Avery Dennison Corporation (NYSE:AVY) Just Reported Decreased Shorts

May 17, 2018 - By Gloria Calhoun

Avery Dennison Corporation (NYSE:AVY) Logo

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.13, from 0.92 in 2017Q3. It is positive, as 25 investors sold Avery Dennison Corporation shares while 180 reduced holdings. 79 funds opened positions while 137 raised stakes. 69.57 million shares or 0.73% less from 70.08 million shares in 2017Q3 were reported.
Amp Cap Investors has invested 0.03% in Avery Dennison Corporation (NYSE:AVY). Carroll Fincl Associate has 265 shares. First Allied Advisory Inc invested in 2,361 shares. Gradient Invs Ltd Liability Corporation has invested 0% in Avery Dennison Corporation (NYSE:AVY). Lombard Odier Asset Management (Switzerland) Sa owns 21,207 shares. Birch Hill Advisors Ltd Liability has invested 0.04% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Cubist Systematic Strategies Lc reported 8,022 shares. Atlantic Grp Inc Lc accumulated 0.17% or 355,404 shares. 3,523 were reported by Liberty Mutual Grp Incorporated Asset Management. 67,322 are held by Walthausen & Com Ltd Com. Metropolitan Life Insur holds 0.03% or 17,254 shares in its portfolio. Blackrock has 6.76 million shares for 0.04% of their portfolio. Virtu Limited Co holds 0.02% of its portfolio in Avery Dennison Corporation (NYSE:AVY) for 4,069 shares. Spectrum Inc owns 4,400 shares or 0.17% of their US portfolio. Grantham Mayo Van Otterloo Co Limited Liability Com, Massachusetts-based fund reported 117,147 shares.

Since December 12, 2017, it had 0 insider buys, and 10 insider sales for $16.36 million activity. Another trade for 21,134 shares valued at $2.50M was made by Hill Anne on Thursday, February 22. Shares for $3.16 million were sold by SCARBOROUGH DEAN A. Butier Mitchell R also sold $889,275 worth of Avery Dennison Corporation (NYSE:AVY) shares. 2,770 Avery Dennison Corporation (NYSE:AVY) shares with value of $325,466 were sold by Anderson Anthony. Another trade for 2,000 shares valued at $229,510 was made by BARKER PETER K on Tuesday, December 12.

The stock of Avery Dennison Corporation (NYSE:AVY) registered a decrease of 21.82% in short interest. AVY’s total short interest was 1.31 million shares in May as published by FINRA. Its down 21.82% from 1.67M shares, reported previously. With 801,500 shares average volume, it will take short sellers 2 days to cover their AVY’s short positions. The short interest to Avery Dennison Corporation’s float is 1.49%.

The stock decreased 0.01% or $0.015 during the last trading session, reaching $107.875. About 30,604 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 31.20% since May 17, 2017 and is uptrending. It has outperformed by 19.65% the S&P500.

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company has market cap of $9.50 billion. The companyÂ’s Label and Graphic Materials segment offers pressure-sensitive labeling materials; packaging materials and solutions; roll-fed sleeves; engineered films; graphic imaging media; and reflective materials under the Fasson, JAC, and Avery Dennison brands. It has a 34.46 P/E ratio. It serves label converters, package designers, packaging engineers and manufacturers, industrial and sign manufacturers, printers, distributors, designers, advertising and government agencies, and graphics vendors.

Avery Dennison Corporation (NYSE:AVY) Ratings Coverage

Among 9 analysts covering Avery Dennison Corp (NYSE:AVY), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Avery Dennison Corp had 18 analyst reports since December 15, 2017 according to SRatingsIntel. The firm has “Sell” rating given on Thursday, February 1 by J.P. Morgan. J.P. Morgan upgraded the shares of AVY in report on Thursday, April 26 to “Hold” rating. The firm has “Hold” rating given on Tuesday, March 27 by BMO Capital Markets. The stock has “Underweight” rating by JP Morgan on Friday, March 16. The firm has “Hold” rating given on Friday, February 2 by KeyBanc Capital Markets. The firm earned “Buy” rating on Thursday, April 5 by Citigroup. The firm has “Neutral” rating given on Thursday, April 26 by JP Morgan. The company was maintained on Thursday, February 1 by Robert W. Baird. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, April 25. The firm earned “Hold” rating on Monday, February 12 by J.P. Morgan.

Another recent and important Avery Dennison Corporation (NYSE:AVY) news was published by Seekingalpha.com which published an article titled: “More on Avery Dennison’s Q1 results” on April 25, 2018.

Avery Dennison Corporation (NYSE:AVY) Institutional Positions Chart

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