Capital Investment Services Of America buys $8,015,288 stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Capital Investment Services Of America scooped up 200 additional shares in A. O. Smith Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 160,402 shares of A. O. Smith Corp which is valued at $8,015,288.A. O. Smith Corp makes up approximately 1.54% of Capital Investment Services Of America’s portfolio.

Other Hedge Funds, Including , Telemus Capital reduced its stake in AOS by selling 8,867 shares or 21.07% in the most recent quarter. The Hedge Fund company now holds 33,209 shares of AOS which is valued at $3,378,352. A. O. Smith Corp makes up approx 0.38% of Telemus Capital’s portfolio. Independent Portfolio Consultants sold out all of its stake in AOS during the most recent quarter. The investment firm sold 860 shares of AOS which is valued $87,488.Bnp Paribas Arbitrage Sa reduced its stake in AOS by selling 23,784 shares or 51.07% in the most recent quarter. The Hedge Fund company now holds 22,790 shares of AOS which is valued at $2,318,427. A. O. Smith Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added AOS to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $1,119.

A. O. Smith Corp closed down -1.44 points or -2.80% at $49.97 with 13,26,949 shares getting traded on Friday. Post opening the session at $51.09, the shares hit an intraday low of $49.69 and an intraday high of $51.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, A. O. Smith Corp reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.91. The company had revenue of $667.00 million for the quarter, compared to analysts expectations of $694.03 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

A. O. Smith Corporation operates its business through two segments which include North America and Rest of World. Both segments manufacture and market a range of residential gas gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment condensing and non-condensing boilers and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products including water heaters boilers and others. The Rest of World segment manufactures and markets water treatment products primarily in Asia. The Rest of World segment includes China Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering including electric gas gas tankless heat pump and solar units as well as combi boilers.

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