Needham Reaffirms Its "Sell" Rating on Snap Inc (NYSE:SNAP) Shares Today

13 January, 2018, 06:07 | Author: Darnell Taylor

The institutional investor held 145,151 shares of the industrial machinery and components company at the end of 2017Q3, valued at $21.63 million, up from 122,439 at the end of the previous reported quarter. Walthausen & Company who had been investing in Snap On Inc for a number of months, seems to be bullish on the $10.48B market cap company. About 15.23M shares traded.

The stock of Snap-on Incorporated (NYSE:SNA) hit a new 52-week high and has $195.37 target or 7.00% above today's $182.59 share price. It has underperformed by 16.70% the S&P500. Vanguard Group Inc. now owns 8,353,729 shares of the company's stock worth $148,446,000 after buying an additional 1,601,170 shares during the last quarter. As per Friday, October 30, the company rating was upgraded by Deutsche Bank. The company has market cap of $16.99 billion. The stock decreased 1.49% or $2.71 during the last trading session, reaching $178.76. About 4.42 million shares traded or 28.94% up from the average.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, October 19th. It has outperformed by 12.01% the S&P500.

Advisory Research Inc decreased Snap On Incorporated (SNA) stake by 3.1% reported in 2017Q3 SEC filing.

FBR & Co reiterated a "buy" rating and issued a $205.00 price target on shares of Snap-On in a research note on Thursday, October 19th. Therefore 24% are positive. Snap-on had 26 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Friday, November 3 by Jefferies. The rating was maintained by RBC Capital Markets on Friday, September 15 with "Buy". The firm earned "Buy" rating on Monday, October 23 by Barrington. The rating was downgraded by Zacks on Thursday, August 20 to "Buy".

Investors sentiment increased to 1.23 in Q3 2017. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.22.

Other large investors have also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Snap-On by 3.0% in the third quarter. Sumitomo Mitsui holds 0.03% or 156,351 shares in its portfolio. Profund Advsrs Ltd, Maryland-based fund reported 35,800 shares. The Connecticut-based Northcoast Asset Mngmt Limited Com has invested 0.26% in Snap-on Incorporated (NYSE:SNA). Sg Americas Ltd Liability holds 27,040 shares or 0.04% of its portfolio. Manchester Cap Management Limited Com invested in 597 shares or 0.01% of the stock. CL King upgraded the shares of JBT in report on Wednesday, April 12 to "Buy" rating. 18,546 were accumulated by Svcs Automobile Association. Mastrapasqua Asset Incorporated stated it has 11,345 shares or 0.35% of all its holdings.

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Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, fix information and systems solutions. 115 are held by Community Fincl Bank Na. Coatue Management LLC boosted its stake in shares of Snap by 4.5% in the second quarter. Klingenstein Fields And Ltd Liability Com holds 14,730 shares or 0.03% of its portfolio. Citigroup stated it has 98,985 shares or 0.01% of all its holdings.

Since August 1, 2017, it had 0 buys, and 3 sales for $1.72 million activity.

Snap-On earned a news sentiment score of 0.18 on Accern's scale. Its up 0.07, from 1.16 in 2017Q2. It is negative, as 11 investors sold JBT shares while 62 reduced holdings. 19 funds opened positions while 37 raised stakes. Foundry Prtn Limited Liability Corp holds 0.16% of its portfolio in Newpark Resources, Inc. (NYSE:SF) for 48,619 shares. Veritable Ltd Partnership reported 2,671 shares or 0.01% of all its holdings. Fmr Ltd Liability Company accumulated 187,483 shares. Institutional investors own 88.85% of the company's stock. (NYSE:NR) for 207 shares. Following the completion of the transaction, the vice president now directly owns 2,698 shares of the company's stock, valued at $441,230.92. Profund Ltd Liability Company has invested 0.02% in Stifel Financial Corp. It also reduced Omnicell Inc. (NYSE:NR) or 145 shares. (NYSE:NR). Raymond James And Assocs has invested 0% in Newpark Resources, Inc. Moreover, Monarch Capital Mngmt has 0.61% invested in PPL Corporation (NYSE:PPL). Perritt Mngmt has 0.12% invested in Newpark Resources, Inc. 12,377 were reported by Cambridge Invest Advsr. Legal General Gp Public Limited Company accumulated 61,889 shares.

Among 6 analysts covering Newpark Resources (NYSE:NR), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. The stock of Snap Inc. The rating was upgraded by Morgan Stanley to "Equal Weight" on Friday, July 24. The stock has "Sell" rating by Pivotal Research on Thursday, March 2. The rating was maintained by Credit Suisse with "Hold" on Monday, December 11. Dundee Securities has "Buy" rating and $74 target. The firm has "Hold" rating given on Tuesday, May 30 by Jefferies. Cowen & Co maintained Newpark Resources, Inc. 0 analysts gave its stock an Outperform rating. Nomura has "Buy" rating and $43 target. The firm has "Buy" rating by Wunderlich given on Friday, February 3. (NYSE:NR) to report earnings on February, 8. During the same period in the previous year, the firm earned $2.22 earnings per share. SNA's profit will be $151.64M for 16.77 P/E if the $2.66 EPS becomes a reality. Mutual Of America Llc reported 0.02% in Snap-on Incorporated (NYSE:SNA).

Boston Family Office Llc, which manages about $1.02B and $880.41 million US Long portfolio, upped its stake in Apple Inc.

Champlain Investment Partners Llc increased John Bean Technologies Corpora (JBT) stake by 2.46% reported in 2017Q3 SEC filing.

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