Public Storage (PSA) Holder Adell Harriman & Carpenter Trimmed Holding; Copeland Capital Management Has Cut Its Position in Ross Stores (ROST) as Share Price Declined

February 15, 2018 - By Hazel Jackson

Copeland Capital Management Llc decreased its stake in Ross Stores (ROST) by 9.46% based on its latest 2017Q3 regulatory filing with the SEC. Copeland Capital Management Llc sold 24,047 shares as the company’s stock declined 9.26% while stock markets rallied. The institutional investor held 230,192 shares of the consumer services company at the end of 2017Q3, valued at $14.86M, down from 254,239 at the end of the previous reported quarter. Copeland Capital Management Llc who had been investing in Ross Stores for a number of months, seems to be less bullish one the $30.16 billion market cap company. The stock increased 1.43% or $1.11 during the last trading session, reaching $78.93. About 2.00M shares traded. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since February 15, 2017 and is uptrending. It has underperformed by 4.67% the S&P500.

Adell Harriman & Carpenter Inc decreased its stake in Public Storage (PSA) by 22.25% based on its latest 2017Q3 regulatory filing with the SEC. Adell Harriman & Carpenter Inc sold 625 shares as the company’s stock declined 5.00% while stock markets rallied. The institutional investor held 2,184 shares of the real estate investment trusts company at the end of 2017Q3, valued at $467.35 million, down from 2,809 at the end of the previous reported quarter. Adell Harriman & Carpenter Inc who had been investing in Public Storage for a number of months, seems to be less bullish one the $32.51 billion market cap company. The stock decreased 1.28% or $2.42 during the last trading session, reaching $186.78. About 963,755 shares traded or 5.57% up from the average. Public Storage (NYSE:PSA) has declined 14.14% since February 15, 2017 and is downtrending. It has underperformed by 30.84% the S&P500.

Among 17 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 6 Sell and 9 Hold. Therefore 12% are positive. Public Storage had 61 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Public Storage (NYSE:PSA) earned “Buy” rating by Zacks on Monday, August 24. The rating was maintained by Argus Research on Wednesday, January 27 with “Buy”. The rating was maintained by KeyBanc Capital Markets with “Sell” on Wednesday, October 11. RBC Capital Markets maintained it with “Sector Perform” rating and $243 target in Wednesday, May 11 report. The stock of Public Storage (NYSE:PSA) earned “Neutral” rating by Goldman Sachs on Monday, October 31. The rating was maintained by KeyBanc Capital Markets on Wednesday, November 15 with “Sell”. The stock has “Equalweight” rating by Barclays Capital on Tuesday, July 19. The rating was maintained by Argus Research on Tuesday, August 1 with “Buy”. The company was maintained on Friday, August 18 by Jefferies. The firm has “Neutral” rating by JP Morgan given on Thursday, December 17.

Analysts await Public Storage (NYSE:PSA) to report earnings on February, 28. They expect $2.71 earnings per share, up 2.26% or $0.06 from last year’s $2.65 per share. PSA’s profit will be $471.65 million for 17.23 P/E if the $2.71 EPS becomes a reality. After $2.61 actual earnings per share reported by Public Storage for the previous quarter, Wall Street now forecasts 3.83% EPS growth.

Adell Harriman & Carpenter Inc, which manages about $528.39M and $457.71B US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 125 shares to 28,369 shares, valued at $4.14B in 2017Q3, according to the filing. It also increased its holding in Gs Emerging Market Etf by 15,165 shares in the quarter, for a total of 44,965 shares, and has risen its stake in Unitedhealthcare Group (NYSE:UNH).

Since September 12, 2017, it had 0 buys, and 2 sales for $1.35 million activity. Shares for $402,054 were sold by Morrow Brian R..

Copeland Capital Management Llc, which manages about $1.04 billion and $1.47 billion US Long portfolio, upped its stake in American States Water Company (NYSE:AWR) by 6,416 shares to 418,555 shares, valued at $20.61 million in 2017Q3, according to the filing. It also increased its holding in Comfort Systems Usa Inc. (NYSE:FIX) by 9,952 shares in the quarter, for a total of 441,581 shares, and has risen its stake in Evercore Inc (NYSE:EVR).

Analysts await Ross Stores, Inc. (NASDAQ:ROST) to report earnings on February, 27. They expect $0.92 EPS, up 19.48% or $0.15 from last year’s $0.77 per share. ROST’s profit will be $351.58M for 21.45 P/E if the $0.92 EPS becomes a reality. After $0.72 actual EPS reported by Ross Stores, Inc. for the previous quarter, Wall Street now forecasts 27.78% EPS growth.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.04, from 1 in 2017Q2. It is positive, as 58 investors sold ROST shares while 200 reduced holdings. 72 funds opened positions while 196 raised stakes. 339.45 million shares or 0.11% less from 339.81 million shares in 2017Q2 were reported. Btim owns 812,767 shares. Burney holds 0.46% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST) for 121,976 shares. Ontario Teachers Pension Plan Board holds 0.14% or 162,872 shares. Fort Point Ptnrs Ltd Llc stated it has 0.35% in Ross Stores, Inc. (NASDAQ:ROST). Susquehanna Int Group Limited Liability Partnership reported 0% stake. Westport Asset Mngmt has invested 0.97% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Huntington Bank & Trust owns 8,822 shares for 0.01% of their portfolio. Gofen & Glossberg Il stated it has 10,600 shares. Aperio Grp Lc has 190,898 shares. Lord Abbett Limited has 0.1% invested in Ross Stores, Inc. (NASDAQ:ROST). Nikko Asset Americas invested 0.01% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Fdx Inc holds 0.05% in Ross Stores, Inc. (NASDAQ:ROST) or 27,034 shares. Eastern Retail Bank stated it has 0.06% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Scotia Capital holds 6,992 shares or 0.01% of its portfolio. Kayne Anderson Rudnick Invest Management Limited Com stated it has 0.24% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST).

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