Heritage Investors Management Lowered Its United Technologies (UTX) Position; Ascendia Brands (ASB) Has 2.06 Sentiment

June 14, 2018 - By Peter Erickson

Associated Banc-Corp (NYSE:ASB) Logo

Ascendia Brands Inc (ASB) investors sentiment increased to 2.06 in Q1 2018. It’s up 0.72, from 1.34 in 2017Q4. The ratio increased, as 136 hedge funds started new or increased holdings, while 66 sold and trimmed holdings in Ascendia Brands Inc. The hedge funds in our database reported: 129.10 million shares, up from 117.28 million shares in 2017Q4. Also, the number of hedge funds holding Ascendia Brands Inc in top ten holdings was flat from 2 to 2 for the same number . Sold All: 22 Reduced: 44 Increased: 100 New Position: 36.

Heritage Investors Management Corp decreased United Technologies Corp (UTX) stake by 2.14% reported in 2018Q1 SEC filing. Heritage Investors Management Corp sold 3,853 shares as United Technologies Corp (UTX)’s stock declined 6.23%. The Heritage Investors Management Corp holds 175,847 shares with $22.13M value, down from 179,700 last quarter. United Technologies Corp now has $101.65B valuation. The stock increased 0.09% or $0.11 during the last trading session, reaching $127.05. About 1.81M shares traded. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 14, 2017 and is uptrending. It has underperformed by 8.66% the S&P500. Some Historical UTX News: ; 16/03/2018 – UNITED TECHNOLOGIES REAFFIRMS FORECAST FOR 2018 IN SLIDES; 24/04/2018 – UNITED TECHNOLOGIES 1Q ADJ EPS $1.77; 24/04/2018 – UNITED TECH SAYS SEEN NO CHANGE IN BEHAVIOR FROM CHINESE REGULATORS WITH RESPECT TO THE ROCKWELL COLLINS DEAL – CONF CALL; 04/05/2018 – European Commission Approves UTC Takeover of Rockwell With Conditions; 24/04/2018 – UNITED TECHNOLOGIES 1Q EARNINGS CALL BEGINS; 09/05/2018 – Fit For A King: UTC Aerospace Systems Providing Key Power Transmission Components For America’s Most Powerful Helicopter, The S; 24/04/2018 – UNITED TECHNOLOGIES BOOSTS FORECAST; 20/03/2018 – MEDIA-Pratt to ship spare engines for grounded lndiGo jets – Bloomberg; 05/03/2018 EXCLUSIVE-Airbus sets services goal, targets productivity gains; 08/03/2018 – BOEING CEO SAYS SELECTIVE ACQUISITIONS ON SCALE OF POSSIBLE EMBRAER TIE-UP ‘VERY DOABLE’ WITHOUT ALTERING CASH DEPLOYMENT STRATEGY

Associated Banc holds 3.67% of its portfolio in Associated Banc-Corp for 2.60 million shares. Cramer Rosenthal Mcglynn Llc owns 4.58 million shares or 1.86% of their US portfolio. Moreover, Maltese Capital Management Llc has 1.54% invested in the company for 910,042 shares. The New York-based Dalton Greiner Hartman Maher & Co has invested 1.49% in the stock. Lomas Capital Management Llc, a New York-based fund reported 240,054 shares.

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has market cap of $4.81 billion. The Company’s Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. It has a 19.82 P/E ratio. This segment also provides specialized financial services that comprise interest rate risk management, foreign exchange solutions, and commodity hedging services.

Analysts await Associated Banc-Corp (NYSE:ASB) to report earnings on July, 19. They expect $0.47 EPS, up 30.56% or $0.11 from last year’s $0.36 per share. ASB’s profit will be $80.28 million for 14.97 P/E if the $0.47 EPS becomes a reality. After $0.50 actual EPS reported by Associated Banc-Corp for the previous quarter, Wall Street now forecasts -6.00% negative EPS growth.

The stock increased 0.18% or $0.05 during the last trading session, reaching $28.15. About 420,080 shares traded. Associated Banc-Corp (ASB) has risen 13.32% since June 14, 2017 and is uptrending. It has outperformed by 0.75% the S&P500. Some Historical ASB News: ; 02/04/2018 – ASSOCIATED BANC-CORP: FILES MIXED SECURITIES SHELF; 23/04/2018 – DJ Associated Banc-Corp, Inst Holders, 1Q 2018 (ASB); 18/05/2018 – Report: Developing Opportunities within AG Mortgage Investment Trust, Associated Banc-Corp, Reata Pharmaceuticals, Nathan’s Fam; 01/05/2018 – Associated Banc-Corp: Terms of Transaction Not Disclosed; 21/03/2018 Associated Banc-Corp Raises Prime Rate to 4.75% From 4.50%; 20/04/2018 – ASSOCIATED BANC-CORP ASB.N : KBW RAISES TARGET PRICE TO $29 FROM $27; 11/04/2018 – Associated Bank offers Milwaukee Brewers fans the “Home Crew Advantage”; 24/04/2018 – ASSOCIATED BANC-CORP ASB.N – REPURCHASE AUTHORIZATION IS IN ADDITION TO AUTHORITY REMAINING UNDER PREVIOUS PROGRAM; 20/04/2018 – CORRECT: ASB 1Q EPS 40C, MAY NOT COMPARE WITH EST. 41C; 24/04/2018 – Associated Announces Annual Meeting Results, Dividends and Share Repurchase Program

Ratings analysis reveals 0 of Assoc Banc-Corp’s analysts are positive. Out of 5 Wall Street analysts rating Assoc Banc-Corp, 0 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. ASB was included in 5 notes of analysts from November 28, 2016. JMP Securities initiated the stock with “Mkt Perform” rating in Thursday, February 2 report. The rating was downgraded by Jefferies on Monday, November 28 to “Hold”. Piper Jaffray initiated the stock with “Neutral” rating in Thursday, January 12 report. The firm has “Neutral” rating given on Thursday, December 15 by Bank of America. The firm earned “Hold” rating on Wednesday, December 21 by SunTrust.

More news for Associated Banc-Corp (NYSE:ASB) were recently published by: Investorplace.com, which released: “5 Top-Ranked Bank Stocks to Profit From Fed’s Rate Hike” on June 14, 2018. Prnewswire.com‘s article titled: “New partnerships with Packers alumni Donald Driver and Jerry Kramer help Associated Bank celebrate 100 seasons …” and published on June 04, 2018 is yet another important article.

Heritage Investors Management Corp increased Merck & Co Inc (NYSE:MRK) stake by 13,438 shares to 251,926 valued at $13.72 million in 2018Q1. It also upped Equinix Inc (NASDAQ:EQIX) stake by 7,183 shares and now owns 10,398 shares. Facebook Inc (NASDAQ:FB) was raised too.

Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 23. The stock of United Technologies Corporation (NYSE:UTX) has “Sector Perform” rating given on Thursday, January 12 by RBC Capital Markets. Deutsche Bank maintained United Technologies Corporation (NYSE:UTX) on Tuesday, August 25 with “Hold” rating. The firm earned “Buy” rating on Tuesday, July 25 by Cowen & Co. The rating was upgraded by Argus Research on Friday, February 9 to “Buy”. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Friday, November 10. RBC Capital Markets has “Hold” rating and $126.0 target. The rating was maintained by Citigroup with “Buy” on Thursday, September 10. The rating was upgraded by RBC Capital Markets to “Buy” on Wednesday, January 3. The firm has “Hold” rating given on Friday, August 11 by RBC Capital Markets. Jefferies maintained United Technologies Corporation (NYSE:UTX) on Tuesday, May 30 with “Buy” rating.

Since December 15, 2017, it had 1 insider purchase, and 5 selling transactions for $2.57 million activity. Shares for $56,034 were sold by Bailey Robert J. on Thursday, February 22. On Wednesday, May 2 the insider MCDONOUGH ROBERT J sold $1.28M. 9,700 United Technologies Corporation (NYSE:UTX) shares with value of $1.25M were sold by Gill Charles D. Reynolds Fredric G also bought $1.09M worth of United Technologies Corporation (NYSE:UTX) shares. Another trade for 4,341 shares valued at $546,600 was made by Amato Elizabeth B on Friday, December 15. JOHRI AKHIL also sold $803,037 worth of United Technologies Corporation (NYSE:UTX) on Tuesday, May 22.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It increased, as 62 investors sold UTX shares while 542 reduced holdings. 98 funds opened positions while 467 raised stakes. 630.65 million shares or 1.06% more from 624.06 million shares in 2017Q4 were reported. Lvm Cap Mgmt Mi holds 0.07% or 2,449 shares. Amica Pension Fund Board Of Trustees has invested 0.38% of its portfolio in United Technologies Corporation (NYSE:UTX). Abner Herrman And Brock Limited Co holds 88,804 shares or 1.77% of its portfolio. Shufro Rose Company Lc reported 0.04% stake. The California-based Primecap Co Ca has invested 0.06% in United Technologies Corporation (NYSE:UTX). Wheatland Advsrs reported 12,375 shares. Riverhead Capital Management Ltd Liability has 19,044 shares for 0.1% of their portfolio. Bryn Mawr Trust has 0.94% invested in United Technologies Corporation (NYSE:UTX). Whittier Tru Co Of Nevada has 0.46% invested in United Technologies Corporation (NYSE:UTX). Arvest Natl Bank Trust Division has invested 0.02% in United Technologies Corporation (NYSE:UTX). Ashmore Wealth Mgmt Ltd Liability Company reported 146,834 shares. Ontario – Canada-based Manufacturers Life Insur Co The has invested 0.62% in United Technologies Corporation (NYSE:UTX). Naples Global Advsrs Ltd reported 0.41% of its portfolio in United Technologies Corporation (NYSE:UTX). Raab & Moskowitz Asset Mngmt Limited Company reported 0.6% of its portfolio in United Technologies Corporation (NYSE:UTX). Neville Rodie And Shaw holds 72,725 shares.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.83 earnings per share, down 1.08% or $0.02 from last year’s $1.85 per share. UTX’s profit will be $1.46 billion for 17.36 P/E if the $1.83 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.39% EPS growth.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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