Fleetcor Technologies (FLT) Stock Rose While Southpoint Capital Advisors LP Has Lowered Stake; As Sonoco Products Co. (SON) Share Value Declined, Holder Ct Mason Decreased Stake by $2.24 Million

May 25, 2018 - By Ellis Scott

Sonoco Products Company (NYSE:SON) Logo

Ct Mason decreased its stake in Sonoco Products Co. (SON) by 68.48% based on its latest 2017Q4 regulatory filing with the SEC. Ct Mason sold 42,244 shares as the company’s stock declined 10.88% with the market. The institutional investor held 19,447 shares of the containers and packaging company at the end of 2017Q4, valued at $1.03 million, down from 61,691 at the end of the previous reported quarter. Ct Mason who had been investing in Sonoco Products Co. for a number of months, seems to be less bullish one the $5.16 billion market cap company. The stock increased 0.23% or $0.12 during the last trading session, reaching $51.85. About 460,117 shares traded. Sonoco Products Company (NYSE:SON) has declined 10.66% since May 25, 2017 and is downtrending. It has underperformed by 22.21% the S&P500.

Rob Butts decreased its stake in Fleetcor Technologies Inc (FLT) by 43.92% based on its latest 2017Q4 regulatory filing with the SEC. Southpoint Capital Advisors Lp sold 285,508 shares as the company’s stock rose 4.28% while stock markets declined. The hedge fund run by Rob Butts held 364,492 shares of the miscellaneous company at the end of 2017Q4, valued at $70.14 million, down from 650,000 at the end of the previous reported quarter. Southpoint Capital Advisors Lp who had been investing in Fleetcor Technologies Inc for a number of months, seems to be less bullish one the $18.14B market cap company. The stock increased 0.88% or $1.76 during the last trading session, reaching $202.36. About 668,736 shares traded or 27.95% up from the average. FleetCor Technologies, Inc. (NYSE:FLT) has risen 27.04% since May 25, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Ct Mason, which manages about $311.59 million and $284.11M US Long portfolio, upped its stake in Graco Inc. (NYSE:GGG) by 75,818 shares to 111,102 shares, valued at $5.02 million in 2017Q4, according to the filing. It also increased its holding in South Jersey Industries Inc. (NYSE:SJI) by 16,378 shares in the quarter, for a total of 56,271 shares, and has risen its stake in Ebay Inc. (NASDAQ:EBAY).

Analysts await Sonoco Products Company (NYSE:SON) to report earnings on July, 19. They expect $0.86 EPS, up 21.13% or $0.15 from last year’s $0.71 per share. SON’s profit will be $85.62M for 15.07 P/E if the $0.86 EPS becomes a reality. After $0.74 actual EPS reported by Sonoco Products Company for the previous quarter, Wall Street now forecasts 16.22% EPS growth.

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.05, from 1.19 in 2017Q3. It dropped, as 27 investors sold SON shares while 105 reduced holdings. 51 funds opened positions while 100 raised stakes. 67.37 million shares or 2.84% less from 69.34 million shares in 2017Q3 were reported. 111,061 were accumulated by New York State Teachers Retirement. State Of New Jersey Common Pension Fund D accumulated 5,000 shares or 0% of the stock. Evercore Wealth Management Ltd Liability Corp holds 3,303 shares. Pictet Asset Mgmt invested 0.02% of its portfolio in Sonoco Products Company (NYSE:SON). Brown Brothers Harriman And has 279,272 shares for 0.08% of their portfolio. Qs Investors Lc invested in 29 shares. Evanston Invests Incorporated Dba Evanston holds 1.98% in Sonoco Products Company (NYSE:SON) or 161,961 shares. Schroder Mngmt Gru reported 464,368 shares. Benjamin F Edwards And Comm holds 0.01% of its portfolio in Sonoco Products Company (NYSE:SON) for 1,325 shares. Cubist Systematic Strategies reported 31,710 shares. Moreover, Bb&T has 0.01% invested in Sonoco Products Company (NYSE:SON) for 6,864 shares. Gabelli Funds Limited accumulated 0.03% or 96,000 shares. Arizona State Retirement Systems has 0.04% invested in Sonoco Products Company (NYSE:SON) for 71,543 shares. Colonial Trust Advsr owns 4,849 shares for 0.04% of their portfolio. State Of Wisconsin Board has invested 0% in Sonoco Products Company (NYSE:SON).

More news for Sonoco Products Company (NYSE:SON) were recently published by: Globenewswire.com, which released: “Sonoco Announces Partnership with Agricultural Company Harvest CROO Robotics” on May 10, 2018. Globenewswire.com‘s article titled: “Sonoco’s New Digital Printing for Displays Offers Brands Quality, Agility” and published on May 14, 2018 is yet another important article.

Since April 20, 2018, it had 0 insider buys, and 5 insider sales for $1.28 million activity. The insider ARTHUR VICKI B sold $199,395. Fuller Rodger D had sold 13,974 shares worth $713,355. Coker R. Howard had sold 4,777 shares worth $248,404 on Monday, April 23. 1,101 shares valued at $58,353 were sold by Thompson Marcy J on Thursday, April 26.

Among 14 analysts covering Sonoco Products Company (NYSE:SON), 3 have Buy rating, 1 Sell and 10 Hold. Therefore 21% are positive. Sonoco Products Company had 42 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Sunday, December 3 with “Hold”. The firm earned “Hold” rating on Tuesday, August 25 by Zacks. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, November 10 report. The stock of Sonoco Products Company (NYSE:SON) has “Hold” rating given on Wednesday, September 27 by BMO Capital Markets. Vertical Research downgraded Sonoco Products Company (NYSE:SON) on Friday, March 18 to “Hold” rating. The stock has “Hold” rating by Bank of America on Monday, April 2. Bank of America upgraded the shares of SON in report on Wednesday, September 6 to “Buy” rating. Barclays Capital maintained it with “Underweight” rating and $48 target in Monday, July 24 report. Argus Research downgraded the shares of SON in report on Friday, December 9 to “Hold” rating. As per Wednesday, July 19, the company rating was upgraded by Robert W. Baird.

Southpoint Capital Advisors Lp, which manages about $2.99B and $2.10 billion US Long portfolio, upped its stake in Cbre Group Inc (NYSE:CBG) by 1.13 million shares to 2.13 million shares, valued at $92.03M in 2017Q4, according to the filing. It also increased its holding in 8X8 Inc New (NASDAQ:EGHT) by 600,000 shares in the quarter, for a total of 2.00 million shares, and has risen its stake in Visa Inc (NYSE:V).

Analysts await FleetCor Technologies, Inc. (NYSE:FLT) to report earnings on August, 2. They expect $2.35 earnings per share, up 28.42% or $0.52 from last year’s $1.83 per share. FLT’s profit will be $210.65M for 21.53 P/E if the $2.35 EPS becomes a reality. After $2.38 actual earnings per share reported by FleetCor Technologies, Inc. for the previous quarter, Wall Street now forecasts -1.26% negative EPS growth.

Investors sentiment decreased to 1.2 in 2017 Q4. Its down 0.07, from 1.27 in 2017Q3. It is negative, as 25 investors sold FLT shares while 118 reduced holdings. 73 funds opened positions while 99 raised stakes. 81.94 million shares or 2.11% less from 83.71 million shares in 2017Q3 were reported. Nomura invested in 5,266 shares or 0% of the stock. 1,188 were accumulated by Cibc. Hbk Sorce Advisory Limited Liability reported 1,099 shares. Barclays Public Llc has 46,843 shares. Schwab Charles Invest invested in 0.03% or 207,294 shares. Princeton Strategies Gp Ltd holds 2.1% or 40,000 shares. Cibc Asset Mngmt has 3,474 shares. Shamrock Asset Ltd Liability Corp invested in 0.01% or 96 shares. Earnest Partners Limited Co has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Two Sigma Secs Limited Liability owns 1,459 shares or 0.01% of their US portfolio. Proshare Advsrs Ltd accumulated 2,570 shares. Group Inc One Trading Lp invested in 0.01% or 10,326 shares. 24 were accumulated by Motco. National Pension Serv holds 102,726 shares. Cornercap Inv Counsel invested 0.33% in FleetCor Technologies, Inc. (NYSE:FLT).

Among 17 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Fleetcor Technologies had 56 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, November 13 by Oppenheimer. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Positive” rating by Susquehanna on Thursday, August 6. The company was maintained on Monday, September 19 by Monness Crespi & Hardt. Credit Suisse initiated the shares of FLT in report on Friday, December 11 with “Neutral” rating. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. As per Friday, August 5, the company rating was upgraded by Oppenheimer. The stock of FleetCor Technologies, Inc. (NYSE:FLT) has “Hold” rating given on Wednesday, January 17 by Credit Suisse. As per Friday, June 24, the company rating was initiated by Suntrust Robinson. The firm has “Buy” rating by Oppenheimer given on Thursday, August 3. Barclays Capital maintained the shares of FLT in report on Wednesday, September 21 with “Overweight” rating.

More important recent FleetCor Technologies, Inc. (NYSE:FLT) news were published by: Bizjournals.com which released: “Coca-Cola among Georgia companies to dip on Fortune 500 list (Slideshow)” on May 21, 2018, also Globenewswire.com published article titled: “Update: Lawsuit for Investors in shares of FleetCor Technologies, Inc. (NYSE: FLT) announced by Shareholders …”, Globenewswire.com published: “SHAREHOLDER UPDATE: FleetCor Technologies, Inc. – FLT” on May 23, 2018. More interesting news about FleetCor Technologies, Inc. (NYSE:FLT) was released by: Seekingalpha.com and their article: “FleetCor Technologies (FLT) Q1 2018 Results – Earnings Call Transcript” with publication date: May 04, 2018.

Sonoco Products Company (NYSE:SON) Institutional Positions Chart

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