Evercore Trust Company Position in Whirlpool (WHR) Lifted as Stock Value Rose; As Cia De Saneamento Basico Adr (SBS) Valuation Declined, Holder Cohen & Steers Lifted Its Position

January 22, 2018 - By Nellie Frank

Evercore Trust Company increased its stake in Whirlpool Corp (WHR) by 4.14% based on its latest 2017Q3 regulatory filing with the SEC. Evercore Trust Company bought 53,819 shares as the company’s stock rose 1.07% with the market. The institutional investor held 1.36M shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $249.96 million, up from 1.30M at the end of the previous reported quarter. Evercore Trust Company who had been investing in Whirlpool Corp for a number of months, seems to be bullish on the $12.04B market cap company. The stock increased 0.08% or $0.14 during the last trading session, reaching $167.53. About 879,683 shares traded. Whirlpool Corporation (NYSE:WHR) has risen 6.81% since January 22, 2017 and is uptrending. It has underperformed by 9.89% the S&P500.

Cohen & Steers Inc increased its stake in Cia De Saneamento Basico Adr (SBS) by 139.14% based on its latest 2017Q3 regulatory filing with the SEC. Cohen & Steers Inc bought 338,844 shares as the company’s stock declined 15.61% while stock markets rallied. The institutional investor held 582,372 shares of the water supply company at the end of 2017Q3, valued at $6.09 million, up from 243,528 at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in Cia De Saneamento Basico Adr for a number of months, seems to be bullish on the $7.73 billion market cap company. The stock increased 1.19% or $0.13 during the last trading session, reaching $11.03. About 1.18M shares traded. Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) has risen 24.02% since January 22, 2017 and is uptrending. It has outperformed by 7.32% the S&P500.

Cohen & Steers Inc, which manages about $36.65B US Long portfolio, decreased its stake in Cigna Corporation (NYSE:CI) by 64,450 shares to 102,435 shares, valued at $19.15M in 2017Q3, according to the filing. It also reduced its holding in National Retail Properties (NYSE:NNN) by 285,941 shares in the quarter, leaving it with 3.11 million shares, and cut its stake in Cyrusone Inc (NASDAQ:CONE).

Among 4 analysts covering Basic Sanitation Company of the State of Sao Paulo (NYSE:SBS), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. Basic Sanitation Company of the State of Sao Paulo had 6 analyst reports since February 21, 2017 according to SRatingsIntel. The company was downgraded on Tuesday, February 21 by Citigroup. The firm has “Sell” rating by Citigroup given on Thursday, April 20. Citigroup downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) on Monday, August 14 to “Sell” rating. The firm has “Buy” rating by HSBC given on Wednesday, November 22. The rating was upgraded by J.P. Morgan to “Buy” on Monday, November 27. JP Morgan upgraded the shares of SBS in report on Monday, November 27 to “Overweight” rating.

Evercore Trust Company, which manages about $34.59B US Long portfolio, decreased its stake in Versum Matls Inc by 28,651 shares to 78,831 shares, valued at $3.06M in 2017Q3, according to the filing. It also reduced its holding in Allergan Plc by 51,617 shares in the quarter, leaving it with 1.42M shares, and cut its stake in Alcoa Corp.

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.14, from 0.88 in 2017Q2. It is positive, as 48 investors sold WHR shares while 188 reduced holdings. 54 funds opened positions while 187 raised stakes. 65.00 million shares or 1.05% less from 65.69 million shares in 2017Q2 were reported. Shell Asset has 12,082 shares for 0.03% of their portfolio. Teacher Retirement Of Texas owns 315,507 shares or 0.36% of their US portfolio. The Virginia-based Palladium Prns Ltd Liability has invested 0.19% in Whirlpool Corporation (NYSE:WHR). Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma has 6 shares for 0% of their portfolio. Federated Investors Pa accumulated 118,131 shares or 0.06% of the stock. Capital Interest Limited Ca holds 0.44% in Whirlpool Corporation (NYSE:WHR) or 36,000 shares. Bollard Gp Limited Com accumulated 2,184 shares. Sector Pension Board holds 0.01% or 8,302 shares. Us Bancorp De owns 63,317 shares. Finemark Natl Financial Bank owns 1,200 shares or 0.01% of their US portfolio. House Ltd Liability Corporation stated it has 26,403 shares or 0.64% of all its holdings. Riggs Asset Managment holds 0.01% of its portfolio in Whirlpool Corporation (NYSE:WHR) for 150 shares. Hodges Capital invested 0.28% in Whirlpool Corporation (NYSE:WHR). Nationwide Fund has 20,704 shares for 0.02% of their portfolio. Barrow Hanley Mewhinney Strauss Ltd Liability Company invested in 0.51% or 1.83M shares.

Among 10 analysts covering Whirlpool (NYSE:WHR), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Whirlpool has $22600 highest and $171 lowest target. $191.13’s average target is 14.09% above currents $167.53 stock price. Whirlpool had 28 analyst reports since August 13, 2015 according to SRatingsIntel. JP Morgan upgraded it to “Overweight” rating and $205 target in Tuesday, March 15 report. KeyBanc Capital Markets maintained Whirlpool Corporation (NYSE:WHR) rating on Friday, November 17. KeyBanc Capital Markets has “Buy” rating and $210.0 target. On Monday, October 26 the stock rating was maintained by RBC Capital Markets with “Top Pick”. On Monday, October 17 the stock rating was downgraded by M Partners to “Neutral”. RBC Capital Markets maintained it with “Buy” rating and $21600 target in Thursday, June 1 report. Raymond James upgraded the stock to “Strong Buy” rating in Monday, October 26 report. The stock of Whirlpool Corporation (NYSE:WHR) earned “Hold” rating by Gabelli on Monday, September 12. RBC Capital Markets maintained Whirlpool Corporation (NYSE:WHR) rating on Thursday, August 13. RBC Capital Markets has “Outperform” rating and $213 target. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, October 24. The firm earned “Hold” rating on Tuesday, October 24 by Credit Suisse.

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