Cheyne Capital Management (uk) Llp adds Newell Rubbermaid (NWL) to its portfolio

Newell Rubbermaid (NWL) : Cheyne Capital Management (uk) Llp added new position in Newell Rubbermaid during the most recent quarter end. The investment management firm now holds 402,582 shares of Newell Rubbermaid which is valued at $17,858,538 , the company said in a statement filed on Apr 18, 2016 with the SEC.Newell Rubbermaid makes up approximately 8.25% of Cheyne Capital Management (uk) Llp’s portfolio.

Newell Rubbermaid closed down -0.12 points or -0.27% at $44.36 with 32,68,495 shares getting traded on Friday. Post opening the session at $44.28, the shares hit an intraday low of $44.06 and an intraday high of $45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Gateway Investment Advisers boosted its stake in NWL in the latest quarter, The investment management firm added 1,569 additional shares and now holds a total of 830,805 shares of Newell Rubbermaid which is valued at $36,854,510. Newell Rubbermaid makes up approx 0.31% of Gateway Investment Advisers’s portfolio.Patten Patten Inctn reduced its stake in NWL by selling 195,381 shares or 62.54% in the most recent quarter. The Hedge Fund company now holds 117,041 shares of NWL which is valued at $5,188,428. Newell Rubbermaid makes up approx 0.74% of Patten Patten Inctn’s portfolio. Longfellow Investment Management Co added NWL to its portfolio by purchasing 163,780 company shares during the most recent quarter which is valued at $7,260,367. Newell Rubbermaid makes up approx 3.69% of Longfellow Investment Management Co’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in NWL by selling 1,367 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 125,853 shares of NWL which is valued at $5,579,063. Newell Rubbermaid makes up approx 0.13% of Oregon Public Employees Retirement Fund’s portfolio.Endurance Wealth Management reduced its stake in NWL by selling 65,461 shares or 99.3% in the most recent quarter. The Hedge Fund company now holds 459 shares of NWL which is valued at $20,347.

On the company’s financial health, Newell Rubbermaid reported $0.56 EPS for the quarter, based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus estimate of $0.56. The company had revenue of $1560.80 million for the quarter, compared to analysts expectations of $1559.82 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by UBS on Apr 18, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .Shares were Reiterated by Oppenheimer on Feb 12, 2016 to “Perform” and Lowered the Price Target to $ 36 from a previous price target of $40 .Gabelli & Co Initiated Newell Rubbermaid on Feb 8, 2016 to “Buy”, Price Target of the shares are set at $59.

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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