A. O. Smith (AOS) Reaches $65.32 52-Week High; Glenmede Trust Company Na Has Boosted Aramark (ARMK) Holding

January 14, 2018 - By Adrian Erickson

The stock of A. O. Smith Corporation (NYSE:AOS) hit a new 52-week high and has $70.55 target or 8.00% above today’s $65.32 share price. The 5 months bullish chart indicates low risk for the $11.23B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $70.55 price target is reached, the company will be worth $898.40M more. The stock increased 0.88% or $0.57 during the last trading session, reaching $65.32. About 856,560 shares traded or 5.66% up from the average. A. O. Smith Corporation (NYSE:AOS) has risen 35.20% since January 14, 2017 and is uptrending. It has outperformed by 18.50% the S&P500.

Glenmede Trust Company Na increased Aramark (ARMK) stake by 3070.63% reported in 2017Q3 SEC filing. Glenmede Trust Company Na acquired 39,519 shares as Aramark (ARMK)’s stock rose 2.38%. The Glenmede Trust Company Na holds 40,806 shares with $1.66 million value, up from 1,287 last quarter. Aramark now has $10.82B valuation. The stock increased 0.09% or $0.04 during the last trading session, reaching $44.07. About 1.33M shares traded or 8.39% up from the average. Aramark (NYSE:ARMK) has risen 13.66% since January 14, 2017 and is uptrending. It has underperformed by 3.04% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.38, from 1.22 in 2017Q2. It is negative, as 32 investors sold ARMK shares while 104 reduced holdings. 29 funds opened positions while 85 raised stakes. 228.50 million shares or 0.02% more from 228.44 million shares in 2017Q2 were reported. The California-based Globeflex Cap Limited Partnership has invested 0.21% in Aramark (NYSE:ARMK). Segall Bryant & Hamill Ltd Liability Corporation stated it has 0.93% of its portfolio in Aramark (NYSE:ARMK). Zurcher Kantonalbank (Zurich Cantonalbank) owns 44,633 shares. Advsr Asset Management Inc stated it has 1,323 shares or 0% of all its holdings. Amalgamated Financial Bank stated it has 44,718 shares. Reinhart Prns, a Wisconsin-based fund reported 411,210 shares. Nordea Investment Ab has 4,880 shares. Da Davidson & Co has invested 0% in Aramark (NYSE:ARMK). Vanguard Grp owns 20.21M shares or 0.04% of their US portfolio. Victory Mngmt holds 889,673 shares or 0.08% of its portfolio. Huntington National Bank & Trust reported 0% in Aramark (NYSE:ARMK). Pub Employees Retirement Of Ohio holds 0.04% or 170,184 shares in its portfolio. Jpmorgan Chase And Co reported 0.01% in Aramark (NYSE:ARMK). First Mercantile Co holds 0.09% in Aramark (NYSE:ARMK) or 11,637 shares. 16,111 are held by Sumitomo Life Insur Company.

Among 14 analysts covering Aramark Holdings Corporation (NYSE:ARMK), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Aramark Holdings Corporation had 34 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Aramark (NYSE:ARMK) earned “Buy” rating by Nomura on Tuesday, October 17. The company was maintained on Monday, September 11 by Robert W. Baird. RBC Capital Markets maintained Aramark (NYSE:ARMK) rating on Thursday, August 13. RBC Capital Markets has “Top Pick” rating and $36 target. The firm earned “Equal Weight” rating on Tuesday, January 10 by Barclays Capital. The stock has “Buy” rating by RBC Capital Markets on Monday, June 26. Robert W. Baird maintained the shares of ARMK in report on Monday, October 16 with “Buy” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $40 target in Thursday, August 10 report. As per Wednesday, August 9, the company rating was maintained by Nomura. The stock of Aramark (NYSE:ARMK) earned “Buy” rating by RBC Capital Markets on Tuesday, November 14. The firm earned “Top Pick” rating on Friday, November 6 by RBC Capital Markets.

Glenmede Trust Company Na decreased Helmerich And Payne Inc (NYSE:HP) stake by 193,158 shares to 5,085 valued at $263,000 in 2017Q3. It also reduced Davita Healthcare Partners Inc (NYSE:DVA) stake by 333,882 shares and now owns 30,242 shares. Activision Blizzard Inc (NASDAQ:ATVI) was reduced too.

Since August 3, 2017, it had 0 insider purchases, and 2 insider sales for $4.56 million activity. Another trade for 22,267 shares valued at $1.32 million was sold by Martineau Peter R. Another trade for 60,000 shares valued at $3.24 million was made by JONES PAUL W on Thursday, August 3.

A. O. Smith Corporation manufactures and markets residential and commercial gas, gas tankless, electric water heaters, and water treatment products in North America, China, Europe, and India. The company has market cap of $11.23 billion. The firm offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. It has a 32.02 P/E ratio. It also provides heat pump and solar units, as well as combi boilers; and air purification products.

Among 15 analysts covering AO Smith Corp (NYSE:AOS), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. AO Smith Corp has $111 highest and $50 lowest target. $71.38’s average target is 9.28% above currents $65.32 stock price. AO Smith Corp had 31 analyst reports since September 11, 2015 according to SRatingsIntel. The stock has “Outperform” rating by BMO Capital Markets on Tuesday, April 5. The stock of A. O. Smith Corporation (NYSE:AOS) earned “Neutral” rating by Boenning & Scattergood on Wednesday, October 25. The company was initiated on Tuesday, November 3 by SunTrust. BMO Capital Markets maintained it with “Buy” rating and $6000 target in Wednesday, June 21 report. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, September 5. The stock of A. O. Smith Corporation (NYSE:AOS) earned “Buy” rating by Boenning & Scattergood on Wednesday, July 26. SunTrust maintained it with “Buy” rating and $65.0 target in Thursday, October 12 report. The stock of A. O. Smith Corporation (NYSE:AOS) has “Buy” rating given on Wednesday, October 4 by Robert W. Baird. On Friday, February 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 7 report.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.20, from 0.94 in 2017Q2. It increased, as 36 investors sold A. O. Smith Corporation shares while 132 reduced holdings. 73 funds opened positions while 118 raised stakes. 123.32 million shares or 19.18% less from 152.59 million shares in 2017Q2 were reported. Water Asset Mngmt Limited Liability holds 8.52% or 286,602 shares in its portfolio. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.24% in A. O. Smith Corporation (NYSE:AOS). Dekabank Deutsche Girozentrale holds 0.03% in A. O. Smith Corporation (NYSE:AOS) or 74,940 shares. Atria Invs Ltd Liability Corp, a North Carolina-based fund reported 4,894 shares. Westwood Grp holds 9,700 shares or 0% of its portfolio. Echo Street Capital Management Ltd reported 0.39% in A. O. Smith Corporation (NYSE:AOS). Westpac Corporation holds 0.01% or 7,801 shares. Northwestern Mutual Wealth Management has invested 0% of its portfolio in A. O. Smith Corporation (NYSE:AOS). Moreover, Crawford Investment Counsel has 0.03% invested in A. O. Smith Corporation (NYSE:AOS). Asset Mngmt has 0.04% invested in A. O. Smith Corporation (NYSE:AOS). Moreover, Verition Fund Mngmt Ltd has 0.03% invested in A. O. Smith Corporation (NYSE:AOS) for 6,698 shares. Mitsubishi Ufj Trust & accumulated 297,930 shares or 0.03% of the stock. Aureus Asset Management Ltd Liability Corporation, Massachusetts-based fund reported 6,200 shares. Agf Invs reported 36,377 shares. 8,611 were accumulated by M&T Bancshares Corporation.

Analysts await A. O. Smith Corporation (NYSE:AOS) to report earnings on February, 1. They expect $0.56 EPS, up 19.15% or $0.09 from last year’s $0.47 per share. AOS’s profit will be $96.28M for 29.16 P/E if the $0.56 EPS becomes a reality. After $0.54 actual EPS reported by A. O. Smith Corporation for the previous quarter, Wall Street now forecasts 3.70% EPS growth.

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