As Avery Dennison Corp (AVY) Valuation Declined, Shareholder Clinton Group INC Has Boosted Its Holding

July 16, 2018 - By Jack Shaw

Avery Dennison Corporation (NYSE:AVY) LogoInvestors sentiment decreased to 0.76 in 2018 Q1. Its down 0.29, from 1.05 in 2017Q4. It is negative, as 37 investors sold AVY shares while 210 reduced holdings. 66 funds opened positions while 121 raised stakes. 69.95 million shares or 0.55% more from 69.57 million shares in 2017Q4 were reported. Tompkins Corp has 1,805 shares for 0.04% of their portfolio. Kames Public Limited Liability Corporation invested 1.98% in Avery Dennison Corporation (NYSE:AVY). Moreover, Riverhead Mngmt Limited Liability has 0.06% invested in Avery Dennison Corporation (NYSE:AVY). Ubs Asset Americas Inc holds 527,226 shares. Us National Bank De invested 0.02% of its portfolio in Avery Dennison Corporation (NYSE:AVY). The Germany-based Deutsche Savings Bank Ag has invested 0.02% in Avery Dennison Corporation (NYSE:AVY). Caisse De Depot Et Placement Du Quebec holds 0% or 2,665 shares. 230 are held by Carroll Assocs. Ameritas Inv Partners has invested 0.01% in Avery Dennison Corporation (NYSE:AVY). James Research holds 1.48% or 372,145 shares in its portfolio. Campbell And Adviser Limited Company accumulated 2,764 shares. Wesbanco State Bank Inc has invested 0.01% in Avery Dennison Corporation (NYSE:AVY). Fincl Advisers Limited Liability Corp reported 6,588 shares. Ing Groep Nv reported 8,984 shares or 0.02% of all its holdings. Cibc World accumulated 0.01% or 11,398 shares.

Since February 14, 2018, it had 0 buys, and 9 selling transactions for $16.13 million activity. Shares for $3.31 million were sold by SCARBOROUGH DEAN A on Monday, March 19. Shares for $889,275 were sold by Butier Mitchell R. $2.50 million worth of Avery Dennison Corporation (NYSE:AVY) was sold by Hill Anne on Thursday, February 22. $325,466 worth of Avery Dennison Corporation (NYSE:AVY) shares were sold by Anderson Anthony.

Greg Taxin increased its stake in Avery Dennison Corp (AVY) by 560.36% based on its latest 2018Q1 regulatory filing with the SEC. Clinton Group Inc bought 138,207 shares as the company’s stock declined 9.68% with the market. The hedge fund run by Greg Taxin held 162,871 shares of the containers and packaging company at the end of 2018Q1, valued at $17.31 million, up from 24,664 at the end of the previous reported quarter. Clinton Group Inc who had been investing in Avery Dennison Corp for a number of months, seems to be bullish on the $9.09 billion market cap company. The stock decreased 0.35% or $0.36 during the last trading session, reaching $103.3. About 303,376 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 29.40% since July 16, 2017 and is uptrending. It has outperformed by 16.83% the S&P500.

Clinton Group Inc, which manages about $2.04B and $931.78M US Long portfolio, decreased its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 9,691 shares to 1,793 shares, valued at $740,000 in 2018Q1, according to the filing. It also reduced its holding in International Game Technolog by 235,905 shares in the quarter, leaving it with 116,864 shares, and cut its stake in Freeport (NYSE:FCX).

Avery Dennison Corporation (NYSE:AVY) Ratings Coverage

Among 9 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Avery Dennison had 17 analyst reports since January 18, 2018 according to SRatingsIntel. On Thursday, February 1 the stock rating was downgraded by J.P. Morgan to “Sell”. The rating was upgraded by JP Morgan on Monday, February 12 to “Neutral”. The company was upgraded on Thursday, April 26 by JP Morgan. J.P. Morgan upgraded Avery Dennison Corporation (NYSE:AVY) on Monday, February 12 to “Hold” rating. As per Friday, March 16, the company rating was downgraded by JP Morgan. Citigroup maintained it with “Buy” rating and $125 target in Thursday, April 5 report. The rating was maintained by Barclays Capital on Wednesday, June 27 with “Overweight”. As per Thursday, April 26, the company rating was upgraded by J.P. Morgan. The rating was maintained by Bank of America on Thursday, February 1 with “Buy”. The company was maintained on Friday, February 2 by KeyBanc Capital Markets.

Avery Dennison Corporation (NYSE:AVY) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.