Contour Asset Management Increased Its Workday (WDAY) Holding; Morgan Stanley Holding in …



July 13, 2018 – By Rachel Eickhoff

RPM International Inc. (NYSE:RPM) Logo

Contour Asset Management Llc increased its stake in Workday Inc (WDAY) by 85.31% based on its latest 2018Q1 regulatory filing with the SEC. Contour Asset Management Llc bought 218,829 shares as the company’s stock rose 2.34% while stock markets declined. The hedge fund held 475,329 shares of the technology company at the end of 2018Q1, valued at $60.42 million, up from 256,500 at the end of the previous reported quarter. Contour Asset Management Llc who had been investing in Workday Inc for a number of months, seems to be bullish on the $28.72B market cap company. The stock decreased 2.78% or $3.815 during the last trading session, reaching $133.495. About 1.08M shares traded. Workday, Inc. (NYSE:WDAY) has risen 30.14% since July 13, 2017 and is uptrending. It has outperformed by 17.57% the S&P500.

Morgan Stanley decreased its stake in Rpm Intl Inc (RPM) by 47.05% based on its latest 2018Q1 regulatory filing with the SEC. Morgan Stanley sold 672,194 shares as the company’s stock rose 1.24% while stock markets declined. The institutional investor held 756,565 shares of the paints and coatings company at the end of 2018Q1, valued at $36.07M, down from 1.43M at the end of the previous reported quarter. Morgan Stanley who had been investing in Rpm Intl Inc for a number of months, seems to be less bullish one the $8.14B market cap company. The stock increased 0.90% or $0.54 during the last trading session, reaching $60.85. About 434,910 shares traded. RPM International Inc. (NYSE:RPM) has declined 4.66% since July 13, 2017 and is downtrending. It has underperformed by 17.23% the S&P500. Some Historical RPM News: 05/04/2018 – On the earnings front, Monsanto, RPM International, and Conn’s are all scheduled to report; 19/03/2018 – RPM BUYS LEADER IN TILE, GROUT SEALER MKT; 26/04/2018 – EQT CORP – PERMIAN SALE WILL REDUCE COMPANY’S 2018 PRODUCTION SALES VOLUME GUIDANCE BY 5 BCFE; 05/04/2018 – RPM INTERNATIONAL INC RPM.N SEES FY 2018 SHR $3.05 TO $3.10; 19/03/2018 – RPM – TERMS OF DEAL, WHICH IS EXPECTED TO BE ACCRETIVE TO EARNINGS WITHIN ONE YEAR, EXCLUDING ONE-TIME, TRANSACTION-RELATED COSTS, WERE NOT DISCLOSED; 05/04/2018 – RPM Names Kinser Vice President of Operations; 03/05/2018 – RPM International Non-Deal Roadshow Set By Seaport for May. 10; 19/03/2018 – RPM International: Rust-Oleum Group Has Acquired Miracle Sealants Co; 05/04/2018 – RPM International 3Q EPS 30c; 05/04/2018 – RPM International Sees FY18 EPS $3.05-EPS $3.10

More news for Workday, Inc. (NASDAQ:WDAY) were recently published by: Nasdaq.com, which released: “3 Huge Reasons to Be Bullish on Coca-Cola Stock” on July 06, 2018. Nasdaq.com‘s article titled: “3 Cloud Stocks to Buy Right Now” and published on July 12, 2018 is yet another important article.

Investors sentiment decreased to 1.25 in Q1 2018. Its down 0.37, from 1.62 in 2017Q4. It turned negative, as 30 investors sold WDAY shares while 109 reduced holdings. 70 funds opened positions while 104 raised stakes. 146.97 million shares or 0.81% more from 145.79 million shares in 2017Q4 were reported. The Massachusetts-based State Street Corp has invested 0.03% in Workday, Inc. (NASDAQ:WDAY). Etrade Capital Mgmt Limited accumulated 3,546 shares or 0.01% of the stock. Fmr Ltd Com owns 17.55 million shares. Toronto Dominion Bankshares reported 9,377 shares. Advisory Inc has invested 0.01% in Workday, Inc. (NASDAQ:WDAY). Gemmer Asset Mngmt reported 9,026 shares or 0.39% of all its holdings. The New York-based Jpmorgan Chase Com has invested 0.08% in Workday, Inc. (NASDAQ:WDAY). S&Co invested in 16,417 shares or 0.26% of the stock. Kcm Advsrs Limited Co holds 0.03% in Workday, Inc. (NASDAQ:WDAY) or 3,304 shares. Nicholas Inv Partners Limited Partnership stated it has 0.23% of its portfolio in Workday, Inc. (NASDAQ:WDAY). Cap Ww has 3.48 million shares. Cornerstone Advsrs holds 0.02% in Workday, Inc. (NASDAQ:WDAY) or 255 shares. Ent Fincl Services Corp invested in 18 shares. State Board Of Administration Of Florida Retirement System holds 0.06% or 185,577 shares. Raymond James And Assoc holds 0.02% of its portfolio in Workday, Inc. (NASDAQ:WDAY) for 77,799 shares.

Contour Asset Management Llc, which manages about $2.80B and $1.89B US Long portfolio, decreased its stake in Hewlett Packard Enterprise C by 85,062 shares to 20,458 shares, valued at $359,000 in 2018Q1, according to the filing. It also reduced its holding in Netflix Inc (NASDAQ:NFLX) by 348,129 shares in the quarter, leaving it with 147,471 shares, and cut its stake in Grubhub Inc (NYSE:GRUB).

Since January 16, 2018, it had 0 insider buys, and 34 sales for $210.49 million activity. DUFFIELD DAVID A sold 389,988 shares worth $50.01M. $2.16 million worth of Workday, Inc. (NASDAQ:WDAY) was sold by STILL GEORGE J JR. $3.18 million worth of stock was sold by Stankey Michael A. on Tuesday, March 27. PEEK MARK S also sold $2.01M worth of Workday, Inc. (NASDAQ:WDAY) shares. MCNAMARA MICHAEL M had sold 19,755 shares worth $2.53 million on Wednesday, June 20. $1.10 million worth of stock was sold by Fernandez Gomez Luciano on Thursday, March 15.

Among 51 analysts covering Workday (NYSE:WDAY), 21 have Buy rating, 4 Sell and 26 Hold. Therefore 41% are positive. Workday had 207 analyst reports since August 5, 2015 according to SRatingsIntel. On Wednesday, March 1 the stock rating was downgraded by Bernstein to “Mkt Perform”. The stock has “Hold” rating by Jefferies on Friday, June 2. The firm has “Hold” rating given on Friday, June 2 by Credit Suisse. The stock has “Buy” rating by Drexel Hamilton on Thursday, August 25. As per Wednesday, June 15, the company rating was initiated by BMO Capital Markets. The stock of Workday, Inc. (NASDAQ:WDAY) has “Hold” rating given on Wednesday, February 28 by Stephens. On Wednesday, January 10 the stock rating was maintained by Guggenheim with “Hold”. Oppenheimer maintained the shares of WDAY in report on Tuesday, August 25 with “Outperform” rating. The firm has “Buy” rating by Piper Jaffray given on Monday, May 21. The rating was maintained by BMO Capital Markets on Thursday, August 17 with “Market Perform”.

Among 12 analysts covering RPM International (NYSE:RPM), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. RPM International had 23 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of RPM International Inc. (NYSE:RPM) earned “Buy” rating by BMO Capital Markets on Tuesday, March 27. The firm has “Buy” rating by Seaport Global given on Friday, April 6. As per Tuesday, January 5, the company rating was initiated by Seaport Global Securities. The company was maintained on Tuesday, August 22 by KeyBanc Capital Markets. RBC Capital Markets maintained the shares of RPM in report on Monday, November 13 with “Hold” rating. JP Morgan downgraded the shares of RPM in report on Friday, March 16 to “Underweight” rating. The stock of RPM International Inc. (NYSE:RPM) has “Hold” rating given on Monday, October 9 by RBC Capital Markets. As per Thursday, July 13, the company rating was maintained by RBC Capital Markets. The stock of RPM International Inc. (NYSE:RPM) has “Hold” rating given on Tuesday, September 5 by RBC Capital Markets. The rating was upgraded by JP Morgan to “Neutral” on Monday, July 2.

Analysts await RPM International Inc. (NYSE:RPM) to report earnings on July, 19 before the open. They expect $1.18 EPS, up 15.69% or $0.16 from last year’s $1.02 per share. RPM’s profit will be $157.79 million for 12.89 P/E if the $1.18 EPS becomes a reality. After $0.21 actual EPS reported by RPM International Inc. for the previous quarter, Wall Street now forecasts 461.90% EPS growth.

More news for RPM International Inc. (NYSE:RPM) were recently published by: Crainscleveland.com, which released: “RPM International enters pact with activist investor, makes changes aimed at ‘operational and financial improvement’” on June 28, 2018. Crainscleveland.com‘s article titled: “RPM streamlines leadership structure” and published on July 09, 2018 is yet another important article.

Since January 16, 2018, it had 0 insider buys, and 1 sale for $1.83 million activity.

Investors sentiment decreased to 1.29 in Q1 2018. Its down 0.07, from 1.36 in 2017Q4. It is negative, as 29 investors sold RPM shares while 107 reduced holdings. 51 funds opened positions while 125 raised stakes. 104.65 million shares or 6.66% more from 98.12 million shares in 2017Q4 were reported. Voloridge Investment Ltd Llc reported 83,781 shares. North Point Managers Corporation Oh reported 185,423 shares. Raymond James Tru Na has invested 0.03% in RPM International Inc. (NYSE:RPM). Echo Street Cap Mgmt Ltd reported 265,466 shares. Enterprise Corporation holds 0.01% in RPM International Inc. (NYSE:RPM) or 400 shares. First Interstate Comml Bank owns 400 shares for 0% of their portfolio. Axa accumulated 118,400 shares. Rbf Capital, California-based fund reported 61,405 shares. Credit Suisse Ag has 1.46 million shares. Reilly Financial Ltd invested in 0.01% or 1,813 shares. 4,393 were accumulated by Opus Capital Ltd. Oppenheimer Incorporated, a New York-based fund reported 39,888 shares. Massachusetts Services Ma reported 2.09M shares. Brandywine Global Investment Management Ltd Liability Company has invested 0.03% in RPM International Inc. (NYSE:RPM). State Of Tennessee Treasury Department reported 38,421 shares.

Morgan Stanley, which manages about $60.09 billion and $360.30B US Long portfolio, upped its stake in Ishares Tr (SLQD) by 357,821 shares to 1.52M shares, valued at $75.61M in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (IVV) by 452,976 shares in the quarter, for a total of 5.18 million shares, and has risen its stake in Myokardia Inc.

RPM International Inc. (NYSE:RPM) Institutional Positions Chart

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