Kames Capital Plc Has Trimmed Kar Auction Services (KAR) Stake; Last Week Associated British Foods plc (ASBFY) Analysts

February 12, 2018 - By Richard Conner

Among 6 analysts covering Associated British Foods (OTCMKTS:ASBFY), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Associated British Foods had 8 analyst reports since September 13, 2016 according to SRatingsIntel. Numis Securities downgraded Associated British Foods plc (OTCMKTS:ASBFY) on Thursday, January 12 to “Add” rating. The stock of Associated British Foods plc (OTCMKTS:ASBFY) has “Hold” rating given on Wednesday, November 9 by Kepler Cheuvreux. The company was downgraded on Thursday, January 26 by BNP Paribas. The stock of Associated British Foods plc (OTCMKTS:ASBFY) earned “Hold” rating by Goldman Sachs on Tuesday, November 7. The firm earned “Buy” rating on Friday, November 11 by Societe Generale. The stock of Associated British Foods plc (OTCMKTS:ASBFY) earned “Underperform” rating by Jefferies on Tuesday, September 13. The firm has “Hold” rating given on Friday, October 21 by Jefferies. The firm has “Add” rating given on Friday, September 23 by Numis Securities. See Associated British Foods plc (OTCMKTS:ASBFY) latest ratings:

07/11/2017 Broker: Goldman Sachs Rating: Hold Downgrade

Kames Capital Plc decreased Kar Auction Services Inc. (KAR) stake by 30.52% reported in 2017Q3 SEC filing. Kames Capital Plc sold 278,459 shares as Kar Auction Services Inc. (KAR)’s stock declined 7.64%. The Kames Capital Plc holds 633,958 shares with $30.25M value, down from 912,417 last quarter. Kar Auction Services Inc. now has $6.80 billion valuation. The stock increased 1.58% or $0.78 during the last trading session, reaching $50.29. About 262,643 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 7.49% since February 12, 2017 and is uptrending. It has underperformed by 9.21% the S&P500.

The stock increased 0.85% or $0.31 during the last trading session, reaching $36.58. About 8,218 shares traded. Associated British Foods plc (OTCMKTS:ASBFY) has 0.00% since February 12, 2017 and is . It has underperformed by 16.70% the S&P500.

Associated British Foods plc operates as a diversified food, ingredients, and retail firm worldwide. The company has market cap of $27.13 billion. It operates through five divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 17.09 P/E ratio. The Grocery segment makes and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products to retail, wholesale, and foodservice businesses.

Analysts await KAR Auction Services, Inc. (NYSE:KAR) to report earnings on February, 20. They expect $0.52 EPS, up 15.56% or $0.07 from last year’s $0.45 per share. KAR’s profit will be $70.33 million for 24.18 P/E if the $0.52 EPS becomes a reality. After $0.57 actual EPS reported by KAR Auction Services, Inc. for the previous quarter, Wall Street now forecasts -8.77% negative EPS growth.

Kames Capital Plc increased Albemarle Corporation (NYSE:ALB) stake by 128,567 shares to 654,713 valued at $89.22 million in 2017Q3. It also upped Nucor Corporation (NYSE:NUE) stake by 5,711 shares and now owns 292,086 shares. Cdw Corporation (NASDAQ:CDW) was raised too.

Investors sentiment decreased to 1.33 in 2017 Q3. Its down 0.04, from 1.37 in 2017Q2. It is negative, as 25 investors sold KAR shares while 87 reduced holdings. 48 funds opened positions while 101 raised stakes. 129.67 million shares or 1.77% less from 132.02 million shares in 2017Q2 were reported. South Texas Money Mngmt Ltd owns 279,396 shares for 0.63% of their portfolio. Brookstone Management invested 0.03% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). First State Bank Of Omaha accumulated 131,792 shares. Voya Invest Management Ltd Llc reported 0.01% in KAR Auction Services, Inc. (NYSE:KAR). Kbc Group Inc Nv, Belgium-based fund reported 2,696 shares. Yorktown And Rech reported 0.08% in KAR Auction Services, Inc. (NYSE:KAR). Tudor Investment Et Al reported 0.07% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Pitcairn Company stated it has 6,661 shares. Guggenheim Cap Lc reported 0.01% in KAR Auction Services, Inc. (NYSE:KAR). Schwab Charles Mgmt has 620,297 shares. Gamco Investors Et Al holds 454,600 shares or 0.13% of its portfolio. Vident Inv Advisory Limited Liability Corporation has 9,307 shares for 0.02% of their portfolio. Gates Capital Mgmt Inc reported 856,964 shares or 1.16% of all its holdings. 1.91M were reported by Vaughan Nelson Invest Mgmt L P. Engineers Gate Manager Lp invested in 37,953 shares or 0.15% of the stock.

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