Highvista Strategies Lowered Ingersoll (IR) Position, Emc Insurance Group (EMCI) Shorts Decreased By 6.18%

June 19, 2017 - By Marie Mckinney

Highvista Strategies Llc decreased Ingersoll (IR) stake by 78.68% reported in 2016Q4 SEC filing. Highvista Strategies Llc sold 15,500 shares as Ingersoll (IR)’s stock rose 10.19%. The Highvista Strategies Llc holds 4,200 shares with $315,000 value, down from 19,700 last quarter. Ingersoll now has $24.42 billion valuation. The stock rose 0.53% or $0.49 reaching $92.83. About 1.19M shares traded. Ingersoll-Rand PLC (NYSE:IR) has risen 39.42% since June 19, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

Emc Insurance Group Incorporated (NASDAQ:EMCI) had a decrease of 6.18% in short interest. EMCI’s SI was 51,600 shares in June as released by FINRA. Its down 6.18% from 55,000 shares previously. With 19,400 avg volume, 3 days are for Emc Insurance Group Incorporated (NASDAQ:EMCI)’s short sellers to cover EMCI’s short positions. The SI to Emc Insurance Group Incorporated’s float is 0.59%. About 4,831 shares traded. EMC Insurance Group Inc. (NASDAQ:EMCI) has risen 2.06% since June 19, 2016 and is uptrending. It has underperformed by 14.64% the S&P500.

Analysts await Ingersoll-Rand PLC (NYSE:IR) to report earnings on July, 26. They expect $1.45 EPS, up 5.07% or $0.07 from last year’s $1.38 per share. IR’s profit will be $381.44M for 16.01 P/E if the $1.45 EPS becomes a reality. After $0.57 actual EPS reported by Ingersoll-Rand PLC for the previous quarter, Wall Street now forecasts 154.39% EPS growth.

Highvista Strategies Llc increased St Jude Med Inc (NYSE:STJ) stake by 31,560 shares to 258,637 valued at $20.74 million in 2016Q4. It also upped Manitowoc Foodservice Inc stake by 58,735 shares and now owns 315,522 shares. Cbs Corp New (NYSE:CBS) was raised too.

Investors sentiment increased to 1.33 in 2016 Q4. Its up 0.13, from 1.2 in 2016Q3. It increased, as 37 investors sold IR shares while 175 reduced holdings. 102 funds opened positions while 181 raised stakes. 216.69 million shares or 10.11% more from 196.79 million shares in 2016Q3 were reported. Ferguson Wellman Cap, Oregon-based fund reported 199,829 shares. 27,598 are held by New Mexico Educational Retirement Board. Public Sector Pension Inv Board has invested 0.04% in Ingersoll-Rand PLC (NYSE:IR). Ubs Asset Mgmt Americas Inc accumulated 3.20M shares or 0.27% of the stock. Franklin Resources holds 1.11 million shares or 0.04% of its portfolio. Sandy Spring Retail Bank holds 0% of its portfolio in Ingersoll-Rand PLC (NYSE:IR) for 108 shares. Peapack Gladstone Finance Corp holds 0% or 5,295 shares. Oregon Employees Retirement Fund stated it has 0.04% in Ingersoll-Rand PLC (NYSE:IR). Manchester Capital Mgmt Limited Liability owns 0.02% invested in Ingersoll-Rand PLC (NYSE:IR) for 1,663 shares. Moreover, Fifth Third Bank & Trust has 0.02% invested in Ingersoll-Rand PLC (NYSE:IR). Ellington Mgmt Gru Ltd Liability Com invested in 0.04% or 3,700 shares. Blackrock Institutional Trust Na holds 0.09% or 8.17M shares. Massachusetts-based Martingale Asset Mngmt LP has invested 0.04% in Ingersoll-Rand PLC (NYSE:IR). First Personal Services, a North Carolina-based fund reported 683 shares. Pnc Financial Serv Grp Incorporated owns 1.56M shares for 0.13% of their portfolio.

Among 15 analysts covering Ingersoll-Rand Plc (NYSE:IR), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Ingersoll-Rand Plc had 35 analyst reports since July 30, 2015 according to SRatingsIntel. On Wednesday, July 13 the stock rating was initiated by BMO Capital Markets with “Outperform”. The stock of Ingersoll-Rand PLC (NYSE:IR) earned “Buy” rating by Buckingham Research on Thursday, April 14. Citigroup initiated the shares of IR in report on Thursday, January 21 with “Buy” rating. On Tuesday, April 19 the stock rating was maintained by Citigroup with “Buy”. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Sector Perform” rating given on Wednesday, July 29 by RBC Capital Markets. Jefferies maintained Ingersoll-Rand PLC (NYSE:IR) rating on Monday, April 3. Jefferies has “Buy” rating and $90 target. The stock of Ingersoll-Rand PLC (NYSE:IR) has “Buy” rating given on Wednesday, April 12 by Credit Suisse. On Thursday, October 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Outperform” rating on Monday, April 4 by CLSA. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, March 28 report.

Investors sentiment decreased to 1.33 in 2016 Q4. Its down 0.34, from 1.67 in 2016Q3. It dropped, as 6 investors sold EMC Insurance Group Inc. shares while 21 reduced holdings. 6 funds opened positions while 30 raised stakes. 5.91 million shares or 0.28% less from 5.93 million shares in 2016Q3 were reported. California Employees Retirement invested in 0% or 15,300 shares. Jnba Finance Advsrs stated it has 1,500 shares. Rhumbline Advisers owns 11,967 shares for 0% of their portfolio. Northern Tru, a Illinois-based fund reported 385,534 shares. California State Teachers Retirement has 17,206 shares. Metropolitan Life Insurance Co New York stated it has 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). Ativo Management Lc accumulated 33,170 shares. Grace White Incorporated reported 188,358 shares or 1.22% of all its holdings. Susquehanna Intll Group Llp invested 0% of its portfolio in EMC Insurance Group Inc. (NASDAQ:EMCI). Jpmorgan Chase And Company, New York-based fund reported 15,319 shares. Prudential holds 0% of its portfolio in EMC Insurance Group Inc. (NASDAQ:EMCI) for 60,157 shares. Swiss Bancshares reported 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). Nationwide Fund Advisors has invested 0% of its portfolio in EMC Insurance Group Inc. (NASDAQ:EMCI). Public Employees Retirement Association Of Colorado holds 0% or 14,574 shares in its portfolio. Blackrock Fund Advisors has 0% invested in EMC Insurance Group Inc. (NASDAQ:EMCI) for 281,560 shares.

Among 2 analysts covering EMC Insurance Group (NASDAQ:EMCI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. EMC Insurance Group had 4 analyst reports since September 9, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, December 18 by Sandler O’Neill. Sandler O’Neill upgraded EMC Insurance Group Inc. (NASDAQ:EMCI) on Wednesday, January 20 to “Buy” rating. Sandler O’Neill upgraded the shares of EMCI in report on Wednesday, September 9 to “Buy” rating. On Tuesday, October 20 the stock rating was initiated by Keefe Bruyette & Woods with “Market Perform”.

Since February 16, 2017, it had 0 insider buys, and 5 insider sales for $224,944 activity. 2,687 shares were sold by Nigut Elizabeth A, worth $76,973. Shares for $64,350 were sold by Paine Ronald Allan. Lovell Michael Alan sold $15,651 worth of stock. Shares for $63,987 were sold by REESE MARK E on Monday, June 12.

EMC Insurance Group Inc. is an insurance holding company. The company has market cap of $586.96 million. The Firm operates through two divisions: Property and Casualty Insurance and Reinsurance segment. It has a 15.1 P/E ratio. It conducts its property and casualty insurance activities through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance activities through its subsidiary, EMC Reinsurance Company.

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