Posted at 8:00 a.m.
An institutional investor from Vancouver has just increased its stake in Héroux-Devtek to the point of increasing it to more than 10% at the start of February.
Seymour Investment Management becomes the third institutional shareholder to hold more than 10% of the outstanding shares of the Longueuil landing gear manufacturer. The other two are the Caisse de depot et placement du Québec (13.4%) and the Fonds de solidarité FTQ (10.3%).
The purchase of a block of 17,550 shares on January 14 is the transaction that increased the stake to more than 10%, which forced Seymour’s disclosure to the authorities.
The National Bank drew a new buy recommendation this week. Analyst Mike Rizvanovic of Stifel GMP launched official coverage of the Canadian banking sector on Thursday by suggesting buying the stock of three of the country’s six major banks (National, Scotia and BMO). They are now four analysts out of twelve to propose the purchase of the title of the National.
National Bank Financial no longer recommends buying the stock of Couche-Tard since Monday. Analyst Vishal Shreedhar justifies his decision by the “limited” return potential compared to his target price. If he nevertheless considers that the long-term growth prospects of Couche-Tard remain interesting, the “strong” appreciation of the title makes “fair”, in his opinion, the current evaluation.
The TD lined up behind CAE this week. Analyst Tim James now recommends buying the title of the Montreal manufacturer of flight simulators. In a note published earlier this week in reaction to the quarterly results released by CAE, he shows his confidence in future growth and underlines in passing that the acquisition of L3Harris further diversifies the activities.
Bomber is due to update its long-term objectives (2023-2025) on Thursday at the annual investor day organized by senior management. A series of virtual presentations are planned for the morning.
Goldman Sachs this week launched official coverage of probe without recommending buying the stock of the techno-real estate company founded in Montreal. Analyst Stephen Grambling believes that the business model is rather unique in the industry and more difficult to assess, which deserves a discount compared to other titles in the accommodation sector which, unlike Sonder, notably hold real estate assets.
A senior leader of Saputo bought a quarter of a million dollars’ worth of shares in the Montreal dairy processor this week. Carl Colizza, president and chief operating officer for North America, bought a block of 8,300 shares on Tuesday at a price of $30.33 per share.
The Quebec titles ofUni-Select and of Goodfellow hit a 52-week high this week in Toronto. At the opposite, Guru, Marlet good food, Tecsys, Xebec and Neptune all hit 52-week lows.
The Toronto Stock Exchange will remain closed on Monday on Family Day, a public holiday in several provinces across the country, but not in Quebec. The New York Stock Exchange and NASDAQ will also remain closed Monday for Presidents Day.