Nikko Asset Management Americas Decreased Synnex (SNX) Stake; Curtiss Wright Has 0.88 Sentiment

October 12, 2017 - By Nellie Frank

Nikko Asset Management Americas Inc decreased Synnex Corp (SNX) stake by 89.19% reported in 2017Q2 SEC filing. Nikko Asset Management Americas Inc sold 6,600 shares as Synnex Corp (SNX)’s stock declined 8.02%. The Nikko Asset Management Americas Inc holds 800 shares with $96,000 value, down from 7,400 last quarter. Synnex Corp now has $5.36B valuation. The stock increased 0.11% or $0.14 during the last trading session, reaching $132.63. About 159,540 shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since October 12, 2016 and is uptrending. It has outperformed by 13.23% the S&P500.

Curtiss-Wright Corporation is a manufacturing and service firm that designs, makes, and overhauls precision components and provides engineered services and products to the aerospace, defense, power generation and general industrial markets. The company has market cap of $4.96 billion. The Firm operates through three divisions: Commercial/Industrial, Defense and Power. It has a 25.16 P/E ratio. The Commercial/Industrial segment’s products include electronic throttle control devices and transmission shifters, electro-mechanical actuation control components, valves, and surface technology services.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $117,840 activity.

Ratings analysis reveals 0 of Curtiss-Wright’s analysts are positive. Out of 3 Wall Street analysts rating Curtiss-Wright, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. CW was included in 3 notes of analysts from November 11, 2016. On Friday, November 11 the stock rating was downgraded by CL King to “Neutral”. The firm has “Hold” rating given on Thursday, January 19 by SunTrust. The rating was downgraded by Bank of America on Friday, November 11 to “Neutral”.

The stock increased 0.99% or $1.1 during the last trading session, reaching $112.05. About 244,307 shares traded or 0.45% up from the average. Curtiss-Wright Corp. (CW) has risen 4.96% since October 12, 2016 and is uptrending. It has underperformed by 11.74% the S&P500.

Stanley holds 1.4% of its portfolio in Curtiss-Wright Corp. for 56,197 shares. Truenorth Inc. owns 28,894 shares or 1.28% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.18% invested in the company for 191,320 shares. The Illinois-based Botty Investors Llc has invested 1.15% in the stock. Cramer Rosenthal Mcglynn Llc, a New York-based fund reported 431,339 shares.

Analysts await Curtiss-Wright Corp. (NYSE:CW) to report earnings on October, 25. They expect $1.22 EPS, up 19.61% or $0.20 from last year’s $1.02 per share. CW’s profit will be $54.00M for 22.96 P/E if the $1.22 EPS becomes a reality. After $1.13 actual EPS reported by Curtiss-Wright Corp. for the previous quarter, Wall Street now forecasts 7.96% EPS growth.

Since May 1, 2017, it had 0 buys, and 9 selling transactions for $1.39 million activity. The insider POLK DENNIS sold 1,500 shares worth $162,315. The insider MURAI KEVIN M sold $217,360. LEUNG SIMON sold $3,135 worth of stock or 29 shares.

Among 10 analysts covering SYNNEX (NYSE:SNX), 5 have Buy rating, 2 Sell and 3 Hold. Therefore 50% are positive. SYNNEX had 24 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, September 10. The company was downgraded on Thursday, March 24 by Cross Research. The firm has “Market Perform” rating given on Wednesday, June 8 by Raymond James. The stock has “Hold” rating by Needham on Tuesday, September 29. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, April 12. As per Thursday, October 29, the company rating was downgraded by Credit Agricole. Raymond James upgraded SYNNEX Corporation (NYSE:SNX) on Wednesday, May 18 to “Outperform” rating. Zacks upgraded SYNNEX Corporation (NYSE:SNX) on Thursday, August 20 to “Sell” rating. The company was maintained on Wednesday, June 28 by Stifel Nicolaus. The firm earned “Underperform” rating on Wednesday, March 23 by Raymond James.

Nikko Asset Management Americas Inc increased Steel Dynamics Inc (NASDAQ:STLD) stake by 53,000 shares to 462,700 valued at $16.57M in 2017Q2. It also upped Pioneer Natural Resources Co (NYSE:PXD) stake by 11,400 shares and now owns 70,900 shares. Transunion was raised too.

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