William Blair Investment Management Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : William Blair Investment Management reduced its stake in Newell Rubbermaid by 29.95% during the most recent quarter end. The investment management company now holds a total of 4,665,803 shares of Newell Rubbermaid which is valued at $254,146,289 after selling 1,995,235 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Newell Rubbermaid makes up approximately 0.94% of William Blair Investment Management’s portfolio.

Other Hedge Funds, Including , Argent Capital Management boosted its stake in NWL in the latest quarter, The investment management firm added 775 additional shares and now holds a total of 8,525 shares of Newell Rubbermaid which is valued at $464,357. Newell Rubbermaid makes up approx 0.02% of Argent Capital Management’s portfolio. Cowen Prime Services sold out all of its stake in NWL during the most recent quarter. The investment firm sold 14,008 shares of NWL which is valued $752,930. Hap Trading sold out all of its stake in NWL during the most recent quarter. The investment firm sold 205,384 shares of NWL which is valued $11,039,390.Cutter Co Brokerage reduced its stake in NWL by selling 160 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 9,322 shares of NWL which is valued at $498,820. Newell Rubbermaid makes up approx 0.21% of Cutter Co Brokerage’s portfolio. Wedge Capital Management L L Pnc added NWL to its portfolio by purchasing 58,489 company shares during the most recent quarter which is valued at $3,068,333. Newell Rubbermaid makes up approx 0.03% of Wedge Capital Management L L Pnc’s portfolio.

Newell Rubbermaid (NWL) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $55 and reached the intraday high at $55.45. The bulls started the profit booking and pushed the shares to intraday low of $54.82. The trading session was marked by a volume range of 37,25,895 shares exchanging hands. The 52-week high of the shares is $55.45 and the 52-week low is $33.26. The market cap of the company stands at $26,468 M and there are 48,22,00,000 shares in public circulation.

On the company’s financial health, Newell Rubbermaid reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.72. The company had revenue of $3858.90 million for the quarter, compared to analysts expectations of $3722.77 million. The company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .

Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing which designs manufactures or sources and distributes writing instruments and labeling solutions primarily for use in business and the home; Home Solutions which designs manufactures or sources and distributes a range of consumer products under various brand names; Tools which designs manufactures or sources and distributes hand tools and power tool accessories industrial bandsaw blades tools and industrial-labeling solutions; Commercial Products which designs manufactures or sources and distributes cleaning and refuse products hygiene systems material handling solutions and medical and computer carts and Baby & Parenting which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands including Sharpie Paper Mate Parker Calphalon Irwin Lenox Elmer’s Graco Aprica and Baby Jogger.

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