Zacks Research Downgrades Schneider Electric (OTCMKTS:SBGSY) to Hold

Key Points

• Zacks Research downgraded Schneider Electric from “strong buy” to “hold,” though the broader analyst consensus remains “buy,” with three strong-buy and six buy ratings.
• Schneider Electric shares rose 0.3% to $66.78, trading above both their 50-day ($65.43) and 200-day ($62.73) moving averages.
• Several institutional investors increased their positions during the second quarter, but institutional and hedge-fund ownership remains relatively low at 0.83%.

Schneider Electric (OTCMKTS:SBGSY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday, Zacks reports.

Several other equities analysts also recently weighed in on SBGSY. Berenberg Bank upgraded shares of Schneider Electric to a "strong-buy" rating in a report on Monday, June 1st. Barclays reaffirmed an "overweight" rating on shares of Schneider Electric in a report on Monday, July 6th. Morgan Stanley reiterated an "overweight" rating on shares of Schneider Electric in a research report on Monday, June 29th. Finally, Erste Group Bank upgraded Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Schneider Electric presently has a consensus rating of "Buy".

Schneider Electric Stock Up 0.3%

OTCMKTS:SBGSY opened at $66.78 on Thursday. The firm's fifty day simple moving average is $65.43 and its 200-day simple moving average is $62.73. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. Schneider Electric has a fifty-two week low of $50.61 and a fifty-two week high of $71.98.

Institutional Trading of Schneider Electric

Several large investors have recently added to or reduced their stakes in the stock. Notis McConarty Edward grew its stake in shares of Schneider Electric by 0.5% in the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company's stock valued at $5,548,000 after buying an additional 425 shares in the last quarter. Elefante Mark B grew its stake in shares of Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company's stock valued at $6,292,000 after acquiring an additional 8,800 shares in the last quarter. Azimuth Capital Investment Management LLC purchased a new stake in shares of Schneider Electric during the second quarter worth about $11,623,000. Finally, Madison Asset Management LLC increased its position in shares of Schneider Electric by 2.7% during the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company's stock worth $16,072,000 after acquiring an additional 6,591 shares during the last quarter. 0.83% of the stock is currently owned by institutional investors and hedge funds.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company's portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.

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