Cibc Asset Management Has Raised Tesoro (TSO) Stake; Profile of 3 Analysts Covering Kadant Inc. (KAI)

November 15, 2017 - By Hazel Jackson

Cibc Asset Management Inc increased Tesoro Corp (TSO) stake by 32.79% reported in 2017Q2 SEC filing. Cibc Asset Management Inc acquired 3,570 shares as Tesoro Corp (TSO)’s stock declined 3.84%. The Cibc Asset Management Inc holds 14,459 shares with $1.35 million value, up from 10,889 last quarter. Tesoro Corp now has $16.49B valuation. The stock decreased 0.41% or $0.44 during the last trading session, reaching $105.69. About shares traded. Andeavor (NYSE:TSO) has risen 7.01% since November 15, 2016 and is uptrending. It has underperformed by 9.69% the S&P500.

Among 6 analysts covering Kadant (NYSE:KAI), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Kadant had 7 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Macquarie Research given on Thursday, October 29. The stock of Kadant Inc. (NYSE:KAI) has “Neutral” rating given on Tuesday, October 3 by Sidoti. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. The firm has “Outperform” rating given on Friday, August 5 by Barrington Research. Seaport Global upgraded it to “Buy” rating and $58 target in Thursday, August 18 report. The rating was initiated by William Blair with “Market Perform” on Friday, September 16. See Kadant Inc. (NYSE:KAI) latest ratings:

03/10/2017 Broker: Sidoti Old Rating: Buy New Rating: Neutral Downgrade
31/05/2017 Broker: Barrington Rating: Buy New Target: $86.0000

Investors sentiment decreased to 1.17 in Q2 2017. Its down 0.09, from 1.26 in 2017Q1. It turned negative, as 17 investors sold Kadant Inc. shares while 41 reduced holdings. 27 funds opened positions while 41 raised stakes. 9.12 million shares or 1.31% more from 9.01 million shares in 2017Q1 were reported. Martingale Asset Mngmt Ltd Partnership has 0.02% invested in Kadant Inc. (NYSE:KAI). Grantham Mayo Van Otterloo Co owns 0% invested in Kadant Inc. (NYSE:KAI) for 3,700 shares. Vanguard Grp holds 471,416 shares. Moreover, Natl Bank Of America Corp De has 0% invested in Kadant Inc. (NYSE:KAI). 233,894 are held by State Street Corp. Swiss Bank & Trust holds 17,900 shares. Ameritas Invest Prns invested in 0% or 952 shares. 7,718 were reported by Sterling Cap Management Ltd. Morgan Stanley has invested 0% in Kadant Inc. (NYSE:KAI). Financial Bank Of Mellon has invested 0% in Kadant Inc. (NYSE:KAI). Paradigm Capital Ny has invested 0.19% in Kadant Inc. (NYSE:KAI). Principal Fincl Grp Incorporated accumulated 6,316 shares. 25,110 were accumulated by Sensato Invsts Ltd Limited Liability Company. Arrow Fincl owns 809 shares. Perritt Cap Management stated it has 20,000 shares.

The stock decreased 0.30% or $0.3 during the last trading session, reaching $99.9. About shares traded. Kadant Inc. (NYSE:KAI) has risen 45.38% since November 15, 2016 and is uptrending. It has outperformed by 28.68% the S&P500.

Kadant Inc. is a supplier of equipment and components used in process industries. The company has market cap of $1.10 billion. In addition, the Company makes granules made from papermaking by-products. It has a 29.6 P/E ratio. The Company’s divisions include Papermaking Systems and Wood Processing Systems.

Investors sentiment increased to 1.62 in 2017 Q2. Its up 0.57, from 1.05 in 2017Q1. It improved, as 66 investors sold TSO shares while 114 reduced holdings. 95 funds opened positions while 196 raised stakes. 117.84 million shares or 10.96% more from 106.20 million shares in 2017Q1 were reported. 160,788 were accumulated by Korea Invest Corporation. 16.05M were reported by Vanguard Group. Bridgeway Cap Management reported 0.85% in Andeavor (NYSE:ANDV). Financial Bank Of Montreal Can, a Ontario – Canada-based fund reported 72,302 shares. Clear Harbor Asset Mngmt Ltd Limited Liability Company has 3,486 shares for 0.06% of their portfolio. 9,429 were reported by Nippon Life Insur. Corsair Capital Mgmt LP owns 43,533 shares or 0.74% of their US portfolio. Nordea Mgmt Ab reported 0.01% of its portfolio in Andeavor (NYSE:ANDV). Stratos Wealth Ptnrs reported 3,308 shares. Alpha Cubed Ltd Limited Liability Company has 0.07% invested in Andeavor (NYSE:ANDV) for 4,435 shares. Deutsche State Bank Ag has invested 0.02% in Andeavor (NYSE:ANDV). Systematic Finance Mgmt Ltd Partnership stated it has 262,689 shares or 0.45% of all its holdings. Shufro Rose & Limited Company holds 0.08% of its portfolio in Andeavor (NYSE:ANDV) for 8,200 shares. Lpl Financial invested in 0% or 11,600 shares. Moreover, Riverhead Cap Management Lc has 0.03% invested in Andeavor (NYSE:ANDV).

Since May 31, 2017, it had 2 insider purchases, and 1 insider sale for $48,584 activity. Peery Blane W. also sold $89,304 worth of Andeavor (NYSE:ANDV) on Wednesday, May 31. Another trade for 500 shares valued at $41,580 was made by LILLEY DAVID on Thursday, June 1. 1,150 shares were bought by Sterin Steven, worth $96,308 on Thursday, June 1.

Among 19 analysts covering Tesoro Corporation (NYSE:TSO), 17 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. Tesoro Corporation has $140.0 highest and $90 lowest target. $112.13’s average target is 6.09% above currents $105.69 stock price. Tesoro Corporation had 52 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Overweight” on Thursday, February 2. RBC Capital Markets maintained the shares of TSO in report on Thursday, June 1 with “Hold” rating. The firm has “Sector Perform” rating given on Friday, August 14 by Howard Weil. The firm has “Outperform” rating by Credit Suisse given on Tuesday, October 11. Goldman Sachs upgraded Andeavor (NYSE:ANDV) on Wednesday, June 29 to “Buy” rating. On Friday, March 24 the stock rating was downgraded by Credit Suisse to “Neutral”. The rating was upgraded by Morgan Stanley on Tuesday, May 30 to “Buy”. The stock has “Hold” rating by RBC Capital Markets on Friday, April 28. The firm has “Outperform” rating given on Monday, April 11 by Credit Suisse. The firm has “Buy” rating by Deutsche Bank given on Monday, June 5.

Cibc Asset Management Inc decreased Alamos Gold Inc New stake by 679,811 shares to 916,942 valued at $6.50M in 2017Q2. It also reduced Royal Bk Cda Montreal Que (NYSE:RY) stake by 244,463 shares and now owns 15.07M shares. S&P Global Inc was reduced too.

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