Rainier Investment Management Lowers stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Rainier Investment Management reduced its stake in A. O. Smith Corp by 21.01% during the most recent quarter end. The investment management company now holds a total of 246,000 shares of A. O. Smith Corp which is valued at $23,148,600 after selling 65,420 shares in A. O. Smith Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.A. O. Smith Corp makes up approximately 1.07% of Rainier Investment Management’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital reduced its stake in AOS by selling 12,704 shares or 9.07% in the most recent quarter. The Hedge Fund company now holds 127,340 shares of AOS which is valued at $11,982,694. A. O. Smith Corp makes up approx 0.04% of Guggenheim Capital’s portfolio.Central Trust Co boosted its stake in AOS in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 5,010 shares of A. O. Smith Corp which is valued at $475,249. A. O. Smith Corp makes up approx 0.03% of Central Trust Co’s portfolio.Ibm Retirement Fund reduced its stake in AOS by selling 112 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 7,363 shares of AOS which is valued at $659,430. A. O. Smith Corp makes up approx 0.02% of Ibm Retirement Fund’s portfolio. Nordea Investment Management Ab added AOS to its portfolio by purchasing 1,700 company shares during the most recent quarter which is valued at $153,969.

A. O. Smith Corp closed down -0.12 points or -0.12% at $96.36 with 4,71,395 shares getting traded on Thursday. Post opening the session at $96.41, the shares hit an intraday low of $95.74 and an intraday high of $96.86 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, A. O. Smith Corp reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.91. The company had revenue of $667.00 million for the quarter, compared to analysts expectations of $694.03 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on A. O. Smith Corp. A. O. Smith Corp was Initiated by Longbow to “Neutral” on Jun 17, 2016.

A. O. Smith Corporation operates its business through two segments which include North America and Rest of World. Both segments manufacture and market a range of residential gas gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment condensing and non-condensing boilers and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products including water heaters boilers and others. The Rest of World segment manufactures and markets water treatment products primarily in Asia. The Rest of World segment includes China Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering including electric gas gas tankless heat pump and solar units as well as combi boilers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *