Pensionfund Sabic adds Avery Dennison Corp (AVY) to its portfolio

Avery Dennison Corp (AVY) : Pensionfund Sabic added new position in Avery Dennison Corp during the most recent quarter end. The investment management firm now holds 20,000 shares of Avery Dennison Corp which is valued at $1.4 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Avery Dennison Corp makes up approximately 0.44% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added AVY to its portfolio by purchasing 45,000 company shares during the most recent quarter which is valued at $3.2 Million. Avery Dennison Corp makes up approx 0.44% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Avery Dennison Corp reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.78. The company had revenue of $1454.80 million for the quarter, compared to analysts expectations of $1454.83 million. The company’s revenue was down -9.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.90 EPS.

Avery Dennison Corp closed down -0.36 points or -0.50% at $71.36 with 7,57,150 shares getting traded on Monday. Post opening the session at $71.83, the shares hit an intraday low of $71.26 and an intraday high of $72.28 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a variety of tickets tags labels and other converted products. The Company’s pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing printing stamping and die-cutting. It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. The Company also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components such as fasteners tickets tags radio-frequency identification (RFID) inlays and tags and imprinting equipment and related services which it markets to retailers and apparel manufacturers and brand owners. The Company’s operational segments include Pressure-sensitive Materials (PSM) Retail Branding and Information Solutions (RBIS) and Vancive Medical Technologies (Vancive).

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