Renaissance Group Decreased Stake in Applied Materials (AMAT) as Stock Price Declined; As Woodward (WWD) Shares Rose, Ameritas Investment Partners Lifted Position

June 23, 2018 - By Richard Conner

Woodward, Inc. (NASDAQ:WWD) Logo

Renaissance Group Llc decreased its stake in Applied Materials Inc (AMAT) by 5.36% based on its latest 2018Q1 regulatory filing with the SEC. Renaissance Group Llc sold 37,062 shares as the company’s stock declined 13.54% with the market. The institutional investor held 654,681 shares of the technology company at the end of 2018Q1, valued at $36.41 million, down from 691,743 at the end of the previous reported quarter. Renaissance Group Llc who had been investing in Applied Materials Inc for a number of months, seems to be less bullish one the $48.35B market cap company. The stock decreased 2.10% or $1.03 during the last trading session, reaching $47.96. About 11.09M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since June 23, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Ameritas Investment Partners Inc increased its stake in Woodward Inc (WWD) by 27% based on its latest 2018Q1 regulatory filing with the SEC. Ameritas Investment Partners Inc bought 5,700 shares as the company’s stock rose 2.65% while stock markets declined. The institutional investor held 26,810 shares of the energy company at the end of 2018Q1, valued at $1.92M, up from 21,110 at the end of the previous reported quarter. Ameritas Investment Partners Inc who had been investing in Woodward Inc for a number of months, seems to be bullish on the $4.78B market cap company. The stock increased 0.12% or $0.09 during the last trading session, reaching $77.75. About 176,406 shares traded. Woodward, Inc. (NASDAQ:WWD) has risen 8.91% since June 23, 2017 and is uptrending. It has underperformed by 3.66% the S&P500. Some Historical WWD News: 17/05/2018 – Boeing Is in Talks to Buy Aerospace-Parts Maker Woodward; 30/05/2018 – Woodward Closes Above 200-Day Moving Average: Technicals; 23/04/2018 – WOODWARD INC WWD.O SEES FY 2018 SALES ABOUT $2.2 BLN; 23/04/2018 – Woodward Reports Net Sales Growth, Revises FY 2018 Outlook; 23/04/2018 – WOODWARD SEES YR ADJ. EPS $3.60 TO $3.80; 23/04/2018 – WOODWARD SEES FY EPS $3.00 TO $3.20, EST. $3.47; 23/04/2018 – WOODWARD INC SEES FISCAL 2018 ADJUSTED EARNINGS PER SHARE ARE EXPECTED TO BE BETWEEN $3.60 AND $3.80; 23/04/2018 – WOODWARD INC WWD.O FY2018 SHR VIEW $3.35, REV VIEW $2.25 BLN — THOMSON REUTERS l/B/E/S; 09/04/2018 – Woodward, Rolls-Royce Boards Have Approved L’Orange Deal; 09/04/2018 – Rolls-Royce to Sell L’Orange to Woodward for EUR700 Mln

Investors sentiment increased to 0.95 in 2018 Q1. Its up 0.09, from 0.86 in 2017Q4. It improved, as 50 investors sold AMAT shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported. Lvm Cap Mgmt Ltd Mi owns 21,600 shares. Diligent Limited Liability Company invested 0.59% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Axa stated it has 835,218 shares. Paloma Ptnrs Mgmt Co has 0.02% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 19,546 shares. New York State Teachers Retirement Systems holds 0.24% or 1.79M shares. 7.23M are held by D E Shaw & Com Incorporated. Wells Fargo & Com Mn owns 3.73M shares or 0.06% of their US portfolio. Blair William Il invested in 0.02% or 56,143 shares. Liberty Mutual Gp Asset Mgmt Inc accumulated 42,506 shares. Brighton Jones Ltd Company holds 10,529 shares. Next Fincl Gru Inc stated it has 5,389 shares or 0.06% of all its holdings. Moreover, Finemark State Bank And Tru has 0.08% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 21,988 shares. Rnc Capital Ltd Liability Corp has 0.11% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 26,240 shares. Keybank Association Oh holds 374,289 shares. State Board Of Administration Of Florida Retirement Systems has 1.54 million shares.

Since December 29, 2017, it had 0 buys, and 4 selling transactions for $10.41 million activity. Iannotti Thomas J sold $922,050 worth of stock or 15,000 shares. Forrest Stephen R sold 4,000 shares worth $214,680. Another trade for 125,125 shares valued at $6.44M was sold by Salehpour Ali.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on August, 16. They expect $1.16 earnings per share, up 34.88% or $0.30 from last year’s $0.86 per share. AMAT’s profit will be $1.17 billion for 10.34 P/E if the $1.16 EPS becomes a reality. After $1.22 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts -4.92% negative EPS growth.

Renaissance Group Llc, which manages about $2.94B US Long portfolio, upped its stake in Cnooc Limited (NYSE:CEO) by 6,196 shares to 115,664 shares, valued at $17.10 million in 2018Q1, according to the filing. It also increased its holding in Sk Telecom Ltd (NYSE:SKM) by 54,961 shares in the quarter, for a total of 705,916 shares, and has risen its stake in Scor Se (SCRYY).

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. Applied Materials Inc. had 125 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, May 20. RBC Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) on Monday, July 24 with “Hold” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $35 target in Thursday, February 16 report. The firm has “Sell” rating given on Thursday, August 13 by Zacks. The rating was maintained by RBC Capital Markets on Tuesday, August 1 with “Hold”. The stock has “Buy” rating by FBR Capital on Tuesday, January 16. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Thursday, February 15 by Deutsche Bank. UBS maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, May 20 with “Buy” rating. Cowen & Co maintained Applied Materials, Inc. (NASDAQ:AMAT) rating on Friday, August 14. Cowen & Co has “Outperform” rating and $24 target. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Thursday, April 14 by UBS.

More important recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Seekingalpha.com which released: “Applied Materials Looks Undervalued” on May 29, 2018, also Nasdaq.com published article titled: “Applied Materials Breakthrough Accelerates Chip Performance in the Big Data and AI Era”, Globenewswire.com published: “Applied Materials Announces Cash Dividend” on June 07, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) was released by: Seekingalpha.com and their article: “Applied Materials Is Cheap But Not Undervalued” with publication date: June 20, 2018.

More recent Woodward, Inc. (NASDAQ:WWD) news were published by: 9News.com which released: “Colorado aerospace company completes Rolls-Royce unit purchase” on June 04, 2018. Also Globenewswire.com published the news titled: “Woodward Announces Completion of L’Orange Acquisition” on June 04, 2018. Nasdaq.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for B. Riley Financial, Woodward, Sientra, NL Industries …” with publication date: May 29, 2018 was also an interesting one.

Since April 26, 2018, it had 0 insider purchases, and 6 insider sales for $7.02 million activity. $533,553 worth of Woodward, Inc. (NASDAQ:WWD) was sold by Preiss Chad Robert on Monday, May 21. 7,000 Woodward, Inc. (NASDAQ:WWD) shares with value of $510,109 were sold by Weber Robert F Jr. The insider COHN JOHN D sold 3,800 shares worth $276,369. 11,400 shares valued at $869,991 were sold by DONOVAN PAUL on Tuesday, June 5. On Thursday, April 26 the insider Taylor Matthew Freeman sold $293,011.

Among 12 analysts covering Woodward Governor (NASDAQ:WWD), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Woodward Governor had 33 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Friday, August 25. SunTrust maintained Woodward, Inc. (NASDAQ:WWD) on Monday, January 8 with “Hold” rating. Cowen & Co maintained Woodward, Inc. (NASDAQ:WWD) on Monday, July 17 with “Hold” rating. The stock has “Buy” rating by Oppenheimer on Thursday, July 13. The rating was initiated by SunTrust on Thursday, January 19 with “Hold”. Oppenheimer maintained Woodward, Inc. (NASDAQ:WWD) on Monday, August 14 with “Buy” rating. Jefferies maintained the stock with “Hold” rating in Monday, July 24 report. The rating was maintained by Cowen & Co on Thursday, October 19 with “Hold”. The firm earned “Buy” rating on Monday, March 19 by Stephens. Oppenheimer downgraded the stock to “Perform” rating in Thursday, October 26 report.

Woodward, Inc. (NASDAQ:WWD) Institutional Positions Chart

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