UBS Asset Management Americas Inc. Buys 3,824 Shares of IHS Inc. (IHS)
UBS Asset Management Americas Inc. increased its stake in shares of IHS Inc. (NYSE:IHS) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,010 shares of the company’s stock after buying an additional 3,824 shares during the period. UBS Asset Management Americas Inc.’s holdings in IHS were worth $17,921,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of IHS. Integrated Investment Consultants LLC raised its position in shares of IHS by 19.9% in the second quarter. Integrated Investment Consultants LLC now owns 981 shares of the company’s stock worth $113,000 after buying an additional 163 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of IHS during the first quarter worth about $116,000. LS Investment Advisors LLC raised its position in shares of IHS by 8.5% in the second quarter. LS Investment Advisors LLC now owns 2,072 shares of the company’s stock worth $240,000 after buying an additional 162 shares during the period. Parametrica Management Ltd raised its position in shares of IHS by 4.2% in the first quarter. Parametrica Management Ltd now owns 2,012 shares of the company’s stock worth $250,000 after buying an additional 81 shares during the period. Finally, Glenmede Trust Co. NA raised its position in shares of IHS by 2.0% in the first quarter. Glenmede Trust Co. NA now owns 2,047 shares of the company’s stock worth $253,000 after buying an additional 41 shares during the period.
IHS Inc. (NYSE:IHS) remained flat at $117.25 during mid-day trading on Tuesday. IHS Inc. has a 12 month low of $92.59 and a 12 month high of $129.75. The firm has a 50-day moving average price of $117.02 and a 200 day moving average price of $113.73.
IHS (NYSE:IHS) last posted its earnings results on Tuesday, June 28th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.12. The firm earned $588 million during the quarter. During the same period in the prior year, the business earned $1.50 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts expect that IHS Inc. will post $6.25 EPS for the current fiscal year.
IHS has been the subject of a number of recent analyst reports. Zacks Investment Research raised IHS from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Wednesday, July 6th. Cantor Fitzgerald reissued a “hold” rating on shares of IHS in a report on Thursday, June 23rd. Argus reissued a “hold” rating on shares of IHS in a report on Wednesday, June 29th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $122.00 price objective (down from $132.00) on shares of IHS in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. IHS presently has an average rating of “Hold” and a consensus target price of $124.31.
In other news, Vice Chairman Daniel Yergin sold 12,445 shares of IHS stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $114.79, for a total value of $1,428,561.55. Following the completion of the transaction, the insider now owns 94,229 shares in the company, valued at $10,816,546.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings.
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