D-E Shaw & Company Decreased Rpm Intl (RPM) Stake By $48.07 Million; Consolidated Edison (ED) Shorts Up By 11.81%

May 18, 2018 - By Winifred Garcia

RPM International Inc. (NYSE:RPM) Logo

D-E Shaw & Company Inc decreased Rpm Intl Inc (NYSE:RPM) stake by 96.51% reported in 2018Q1 SEC filing. D-E Shaw & Company Inc sold 1.02M shares as Rpm Intl Inc (NYSE:RPM)’s stock declined 9.32%. The D-E Shaw & Company Inc holds 36,973 shares with $1.76M value, down from 1.06 million last quarter. Rpm Intl Inc now has $6.89B valuation. The stock increased 1.20% or $0.61 during the last trading session, reaching $51.49. About 299,786 shares traded. RPM International Inc. (NYSE:RPM) has declined 13.15% since May 18, 2017 and is downtrending. It has underperformed by 24.70% the S&P500.

Consolidated Edison Inc (NYSE:ED) had an increase of 11.81% in short interest. ED’s SI was 11.29M shares in May as released by FINRA. Its up 11.81% from 10.10 million shares previously. With 1.96 million avg volume, 6 days are for Consolidated Edison Inc (NYSE:ED)’s short sellers to cover ED’s short positions. The stock decreased 0.12% or $0.09 during the last trading session, reaching $73.85. About 488,539 shares traded. Consolidated Edison, Inc. (NYSE:ED) has declined 1.18% since May 18, 2017 and is downtrending. It has underperformed by 12.73% the S&P500.

RPM International Inc. manufactures, markets, and sells specialty chemical products for industrial, specialty, and consumer markets worldwide. The company has market cap of $6.89 billion. The Company’s Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes. It has a 18.63 P/E ratio. This segment also offers corrosion-control coatings, containment linings, fire and sound proofing products, and insulation products; rolled asphalt roofing materials, chemical admixtures, and industrial epoxy flooring systems; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts, epoxy adhesives, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials, as well as specialty construction products.

D-E Shaw & Company Inc increased Landstar Sys Inc (NASDAQ:LSTR) stake by 105,313 shares to 115,713 valued at $12.69 million in 2018Q1. It also upped Adobe Sys Inc (Put) (NASDAQ:ADBE) stake by 55,100 shares and now owns 85,100 shares. Weight Watchers Intl Inc New (NYSE:WTW) was raised too.

D.E. Shaw and Co., LP, is based out of New York and was founded in 1988 by David E. Shaw. The firm makes use of systematic, computer driven methods to conduct its trades. Shaw earned his Ph.D. in 1980 from Stanford University and was employed as a part of the faculty in the Computer Science Department at Columbia through 1986. He gave up this position to work with Morgan Stanley, focusing on computational finance. Then, in 1988, he founded D.E. Shaw & Co., LP. He branched out his holdings in 2002 when he built a scientific team at D.E. Shaw Research, LLC. He also formed a six member executive committee to oversee the daily management of D.E. Shaw & Co., LP. Beginning in 2010, D.E. Shaw has immersed himself in his position as chief scientist at D.E. Shaw Research, LLC, where he leads an interdisciplinary team in researching computational biochemistry. D-E Shaw & Company Inc is a New York-based hedge fund that was founded by D. E. Shaw. It had more than $81.36 billion assets under management in January, 2015. D-E Shaw & Company Inc is the 68th largest hedge fund in our database. Taken from D-E Shaw & Company latest Adv, the fund reported to have 441 full and part-time employees. Among which 243 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Among 12 analysts covering RPM International (NYSE:RPM), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. RPM International had 21 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by JP Morgan to “Underweight” on Friday, March 16. The stock of RPM International Inc. (NYSE:RPM) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, August 22. The rating was maintained by Seaport Global on Friday, April 6 with “Buy”. Seaport Global Securities initiated the shares of RPM in report on Tuesday, January 5 with “Accumulate” rating. The firm has “Buy” rating by Northcoast given on Friday, February 17. The firm has “Buy” rating given on Wednesday, February 14 by Vertical Research. The firm has “Hold” rating by Robert W. Baird given on Friday, November 3. RBC Capital Markets initiated the stock with “Sector Perform” rating in Wednesday, October 14 report. On Tuesday, March 27 the stock rating was initiated by BMO Capital Markets with “Buy”. J.P. Morgan downgraded RPM International Inc. (NYSE:RPM) rating on Friday, March 16. J.P. Morgan has “Sell” rating and $47.0 target.

Investors sentiment increased to 1.36 in 2017 Q4. Its up 0.06, from 1.3 in 2017Q3. It improved, as 30 investors sold RPM shares while 99 reduced holdings. 52 funds opened positions while 124 raised stakes. 98.12 million shares or 0.49% more from 97.64 million shares in 2017Q3 were reported. Deprince Race And Zollo reported 453,234 shares. 4,488 are owned by Cibc Asset Mngmt. North Point Port Managers Oh reported 1.65% stake. Teacher Retirement System Of Texas holds 46,088 shares or 0.02% of its portfolio. Captrust Advsrs owns 24 shares. Bessemer Gru reported 0.02% in RPM International Inc. (NYSE:RPM). Moreover, Anchor Cap Advsrs Lc has 0.04% invested in RPM International Inc. (NYSE:RPM). 210,141 are owned by Proshare Llc. Roffman Miller Assocs Inc Pa owns 423,103 shares. Mawer Investment has invested 0.42% of its portfolio in RPM International Inc. (NYSE:RPM). Gemmer Asset Limited Co has 204 shares. Johnson Gp invested in 0.02% or 3,000 shares. Albion Ut owns 8,019 shares for 0.06% of their portfolio. First Commonwealth Fincl Pa holds 5,636 shares. Louisiana State Employees Retirement has 0.08% invested in RPM International Inc. (NYSE:RPM).

Since January 8, 2018, it had 0 insider buys, and 2 sales for $1.97 million activity. $138,673 worth of RPM International Inc. (NYSE:RPM) was sold by Moore Edward W. on Monday, January 8. Another trade for 35,000 shares valued at $1.83M was made by SULLIVAN FRANK C on Tuesday, January 16.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.02, from 1.08 in 2017Q3. It worsened, as 41 investors sold Consolidated Edison, Inc. shares while 213 reduced holdings. 63 funds opened positions while 207 raised stakes. 169.29 million shares or 0.15% less from 169.54 million shares in 2017Q3 were reported. Drw Secs Lc holds 0.04% or 4,344 shares in its portfolio. Meiji Yasuda Asset Mgmt Ltd owns 45,243 shares. Two Sigma Securities Lc holds 0.01% or 5,942 shares in its portfolio. Estabrook Cap Mngmt stated it has 0% in Consolidated Edison, Inc. (NYSE:ED). Delta Asset Mngmt Ltd Tn holds 0.12% of its portfolio in Consolidated Edison, Inc. (NYSE:ED) for 9,634 shares. Osborne Prns Management Limited Com, California-based fund reported 11,828 shares. Payden And Rygel has 181,200 shares. Invesco Ltd stated it has 6.61 million shares or 0.2% of all its holdings. Moreover, Assetmark Inc has 0.01% invested in Consolidated Edison, Inc. (NYSE:ED) for 6,973 shares. Lsv Asset Management holds 0.1% or 777,900 shares. Pinebridge Investments Limited Partnership holds 2,257 shares or 0% of its portfolio. Woodley Farra Manion Port, a Indiana-based fund reported 54,115 shares. South Dakota Inv Council holds 0.04% of its portfolio in Consolidated Edison, Inc. (NYSE:ED) for 21,500 shares. The Louisiana-based Iberiabank has invested 0.57% in Consolidated Edison, Inc. (NYSE:ED). Maryland Capital Mngmt stated it has 10,758 shares.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company has market cap of $22.95 billion. The firm offers electric services to approximately 3.4 million clients in New York City and Westchester County; gas to approximately 1.1 million clients in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,649 clients in parts of Manhattan. It has a 14.95 P/E ratio. It also supplies electricity to approximately 0.3 million clients in southeastern New York, and northern New Jersey; and gas to approximately 0.1 million clients in southeastern New York.

More notable recent Consolidated Edison, Inc. (NYSE:ED) news were published by: Seekingalpha.com which released: “Don’t Buy L Brands – Cramer’s Lightning Round (5/15/18)” on May 16, 2018, also Fool.com with their article: “How Consolidated Edison, Inc. Has Managed to Raise Its Dividend for 44 Years” published on May 16, 2018, Seekingalpha.com published: “Consolidated Edison Had A Solid First Quarter” on May 07, 2018. More interesting news about Consolidated Edison, Inc. (NYSE:ED) were released by: Globenewswire.com and their article: “Con Edison Reports 2018 First Quarter Earnings” published on May 03, 2018 as well as Globenewswire.com‘s news article titled: “Con Edison Declares Common Stock Dividend” with publication date: April 19, 2018.

Since December 31, 2017, it had 45 insider buys, and 1 sale for $134,948 activity. On Wednesday, February 28 McAvoy John bought $2,306 worth of Consolidated Edison, Inc. (NYSE:ED) or 30 shares. Muccilo Robert bought $2,021 worth of Consolidated Edison, Inc. (NYSE:ED) on Wednesday, January 31. On Monday, April 30 Nadkarni Gurudatta D bought $2,105 worth of Consolidated Edison, Inc. (NYSE:ED) or 27 shares. 8 shares were bought by OATES JOSEPH P, worth $697 on Sunday, December 31. Moore Elizabeth D also bought $2,183 worth of Consolidated Edison, Inc. (NYSE:ED) on Wednesday, January 31. $4,094 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by Cawley Timothy on Sunday, December 31. The insider RESHESKE FRANCES bought 1 shares worth $76.

Among 17 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 6 Sell and 10 Hold. Therefore 6% are positive. Con Edison had 51 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Hold” rating given on Sunday, October 1 by RBC Capital Markets. The firm has “Sell” rating given on Friday, August 14 by UBS. The company was initiated on Wednesday, January 25 by Credit Suisse. Mizuho initiated Consolidated Edison, Inc. (NYSE:ED) rating on Wednesday, July 29. Mizuho has “Neutral” rating and $64 target. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, August 10 report. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Sell” rating given on Friday, January 12 by J.P. Morgan. The firm has “Sell” rating by UBS given on Monday, May 8. As per Monday, October 19, the company rating was downgraded by Goldman Sachs. The firm has “Sell” rating given on Monday, August 10 by Deutsche Bank. The firm earned “Hold” rating on Wednesday, October 11 by Jefferies.

Consolidated Edison, Inc. (NYSE:ED) Institutional Positions Chart

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