Newell Rubbermaid Inc. (NWL) & Jarden Corp (JAH) Shares Up Big on Acquisition News


Jarden Corp (NYSE:JAH) shars are up 2.74% or $1.48 following the news, hitting $55.57 per share. About 14.28 million shares traded hands or up 249.14% from the average. JAH has risen 3.58% since May 12, 2015 and is currently uptrending. It has outperformed the S&P500 by 7.26%.

From a total of 8 analysts covering Jarden (NYSE:JAH) stock, 7 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 88% of the ratings are positive. The highest target price is $66 while the lowest target price is $54. The mean of all analyst targets is $59.86 which is 7.72% above today’s ($55.57) stock price. Jarden was the topic of 8 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. DA Davidson downgraded shares on December 15 to a “Neutral” rating. RBC Capital Markets upgraded JAH stock in a recent report from November 3 to a “Top Pick” rating.

The institutional sentiment increased to 1.74 in Q2 2015. It’s up 0.68, from 1.06 in 2015Q2. The ratio improved, as 35 funds sold all their Jarden Corp shares they owned while 105 reduced their positions. 56 funds bought stakes while 188 increased their total positions. Institutions now own 193.57 million shares which is 10.39% more than the previous share count of 175.36 million in 2015Q2.

Consulta Ltd holds 5.81% of its total portfolio in Jarden Corp, equating to 1.13 million shares. New South Capital Management Inc owns 4.14 million shares representing 5.1% of their total US portfolio. Moreover, Spitfire Capital Llc has 4.66% of their total portfolio invested in the company, equating to 221,849 shares. The New York-based Incline Global Management Llc has a total of 4.54% of their portfolio invested in the stock. Lathrop Investment Management Corp, a Arkansas-based fund reported 258,804 shares owned.

Since April 29, 2015, the stock had 0 insider buys, and 3 insider sales for a total of $16.44 million in net activity. Franklin Martin E sold 200,000 shares worth $10.96 million. Lillie James E sold 33,333 shares worth $1.83M. Ashken Ian G H sold 66,666 shares worth $3.65 million. Heckmann Richard J sold 4,250 shares worth $230,350. The insider Lefevre Alan W sold 13,000 shares worth $704,210.

Jarden Corporation is a global consumer products company. The company has a market cap of $12.03 billion. The Firm operates in three primary business divisions: Branded Consumables, Consumer Solutions and Outdoor Solutions. It has 49.33 P/E ratio. The Branded Consumables segment makes or sources, markets and distributes branded consumer products.