Rpm Intl (RPM) Shareholder Capital Planning Advisors Upped Holding; As Kar Auction Svcs (KAR) Valuation Rose, Corsair Capital Management LP Trimmed Stake by $11.27 Million

May 24, 2018 - By Stephen Andrade

RPM International Inc. (NYSE:RPM) Logo

Jay Petschek decreased its stake in Kar Auction Svcs Inc (KAR) by 77.51% based on its latest 2017Q4 regulatory filing with the SEC. Corsair Capital Management Lp sold 225,419 shares as the company’s stock rose 4.37% while stock markets declined. The hedge fund run by Jay Petschek held 65,403 shares of the consumer durables company at the end of 2017Q4, valued at $3.30M, down from 290,822 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Kar Auction Svcs Inc for a number of months, seems to be less bullish one the $7.13 billion market cap company. The stock decreased 0.47% or $0.25 during the last trading session, reaching $52.82. About 334,679 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 22.53% since May 24, 2017 and is uptrending. It has outperformed by 10.98% the S&P500.

Ken Heebner increased its stake in Rpm Intl Inc (RPM) by 174.89% based on its latest 2017Q4 regulatory filing with the SEC. Capital Planning Advisors Llc bought 19,923 shares as the company’s stock declined 9.32% with the market. The hedge fund run by Ken Heebner held 31,315 shares of the paints and coatings company at the end of 2017Q4, valued at $1.64 million, up from 11,392 at the end of the previous reported quarter. Capital Planning Advisors Llc who had been investing in Rpm Intl Inc for a number of months, seems to be bullish on the $6.82B market cap company. The stock decreased 0.02% or $0.01 during the last trading session, reaching $50.99. About 192,455 shares traded. RPM International Inc. (NYSE:RPM) has declined 13.15% since May 24, 2017 and is downtrending. It has underperformed by 24.70% the S&P500.

More news for RPM International Inc. (NYSE:RPM) were recently published by: Globenewswire.com, which released: “Research Report Identifies Herman Miller, CAI International, PICO, RPM International, Zumiez, and Golub Capital BDC …” on April 25, 2018. Seekingalpha.com‘s article titled: “Buy RPM International And Paint The Town Red” and published on May 14, 2018 is yet another important article.

Among 12 analysts covering RPM International (NYSE:RPM), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. RPM International had 21 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of RPM International Inc. (NYSE:RPM) earned “Hold” rating by RBC Capital Markets on Monday, November 13. J.P. Morgan downgraded the stock to “Sell” rating in Friday, March 16 report. The firm earned “Hold” rating on Friday, April 6 by Robert W. Baird. The rating was maintained by Robert W. Baird with “Hold” on Friday, November 3. Seaport Global maintained the shares of RPM in report on Friday, April 6 with “Buy” rating. RBC Capital Markets initiated the stock with “Sector Perform” rating in Wednesday, October 14 report. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, July 13 report. The firm has “Hold” rating given on Monday, October 9 by RBC Capital Markets. The stock has “Buy” rating by BMO Capital Markets on Tuesday, March 27. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, September 5 report.

Investors sentiment increased to 1.36 in Q4 2017. Its up 0.06, from 1.3 in 2017Q3. It is positive, as 30 investors sold RPM shares while 99 reduced holdings. 52 funds opened positions while 124 raised stakes. 98.12 million shares or 0.49% more from 97.64 million shares in 2017Q3 were reported. Baltimore holds 0.04% or 3,989 shares in its portfolio. Bessemer Grp has invested 0.02% in RPM International Inc. (NYSE:RPM). 67,052 are held by Royal Bank & Trust Of Canada. Retirement Sys Of Alabama accumulated 377,686 shares or 0.1% of the stock. Macnealy Hoover Invest Mgmt owns 4,070 shares for 0.15% of their portfolio. Amundi Pioneer Asset Mgmt Inc holds 4,240 shares. Lpl Financial Ltd Liability Corp, a California-based fund reported 35,910 shares. Shelton Cap Mngmt holds 0.03% or 10,009 shares. Barclays Public Limited holds 0.01% in RPM International Inc. (NYSE:RPM) or 349,016 shares. Morgan Stanley owns 1.43M shares. Lord Abbett And Commerce Lc accumulated 0.05% or 336,700 shares. Northern Tru Corporation has invested 0.01% in RPM International Inc. (NYSE:RPM). Amalgamated Bancorporation owns 27,530 shares. Moreover, Oppenheimer Asset Mngmt has 0.04% invested in RPM International Inc. (NYSE:RPM). Bank & Trust Of Ny Mellon Corporation holds 0.02% of its portfolio in RPM International Inc. (NYSE:RPM) for 1.70 million shares.

Capital Planning Advisors Llc, which manages about $180.00 million and $284.68M US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 8,194 shares to 14,208 shares, valued at $552,000 in 2017Q4, according to the filing. It also reduced its holding in Comcast Corp New (NASDAQ:CMCSA) by 11,449 shares in the quarter, leaving it with 38,610 shares, and cut its stake in Altria Group Inc (NYSE:MO).

Since January 8, 2018, it had 0 buys, and 2 insider sales for $1.97 million activity. 35,000 shares valued at $1.83M were sold by SULLIVAN FRANK C on Tuesday, January 16.

Among 13 analysts covering KAR Auction Services (NYSE:KAR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. KAR Auction Services had 32 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of KAR Auction Services, Inc. (NYSE:KAR) has “Neutral” rating given on Friday, February 12 by Goldman Sachs. On Tuesday, January 16 the stock rating was maintained by Stephens with “Hold”. The rating was upgraded by Zacks on Friday, August 21 to “Hold”. The firm earned “Buy” rating on Thursday, August 4 by Jefferies. The company was initiated on Monday, January 18 by Jefferies. The firm has “Buy” rating given on Wednesday, June 14 by Jefferies. The firm has “Buy” rating given on Monday, September 11 by Jefferies. Jefferies initiated KAR Auction Services, Inc. (NYSE:KAR) on Friday, January 15 with “Buy” rating. The company was maintained on Tuesday, October 3 by Robert W. Baird. Barrington maintained KAR Auction Services, Inc. (NYSE:KAR) on Wednesday, March 21 with “Buy” rating.

Corsair Capital Management Lp, which manages about $1.44B and $559.98 million US Long portfolio, upped its stake in Spx Corp (SPW) by 10,619 shares to 786,272 shares, valued at $24.68M in 2017Q4, according to the filing. It also increased its holding in Ferroglobe Plc by 28,725 shares in the quarter, for a total of 1.46M shares, and has risen its stake in Aci Worldwide Inc (NASDAQ:ACIW).

Analysts await KAR Auction Services, Inc. (NYSE:KAR) to report earnings on August, 14. They expect $0.80 earnings per share, up 23.08% or $0.15 from last year’s $0.65 per share. KAR’s profit will be $107.97M for 16.51 P/E if the $0.80 EPS becomes a reality. After $0.82 actual earnings per share reported by KAR Auction Services, Inc. for the previous quarter, Wall Street now forecasts -2.44% negative EPS growth.

More news for KAR Auction Services, Inc. (NYSE:KAR) were recently published by: Seekingalpha.com, which released: “KAR Auction Services (KAR) Q1 2018 Results – Earnings Call Transcript” on May 09, 2018. Globenewswire.com‘s article titled: “KAR Auction Services, Inc. Reports First Quarter 2018 Financial Results” and published on May 08, 2018 is yet another important article.

Investors sentiment increased to 1.69 in 2017 Q4. Its up 0.36, from 1.33 in 2017Q3. It improved, as 28 investors sold KAR shares while 77 reduced holdings. 58 funds opened positions while 119 raised stakes. 127.57 million shares or 1.62% less from 129.67 million shares in 2017Q3 were reported. 799,265 were accumulated by Northern Tru. Janney Montgomery Scott Ltd Liability Company has invested 0% in KAR Auction Services, Inc. (NYSE:KAR). Aurora Inv Counsel invested in 50,821 shares. Qs Investors Ltd Limited Liability Company reported 39 shares or 0% of all its holdings. Incline Glob Mngmt Limited Liability Company reported 1.01 million shares stake. Bnp Paribas Arbitrage accumulated 0% or 3,071 shares. Engineers Gate Manager Lp owns 64,252 shares. Montag A And Associates has invested 0.08% in KAR Auction Services, Inc. (NYSE:KAR). 10,025 are held by Quantitative Systematic Strategies. South Texas Money owns 496,999 shares or 1.17% of their US portfolio. Fny Managed Accounts holds 0.14% in KAR Auction Services, Inc. (NYSE:KAR) or 3,000 shares. Nelson Van Denburg And Campbell Wealth Gp Ltd Co reported 228 shares. Ahl Partners Limited Liability Partnership owns 0.21% invested in KAR Auction Services, Inc. (NYSE:KAR) for 268,240 shares. The Massachusetts-based Fmr Ltd has invested 0.05% in KAR Auction Services, Inc. (NYSE:KAR). Barnett Inc stated it has 0.01% in KAR Auction Services, Inc. (NYSE:KAR).

KAR Auction Services, Inc. (NYSE:KAR) Institutional Positions Chart

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