As Avery Dennison Corp (AVY) Stock Declined, Shareholder Engineers Gate Manager LP Raised Its Position

Avery Dennison Corporation (NYSE:AVY) LogoInvestors sentiment increased to 0.79 in 2018 Q2. Its up 0.03, from 0.76 in 2018Q1. It is positive, as 45 investors sold AVY shares while 183 reduced holdings. 41 funds opened positions while 140 raised stakes. 69.38 million shares or 0.81% less from 69.95 million shares in 2018Q1 were reported. Kames Cap Public Ltd Co reported 2.15% stake. Vanguard has 0.04% invested in Avery Dennison Corporation (NYSE:AVY) for 9.76 million shares. Fort Lp reported 0.03% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Smithfield stated it has 0.02% in Avery Dennison Corporation (NYSE:AVY). 22,249 are owned by Gotham Asset Mngmt Lc. Panagora Asset Mngmt Inc holds 392,402 shares. Credit Agricole S A accumulated 11,000 shares or 0.08% of the stock. Chicago Equity Prtnrs Lc owns 47,210 shares for 0.15% of their portfolio. Texas Permanent School Fund invested 0.03% in Avery Dennison Corporation (NYSE:AVY). Motco stated it has 241 shares or 0% of all its holdings. 2,000 were reported by C Worldwide Group Incorporated A S. Spectrum reported 0.18% in Avery Dennison Corporation (NYSE:AVY). Signaturefd has 149 shares. Comerica Retail Bank has invested 0.03% in Avery Dennison Corporation (NYSE:AVY). Fund Mngmt holds 0.02% or 34,104 shares in its portfolio.

Since September 7, 2018, it had 0 buys, and 1 sale for $133,556 activity.

Engineers Gate Manager Lp increased its stake in Avery Dennison Corp (AVY) by 136.32% based on its latest 2018Q2 regulatory filing with the SEC. Engineers Gate Manager Lp bought 34,391 shares as the company’s stock declined 0.71% while stock markets rallied. The institutional investor held 59,619 shares of the containers and packaging company at the end of 2018Q2, valued at $6.09M, up from 25,228 at the end of the previous reported quarter. Engineers Gate Manager Lp who had been investing in Avery Dennison Corp for a number of months, seems to be bullish on the $8.01B market cap company. The stock increased 0.52% or $0.48 during the last trading session, reaching $92.42. About 495,734 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 11.10% since November 14, 2017 and is uptrending. It has underperformed by 4.52% the S&P500.

Engineers Gate Manager Lp, which manages about $645.79 million and $1.28 billion US Long portfolio, decreased its stake in Gamestop Corp New (NYSE:GME) by 230,039 shares to 13,500 shares, valued at $197,000 in 2018Q2, according to the filing. It also reduced its holding in Fluor Corp New (NYSE:FLR) by 72,747 shares in the quarter, leaving it with 16,289 shares, and cut its stake in Hewlett Packard Enterprise C.

Avery Dennison Corporation (NYSE:AVY) Ratings Coverage

Among 5 analysts covering Avery Dennison (NYSE:AVY), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Avery Dennison had 9 analyst reports since June 27, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, June 27 report. As per Thursday, October 11, the company rating was maintained by Citigroup. Barclays Capital maintained it with “Overweight” rating and $135 target in Monday, July 30 report. Citigroup maintained the stock with “Buy” rating in Wednesday, July 25 report. On Wednesday, October 24 the stock rating was upgraded by JP Morgan to “Overweight”. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 29 report. The stock has “Market Perform” rating by BMO Capital Markets on Thursday, October 25. Bank of America maintained it with “Buy” rating and $126 target in Wednesday, July 25 report. Citigroup maintained Avery Dennison Corporation (NYSE:AVY) rating on Wednesday, October 24. Citigroup has “Buy” rating and $122 target.

Avery Dennison Corporation (NYSE:AVY) Institutional Positions Chart

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