Starboard Value LP Upped Bemis INC (BMS) Stake by $29.61 Million

May 18, 2018 - By Margarite Burden

Bemis Company, Inc. (NYSE:BMS) LogoInvestors sentiment increased to 0.89 in Q4 2017. Its up 0.14, from 0.75 in 2017Q3. It increased, as 37 investors sold BMS shares while 105 reduced holdings. 42 funds opened positions while 84 raised stakes. 64.69 million shares or 0.37% less from 64.94 million shares in 2017Q3 were reported. California State Teachers Retirement System holds 0.02% in Bemis Company, Inc. (NYSE:BMS) or 156,188 shares. Rhumbline Advisers holds 0.02% or 176,643 shares. Moreover, Robeco Institutional Asset Mngmt Bv has 0% invested in Bemis Company, Inc. (NYSE:BMS). The Ohio-based Mai Capital Mgmt has invested 0.01% in Bemis Company, Inc. (NYSE:BMS). Glenmede Trust Company Na holds 0% or 796 shares in its portfolio. Hsbc Holdings Public Ltd Company has invested 0.01% in Bemis Company, Inc. (NYSE:BMS). State Board Of Administration Of Florida Retirement owns 146,843 shares or 0.02% of their US portfolio. Badgley Phelps And Bell Incorporated reported 8,000 shares. Nomura Holdg invested in 0% or 16,408 shares. 57,544 were reported by Aperio Ltd Llc. Bnp Paribas Arbitrage Sa holds 19,658 shares. Cadence Cap Mgmt Ltd Com reported 0.03% in Bemis Company, Inc. (NYSE:BMS). The Switzerland-based Credit Suisse Ag has invested 0% in Bemis Company, Inc. (NYSE:BMS). Alliancebernstein LP invested in 333,116 shares or 0.01% of the stock. Winch Advisory Serv Limited Liability Company holds 0% of its portfolio in Bemis Company, Inc. (NYSE:BMS) for 62 shares.

Jeffrey Smith increased its stake in Bemis Inc (BMS) by 42% based on its latest 2017Q4 regulatory filing with the SEC. Starboard Value Lp bought 630,000 shares as the company’s stock declined 9.10% with the market. The hedge fund run by Jeffrey Smith held 2.13 million shares of the consumer durables company at the end of 2017Q4, valued at $101.79M, up from 1.50M at the end of the previous reported quarter. Starboard Value Lp who had been investing in Bemis Inc for a number of months, seems to be bullish on the $3.91B market cap company. The stock increased 0.82% or $0.35 during the last trading session, reaching $43. About 422,919 shares traded. Bemis Company, Inc. (NYSE:BMS) has declined 11.36% since May 18, 2017 and is downtrending. It has underperformed by 22.91% the S&P500.

Starboard Value Lp, which manages about $2.57B and $4.09B US Long portfolio, decreased its stake in Depomed Inc (NASDAQ:DEPO) by 600,000 shares to 4.70 million shares, valued at $37.80 million in 2017Q4, according to the filing. It also reduced its holding in Brinks Co (NYSE:BCO) by 431,155 shares in the quarter, leaving it with 855,205 shares, and cut its stake in Fortinet Inc (NASDAQ:FTNT).

Bemis Company, Inc. (NYSE:BMS) Ratings Coverage

Among 5 analysts covering Bemis Company Inc. (NYSE:BMS), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Bemis Company Inc. had 7 analyst reports since January 2, 2018 according to SRatingsIntel. Bank of America upgraded the shares of BMS in report on Monday, April 2 to “Buy” rating. The firm earned “Neutral” rating on Tuesday, February 6 by Credit Suisse. The firm has “Sell” rating given on Thursday, February 1 by RBC Capital Markets. The stock of Bemis Company, Inc. (NYSE:BMS) earned “Underperform” rating by Bank of America on Friday, February 2. Bank of America downgraded the stock to “Underperform” rating in Tuesday, January 2 report. The stock of Bemis Company, Inc. (NYSE:BMS) earned “Hold” rating by SunTrust on Wednesday, January 31. The company was maintained on Thursday, April 5 by Citigroup.

Bemis Company, Inc. (NYSE:BMS) Institutional Positions Chart

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