Watts Water Technologies, Inc. (WTS) Reaches $78.65 52-Week High; Chegg (CHGG) SI Increased By 6.29%

January 14, 2018 - By Clifton Ray

Chegg Incorporated (NYSE:CHGG) had an increase of 6.29% in short interest. CHGG’s SI was 25.01M shares in January as released by FINRA. Its up 6.29% from 23.53M shares previously. With 834,300 avg volume, 30 days are for Chegg Incorporated (NYSE:CHGG)’s short sellers to cover CHGG’s short positions. The stock decreased 1.12% or $0.19 during the last trading session, reaching $16.74. About 565,676 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 163.16% since January 14, 2017 and is uptrending. It has outperformed by 146.46% the S&P500.

The stock of Watts Water Technologies, Inc. (NYSE:WTS) hit a new 52-week high and has $85.73 target or 9.00% above today’s $78.65 share price. The 9 months bullish chart indicates low risk for the $2.69B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $85.73 price target is reached, the company will be worth $241.74 million more. The stock increased 1.55% or $1.2 during the last trading session, reaching $78.65. About 66,609 shares traded. Watts Water Technologies, Inc. (NYSE:WTS) has risen 15.50% since January 14, 2017 and is uptrending. It has underperformed by 1.20% the S&P500.

Analysts await Watts Water Technologies, Inc. (NYSE:WTS) to report earnings on February, 8. They expect $0.73 earnings per share, up 14.06% or $0.09 from last year’s $0.64 per share. WTS’s profit will be $24.93M for 26.93 P/E if the $0.73 EPS becomes a reality. After $0.80 actual earnings per share reported by Watts Water Technologies, Inc. for the previous quarter, Wall Street now forecasts -8.75% negative EPS growth.

Watts Water Technologies, Inc. designs, makes, and sells products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company has market cap of $2.69 billion. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. It has a 29.13 P/E ratio. The firm also provides heating, ventilation, and air conditioning and gas products comprising commercial high-efficiency boilers, water heaters, and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications.

Among 11 analysts covering Watts Water Technologies (NYSE:WTS), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Watts Water Technologies has $85.0 highest and $54 lowest target. $69.14’s average target is -12.09% below currents $78.65 stock price. Watts Water Technologies had 24 analyst reports since August 17, 2015 according to SRatingsIntel. The company was upgraded on Friday, May 6 by BB&T Capital. Oppenheimer downgraded Watts Water Technologies, Inc. (NYSE:WTS) on Monday, January 4 to “Perform” rating. The stock of Watts Water Technologies, Inc. (NYSE:WTS) earned “Hold” rating by KeyBanc Capital Markets on Friday, November 3. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 18. On Monday, September 18 the stock rating was upgraded by Northcoast to “Buy”. Oppenheimer maintained the stock with “Hold” rating in Thursday, August 3 report. Robert W. Baird maintained the shares of WTS in report on Wednesday, October 4 with “Hold” rating. Stifel Nicolaus maintained Watts Water Technologies, Inc. (NYSE:WTS) on Sunday, December 10 with “Buy” rating. The firm earned “Buy” rating on Sunday, October 15 by Stifel Nicolaus. The company was upgraded on Monday, August 17 by Cowen & Co.

Since August 25, 2017, it had 0 buys, and 2 insider sales for $1.37 million activity. Melhem Elie sold $205,323 worth of stock. Pagano Robert J Jr sold $1.16 million worth of stock or 15,803 shares.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.52, from 1.67 in 2017Q2. It fall, as 23 investors sold Watts Water Technologies, Inc. shares while 51 reduced holdings. 24 funds opened positions while 61 raised stakes. 25.81 million shares or 0.06% more from 25.80 million shares in 2017Q2 were reported. First Advsrs Lp owns 0.02% invested in Watts Water Technologies, Inc. (NYSE:WTS) for 91,909 shares. Int Gp stated it has 0.01% of its portfolio in Watts Water Technologies, Inc. (NYSE:WTS). 3,746 are owned by Royal Financial Bank Of Canada. Tower Capital Limited Liability Company (Trc) owns 4,949 shares. Tortoise Advisors Limited Liability Corp accumulated 37 shares. Pacad Invest Limited invested in 0.01% or 500 shares. Howe & Rusling Incorporated accumulated 0% or 53 shares. Jpmorgan Chase And reported 91,416 shares. State Street Corporation owns 674,766 shares or 0% of their US portfolio. Prelude Cap Mgmt Ltd stated it has 900 shares. Goldman Sachs Grp invested 0.01% in Watts Water Technologies, Inc. (NYSE:WTS). California Public Employees Retirement Systems holds 77,160 shares or 0.01% of its portfolio. Brown Brothers Harriman & Com, a New York-based fund reported 73,194 shares. Guyasuta Inv holds 20,800 shares or 0.17% of its portfolio. Sg Americas Securities Ltd Liability Company has invested 0.01% of its portfolio in Watts Water Technologies, Inc. (NYSE:WTS).

Investors sentiment decreased to 1.89 in Q3 2017. Its down 0.82, from 2.71 in 2017Q2. It dropped, as 26 investors sold Chegg, Inc. shares while 27 reduced holdings. 34 funds opened positions while 66 raised stakes. 102.60 million shares or 21.13% more from 84.70 million shares in 2017Q2 were reported. Aqr Management Ltd Liability Co stated it has 0% in Chegg, Inc. (NYSE:CHGG). Oppenheimer Asset Management has invested 0% in Chegg, Inc. (NYSE:CHGG). 9,397 were accumulated by Bnp Paribas Arbitrage. Alliancebernstein Limited Partnership has 2.92M shares. Next Century Growth Lc has 1.03% invested in Chegg, Inc. (NYSE:CHGG) for 576,327 shares. Barclays Public Limited Company holds 0% or 72,808 shares. Fred Alger invested 0.18% in Chegg, Inc. (NYSE:CHGG). Art Advsrs Lc holds 0.01% of its portfolio in Chegg, Inc. (NYSE:CHGG) for 16,498 shares. Moreover, Virtu Ltd Liability Com has 0% invested in Chegg, Inc. (NYSE:CHGG). Credit Agricole S A owns 30,000 shares. Vanguard Gru owns 4.89 million shares or 0% of their US portfolio. Primecap Management Com Ca has invested 0.13% in Chegg, Inc. (NYSE:CHGG). State Board Of Administration Of Florida Retirement Sys holds 0% or 27,615 shares in its portfolio. Manufacturers Life Co The holds 0% or 71,909 shares in its portfolio. Pnc Fin Grp Inc has invested 0% of its portfolio in Chegg, Inc. (NYSE:CHGG).

Since August 1, 2017, it had 0 insider buys, and 13 sales for $10.13 million activity. GEIGER CHARLES sold $726,500 worth of stock. Shares for $217,017 were sold by BORDERS DAVE JR. on Monday, January 1. Lem Esther sold 20,000 shares worth $326,990. On Monday, December 18 ROSENSWEIG DANIEL sold $3.19 million worth of Chegg, Inc. (NYSE:CHGG) or 199,611 shares. 27,916 Chegg, Inc. (NYSE:CHGG) shares with value of $472,714 were sold by Osier Michael A.. 50,000 shares were sold by BRANDEMUEHL JENNY, worth $783,500.

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