000 shares worth $151,724 on Tuesday, August 15.

Among 13 analysts covering Olin Corporation (NYSE:OLN), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Olin Corporation had 40 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, July 28 by Cowen & Co. The stock of Olin Corporation (NYSE:OLN) earned “Buy” rating by Nomura on Thursday, January 7. Susquehanna upgraded the stock to “Positive” rating in Thursday, August 6 report. RBC Capital Markets maintained it with “Buy” rating and $42.0 target in Tuesday, October 17 report. The firm has “Neutral” rating given on Thursday, February 2 by Longbow. The firm earned “Buy” rating on Thursday, February 4 by Monness Crespi. RBC Capital Markets maintained it with “Outperform” rating and $24 target in Friday, July 22 report. The stock of Olin Corporation (NYSE:OLN) has “Outperform” rating given on Tuesday, June 28 by Cowen & Co. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, September 8. The company was downgraded on Wednesday, September 7 by Longbow.

Analysts await Olin Corporation (NYSE:OLN) to report earnings on January, 30. They expect $0.41 earnings per share, up 32.26% or $0.10 from last year’s $0.31 per share. OLN’s profit will be $68.24M for 22.12 P/E if the $0.41 EPS becomes a reality. After $0.35 actual earnings per share reported by Olin Corporation for the previous quarter, Wall Street now forecasts 17.14% EPS growth.

Royal Bank Of Canada, which manages about $208.24 billion US Long portfolio, decreased its stake in Equinix Inc (NASDAQ:EQIX) by 3,192 shares to 47,833 shares, valued at $21.35M in 2017Q3, according to the filing. It also reduced its holding in Proshares Tr Ii by 119,708 shares in the quarter, leaving it with 200,699 shares, and cut its stake in Pentair Plc (NYSE:PNR).

Among 19 analysts covering Sysco Corporation (NYSE:SYY), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Sysco Corporation had 49 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Buy” on Monday, July 17. Bank of America upgraded Sysco Corporation (NYSE:SYY) on Tuesday, November 8 to “Buy” rating. Morgan Stanley downgraded Sysco Corporation (NYSE:SYY) on Tuesday, February 2 to “Underweight” rating. RBC Capital Markets initiated the shares of SYY in report on Wednesday, January 25 with “Sector Perform” rating. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, September 5. The firm has “Buy” rating given on Friday, June 23 by Wells Fargo. The company was initiated on Monday, July 18 by Deutsche Bank. Credit Suisse maintained the stock with “Outperform” rating in Friday, February 19 report. The stock of Sysco Corporation (NYSE:SYY) has “Equal-Weight” rating given on Tuesday, January 16 by Morgan Stanley. The rating was initiated by Goldman Sachs with “Sell” on Tuesday, December 15.

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