Flinton Capital Management LLC Grows Stake in Bemis Company, Inc. (BMS)
Flinton Capital Management LLC lifted its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 225.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,168 shares of the industrial products company’s stock after purchasing an additional 62,458 shares during the period. Flinton Capital Management LLC owned 0.10% of Bemis worth $4,170,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. NEXT Financial Group Inc grew its stake in Bemis by 31.3% in the 2nd quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock valued at $136,000 after buying an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bemis by 6.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,576 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 201 shares in the last quarter. Ffcm LLC grew its position in shares of Bemis by 6.4% during the 2nd quarter. Ffcm LLC now owns 3,962 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 238 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Bemis during the 2nd quarter valued at $194,000. Finally, Stonebridge Capital Advisors LLC grew its position in shares of Bemis by 2.3% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.
Shares of Bemis Company, Inc. (NYSE:BMS) traded up 0.04% during trading on Friday, hitting $46.55. 433,432 shares of the company traded hands. The company has a 50 day moving average price of $45.76 and a 200 day moving average price of $45.51. Bemis Company, Inc. has a 52 week low of $40.60 and a 52 week high of $51.98. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 21.00 and a beta of 0.90.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. On average, analysts expect that Bemis Company, Inc. will post $2.37 earnings per share for the current year.
A number of research analysts have recently commented on the stock. SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 price target (down from $49.00) on shares of Bemis in a research report on Thursday, September 14th. KeyCorp reaffirmed a “hold” rating on shares of Bemis in a report on Friday. BidaskClub downgraded shares of Bemis from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $45.00 price objective (up from $40.00) on shares of Bemis in a report on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “sell” rating on shares of Bemis in a report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.80.
Bemis Company Profile
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.
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