Sherwin Williams Co (SHW) Shareholder Marsico Capital Management Has Lowered Its Holding as Stock Declined; Boothbay Fund Management Continues to Hold Stake in Fleetcor Technologies (FLT)

June 14, 2018 - By Adrian Erickson

FleetCor Technologies, Inc. (NYSE:FLT) Logo

Boothbay Fund Management Llc increased its stake in Fleetcor Technologies Inc (FLT) by 26.4% based on its latest 2018Q1 regulatory filing with the SEC. Boothbay Fund Management Llc bought 2,246 shares as the company’s stock declined 0.90% with the market. The institutional investor held 10,754 shares of the miscellaneous company at the end of 2018Q1, valued at $2.18 million, up from 8,508 at the end of the previous reported quarter. Boothbay Fund Management Llc who had been investing in Fleetcor Technologies Inc for a number of months, seems to be bullish on the $18.46 billion market cap company. The stock decreased 0.85% or $1.76 during the last trading session, reaching $205.9. About 235,604 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has risen 43.29% since June 14, 2017 and is uptrending. It has outperformed by 30.72% the S&P500. Some Historical FLT News: 06/03/2018 Noventis And Comdata Partner To Expand Use Of Virtual Credit Cards In B2B Payments; 02/05/2018 – Franklin Templeton – Technology Adds Intel, Exits FleetCor; 16/04/2018 – FleetCor Closes Above 50-Day Moving Average: Technicals; 03/05/2018 – FLEETCOR 1Q REV. $585.5M, EST. $599.5M; 03/05/2018 – FLEETCOR TECHNOLOGIES INC – TOOK IMMEDIATE ACTION TO STOP ACTIVITY ON SYSTEMS INVOLVING CO’S STORED VALUE SOLUTIONS GIFT CARD BUSINESS; 19/03/2018 – FLEETCOR Recognized for Innovation, Growth, & Success; 21/03/2018 – Uber Freight Partners with FLEETCOR to Bring Savings to Its Carriers and Their Drivers; 03/05/2018 – FLEETCOR and Shell Extend Fuel Card Agreement in Europe; 03/05/2018 – Petrobras Distribuidora and FLEETCOR Partner to Bring Card-less Fuel Payments to BR Gas Stations in Brazil; 03/05/2018 – FLEETCOR EXTENDED EUROPEAN FUEL CARD PACT WITH SHELL

Marsico Capital Management Llc decreased its stake in Sherwin Williams Co (SHW) by 48.55% based on its latest 2018Q1 regulatory filing with the SEC. Marsico Capital Management Llc sold 137,401 shares as the company’s stock declined 2.96% with the market. The institutional investor held 145,623 shares of the building materials company at the end of 2018Q1, valued at $57.10M, down from 283,024 at the end of the previous reported quarter. Marsico Capital Management Llc who had been investing in Sherwin Williams Co for a number of months, seems to be less bullish one the $37.40 billion market cap company. The stock increased 1.46% or $5.78 during the last trading session, reaching $401.93. About 318,710 shares traded. The Sherwin-Williams Company (NYSE:SHW) has risen 17.41% since June 14, 2017 and is uptrending. It has outperformed by 4.84% the S&P500.

Investors sentiment decreased to 0.8 in Q1 2018. Its down 0.40, from 1.2 in 2017Q4. It turned negative, as 39 investors sold FLT shares while 148 reduced holdings. 53 funds opened positions while 97 raised stakes. 80.19 million shares or 2.14% less from 81.94 million shares in 2017Q4 were reported. Axa accumulated 22,773 shares. Daiwa Group stated it has 0.05% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). First Personal Fin Services has 0.03% invested in FleetCor Technologies, Inc. (NYSE:FLT). Profund Advsr stated it has 0.01% in FleetCor Technologies, Inc. (NYSE:FLT). Emerald Advisers Incorporated Pa holds 6,491 shares or 0.05% of its portfolio. Hennessy Advsrs has 0.03% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 4,720 shares. Fdx invested 0.04% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Moreover, Bamco has 0.48% invested in FleetCor Technologies, Inc. (NYSE:FLT). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt owns 0.03% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 16,100 shares. Moreover, Raymond James And Assoc has 0.02% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 67,224 shares. Nuveen Asset Management reported 0.13% of its portfolio in FleetCor Technologies, Inc. (NYSE:FLT). Veritable Limited Partnership holds 1,942 shares or 0.01% of its portfolio. Grp Incorporated One Trading Limited Partnership stated it has 400 shares or 0% of all its holdings. National Pension reported 0.1% stake. Synovus Finance holds 1,146 shares or 0% of its portfolio.

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Strong Buy” rating given on Tuesday, May 2 by Raymond James. The stock has “Buy” rating by Evercore on Friday, March 18. The rating was initiated by Keefe Bruyette & Woods on Monday, September 14 with “Outperform”. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Buy” rating by Oppenheimer on Monday, February 5. The firm earned “Buy” rating on Tuesday, October 24 by SunTrust. Credit Suisse maintained the shares of FLT in report on Friday, February 9 with “Neutral” rating. The firm earned “Overweight” rating on Thursday, November 2 by Morgan Stanley. As per Friday, December 11, the company rating was initiated by Credit Suisse. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Outperform” rating given on Friday, November 18 by Wells Fargo. The stock has “Hold” rating by Oppenheimer on Wednesday, August 19.

More news for FleetCor Technologies, Inc. (NYSE:FLT) were recently published by: Globenewswire.com, which released: “Update: Lawsuit for Investors in shares of FleetCor Technologies, Inc. (NYSE: FLT) announced by Shareholders …” on May 22, 2018. Prnewswire.com‘s article titled: “FLEETCOR INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC …” and published on June 09, 2018 is yet another important article.

Boothbay Fund Management Llc, which manages about $486.48M and $844.48 million US Long portfolio, decreased its stake in Easterly Govt Pptys Inc by 15,900 shares to 30,880 shares, valued at $630,000 in 2018Q1, according to the filing. It also reduced its holding in United Microelectronics Corp (NYSE:UMC) by 419,568 shares in the quarter, leaving it with 149,196 shares, and cut its stake in Alphabet Inc.

Marsico Capital Management Llc, which manages about $17.14 billion and $2.66B US Long portfolio, upped its stake in Applied Matls Inc (NASDAQ:AMAT) by 1.63M shares to 2.73 million shares, valued at $151.80 million in 2018Q1, according to the filing. It also increased its holding in Alkermes Plc (NASDAQ:ALKS) by 11,120 shares in the quarter, for a total of 59,843 shares, and has risen its stake in Verisk Analytics Inc (NASDAQ:VRSK).

Among 30 analysts covering Sherwin-Williams Company (NYSE:SHW), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Sherwin-Williams Company had 69 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, October 30 by RBC Capital Markets. The company was initiated on Tuesday, November 29 by Atlantic Securities. On Wednesday, October 25 the stock rating was maintained by Wells Fargo with “Market Perform”. The firm has “Hold” rating by Jefferies given on Wednesday, October 4. Barclays Capital maintained The Sherwin-Williams Company (NYSE:SHW) rating on Monday, November 2. Barclays Capital has “Equal Weight” rating and $295.0 target. The company was maintained on Thursday, March 15 by RBC Capital Markets. On Friday, December 22 the stock rating was initiated by Deutsche Bank with “Hold”. Credit Suisse downgraded The Sherwin-Williams Company (NYSE:SHW) rating on Thursday, September 28. Credit Suisse has “Hold” rating and $375.0 target. The firm has “Buy” rating given on Monday, February 12 by Susquehanna. The firm has “Hold” rating by Argus Research given on Wednesday, April 6.

Analysts await The Sherwin-Williams Company (NYSE:SHW) to report earnings on July, 19. They expect $5.59 EPS, up 23.67% or $1.07 from last year’s $4.52 per share. SHW’s profit will be $520.21M for 17.98 P/E if the $5.59 EPS becomes a reality. After $3.57 actual EPS reported by The Sherwin-Williams Company for the previous quarter, Wall Street now forecasts 56.58% EPS growth.

More notable recent The Sherwin-Williams Company (NYSE:SHW) news were published by: Seekingalpha.com which released: “Sherwin Williams (SHW) Industry Overview – Slideshow” on May 23, 2018, also Seekingalpha.com with their article: “Sherwin-Williams: Buy For Great Total Return And Steady Dividend” published on June 13, 2018, Seekingalpha.com published: “Let Sherwin-Williams Paint Your Portfolio Green” on June 06, 2018. More interesting news about The Sherwin-Williams Company (NYSE:SHW) were released by: Globenewswire.com and their article: “Investor Expectations to Drive Momentum within The Kroger, Mohawk Industries, Mersana Therapeutics, Riot …” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Ask Sherwin Williams” with publication date: May 18, 2018.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.37, from 1.15 in 2017Q4. It dived, as 68 investors sold SHW shares while 276 reduced holdings. 59 funds opened positions while 209 raised stakes. 68.11 million shares or 0.62% less from 68.54 million shares in 2017Q4 were reported. 641,982 were reported by Winslow Capital Management Lc. First Republic Investment has invested 0.01% in The Sherwin-Williams Company (NYSE:SHW). Royal Bank Of Canada holds 0.03% or 161,317 shares in its portfolio. Hl Svcs Ltd Liability Com owns 37,668 shares. Rand Wealth Ltd Com reported 3,818 shares or 0.17% of all its holdings. National Asset Mngmt Incorporated reported 1,306 shares. Intrust Financial Bank Na stated it has 1,087 shares. Parsons Capital Mngmt Inc Ri has 0.04% invested in The Sherwin-Williams Company (NYSE:SHW) for 770 shares. Fiduciary holds 0.05% in The Sherwin-Williams Company (NYSE:SHW) or 4,506 shares. Tci Wealth Advsrs Inc has invested 0.01% in The Sherwin-Williams Company (NYSE:SHW). Brookstone owns 1,235 shares for 0.04% of their portfolio. Advisory Svcs Ntwk Lc holds 1,334 shares. Illinois-based Segall Bryant And Hamill Limited Liability has invested 0.16% in The Sherwin-Williams Company (NYSE:SHW). Hudson Valley Investment Advsrs Adv holds 2,206 shares. Schroder Invest Mgmt holds 15,020 shares.

The Sherwin-Williams Company (NYSE:SHW) Institutional Positions Chart

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