EPS for Flex Ltd. (FLEX) Expected At $0.23; Verition Fund Management Lifted Its Toro Co (TTC) Position

April 20, 2018 - By Winifred Garcia

The Toro Company (NYSE:TTC) Logo

Verition Fund Management Llc increased Toro Co (TTC) stake by 205.53% reported in 2017Q4 SEC filing. Verition Fund Management Llc acquired 13,536 shares as Toro Co (TTC)’s stock declined 7.16%. The Verition Fund Management Llc holds 20,122 shares with $1.31 million value, up from 6,586 last quarter. Toro Co now has $6.53B valuation. The stock decreased 0.66% or $0.41 during the last trading session, reaching $61.6. About 287,468 shares traded. The Toro Company (NYSE:TTC) has declined 0.49% since April 20, 2017 and is downtrending. It has underperformed by 12.04% the S&P500.

Analysts expect Flex Ltd. (NASDAQ:FLEX) to report $0.23 EPS on April, 26 after the close.They anticipate $0.03 EPS change or 11.54% from last quarter’s $0.26 EPS. FLEX’s profit would be $121.36M giving it 18.66 P/E if the $0.23 EPS is correct. After having $0.22 EPS previously, Flex Ltd.’s analysts see 4.55% EPS growth. The stock decreased 1.66% or $0.29 during the last trading session, reaching $17.17. About 2.00 million shares traded. Flex Ltd. (NASDAQ:FLEX) has risen 0.24% since April 20, 2017 and is uptrending. It has underperformed by 11.31% the S&P500.

Verition Fund Management Llc decreased Cummins Inc (NYSE:CMI) stake by 3,370 shares to 1,182 valued at $209,000 in 2017Q4. It also reduced Express Scripts Hldg Co (NASDAQ:ESRX) stake by 12,303 shares and now owns 3,090 shares. Danaher Corp Del (NYSE:DHR) was reduced too.

Among 7 analysts covering Toro (NYSE:TTC), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Toro had 13 analyst reports since December 4, 2015 according to SRatingsIntel. The rating was initiated by Seaport Global with “Neutral” on Tuesday, May 24. The stock has “Neutral” rating by Longbow on Friday, December 4. The firm has “Buy” rating by Dougherty & Company given on Friday, February 24. On Friday, November 4 the stock rating was initiated by Dougherty & Company with “Buy”. The rating was downgraded by Dougherty & Company on Friday, August 25 to “Neutral”. Seaport Global Securities upgraded the shares of TTC in report on Friday, January 13 to “Buy” rating. As per Monday, December 12, the company rating was downgraded by Longbow. Seaport Global maintained the shares of TTC in report on Thursday, January 18 with “Hold” rating. On Friday, August 25 the stock rating was downgraded by Seaport Global to “Hold”. Sidoti downgraded the shares of TTC in report on Friday, June 10 to “Neutral” rating.

Since December 11, 2017, it had 0 insider buys, and 11 insider sales for $8.98 million activity. Rodier Richard W also sold $258,684 worth of The Toro Company (NYSE:TTC) on Wednesday, February 28. Another trade for 13,348 shares valued at $858,997 was sold by BUHRMASTER ROBERT C. $274,647 worth of stock was sold by HAMILTON BRADLEY A on Thursday, January 4. 8,200 shares were sold by Grams Blake M, worth $528,646 on Monday, February 26. $488,712 worth of The Toro Company (NYSE:TTC) shares were sold by HARLESS KATHERINE J. $1.51M worth of The Toro Company (NYSE:TTC) was sold by ALKIRE DAVID H. 5,036 shares valued at $324,419 were sold by COOPER JANET KATHERINE on Tuesday, February 27.

Investors sentiment decreased to 0.81 in 2017 Q4. Its down 0.36, from 1.17 in 2017Q3. It fall, as 37 investors sold TTC shares while 127 reduced holdings. 48 funds opened positions while 85 raised stakes. 77.25 million shares or 1.91% less from 78.75 million shares in 2017Q3 were reported. State Treasurer State Of Michigan accumulated 38,700 shares or 0.02% of the stock. Pub Employees Retirement Association Of Colorado invested 0.01% of its portfolio in The Toro Company (NYSE:TTC). Pictet Asset Mngmt Limited invested in 0.34% or 2.02 million shares. 214,199 were accumulated by Van Eck Assoc. Pure Advsr invested 0.08% in The Toro Company (NYSE:TTC). The Ohio-based Huntington Savings Bank has invested 0.01% in The Toro Company (NYSE:TTC). Ellington Mngmt Group Inc Limited Liability Corp reported 8,900 shares stake. Virginia Retirement Et Al reported 0.01% of its portfolio in The Toro Company (NYSE:TTC). 5,633 were reported by Koch Industry. Sit Incorporated reported 0.01% in The Toro Company (NYSE:TTC). Royal Natl Bank Of Canada reported 243,990 shares. Ls Inv Advsrs Lc reported 6,824 shares stake. Metropolitan Life Com Ny reported 35,634 shares. Asset Inc accumulated 45,699 shares. Advisor Partners Ltd Com holds 3,184 shares.

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company has market cap of $9.06 billion. It offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables clients to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. It has a 17.03 P/E ratio. The firm also provides design and engineering services, including contract design and joint development manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services.

Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Flextronics International Ltd. had 48 analyst reports since July 28, 2015 according to SRatingsIntel. UBS maintained it with “Buy” rating and $19.75 target in Friday, October 27 report. The stock of Flex Ltd. (NASDAQ:FLEX) earned “Buy” rating by RBC Capital Markets on Monday, July 24. As per Friday, December 11, the company rating was upgraded by Citigroup. The firm earned “Outperform” rating on Friday, January 15 by RBC Capital Markets. RBC Capital Markets maintained Flex Ltd. (NASDAQ:FLEX) rating on Thursday, August 27. RBC Capital Markets has “Outperform” rating and $14 target. Citigroup maintained Flex Ltd. (NASDAQ:FLEX) rating on Friday, April 29. Citigroup has “Buy” rating and $15 target. RBC Capital Markets maintained Flex Ltd. (NASDAQ:FLEX) rating on Thursday, January 25. RBC Capital Markets has “Buy” rating and $22.0 target. The stock of Flex Ltd. (NASDAQ:FLEX) has “Buy” rating given on Friday, January 29 by Argus Research. The stock of Flex Ltd. (NASDAQ:FLEX) earned “Buy” rating by Needham on Tuesday, October 20. The firm has “Buy” rating given on Wednesday, September 9 by UBS.

Investors sentiment decreased to 0.81 in 2017 Q4. Its down 0.11, from 0.92 in 2017Q3. It worsened, as 35 investors sold Flex Ltd. shares while 113 reduced holdings. 53 funds opened positions while 67 raised stakes. 501.93 million shares or 0.95% more from 497.19 million shares in 2017Q3 were reported. Quantitative Systematic Strategies Ltd Limited Liability Company reported 13,091 shares stake. Deutsche Bancorporation Ag reported 558,067 shares. First Trust Lp accumulated 25,678 shares. Lenox Wealth Advsrs holds 0% of its portfolio in Flex Ltd. (NASDAQ:FLEX) for 137 shares. Jennison Ltd Com owns 8.64 million shares or 0.15% of their US portfolio. 261 were accumulated by Cwm Ltd Llc. Ingalls & Snyder Lc invested 0.02% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Gmt reported 5.43M shares. Northern Cap Mngmt Llc has invested 0.31% in Flex Ltd. (NASDAQ:FLEX). Fukoku Mutual Life invested 0.02% of its portfolio in Flex Ltd. (NASDAQ:FLEX). First Eagle Mngmt Limited Liability Co invested in 3.49 million shares or 0.15% of the stock. Commercial Bank Of America Corp De owns 6.70 million shares for 0.02% of their portfolio. Cap Ltd Ca accumulated 36,679 shares. Axa accumulated 11,668 shares or 0% of the stock. Commonwealth Fincl Bank Of Aus stated it has 0.03% of its portfolio in Flex Ltd. (NASDAQ:FLEX).

The Toro Company (NYSE:TTC) Institutional Positions Chart

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