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Equity Actions

ADT

ADT Inc. has announced the sale of its commercial business for $1.6 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:56 am

ELV

Elevance Health announced that John Gallina will retire as Executive Vice President and CFO later this year. Mark Kaye has been named as his successor and will report directly to Gail K. Boudreaux, President and CEO.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:48 am

J

Jacobs Engineering Group Inc. has reiterated its 2023 outlook, expecting an adjusted EBITDA of $1.42B-$1.47B and an adjusted EPS of $7.25-$7.45, compared to the estimated $7.35.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:45 am

VCEL

BTIG analyst Ryan Zimmerman has upgraded Vericel (NASDAQ:VCEL) from Neutral to Buy and announced a $39 price target.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 10:44 am

EMBC

Embecta has raised its FY2023 adjusted EPS guidance from $2.50-2.60 to $2.75-2.80, and its sales guidance from $1.101B-1.113B to $1.107B-1.113B. The company also expects an increase in contract manufacturing, adjusted gross margin, adjusted operating margin, and adjusted EBITDA margin.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:38 am

DEA

Easterly Government Properties has raised the lower end of its full-year 2023 Core FFO per share guidance from $1.12 to $1.13, keeping the upper end at $1.15. The new guidance range is now $1.13 - $1.15, compared to the estimated $1.13.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:35 am

LOCO

El Pollo Loco has entered into a stock repurchase agreement to purchase 2.5 million shares of its common stock from sellers at $10.63 per share.

Portfolio Pulse from Charles Gross

August 08, 2023 | 10:21 am

FISV

Fiserv, Inc. has entered into a stock purchase agreement with ValueAct Capital Master Fund, L.P. to repurchase 4,098,935 shares at $121.9829 per share. The total purchase price is approximately $500 million. This repurchase is part of the previously announced repurchase authorization for up to 75.0 million shares approved by the company's board of directors.

Portfolio Pulse from Charles Gross

August 08, 2023 | 10:18 am

AAPL

SSNLF

Apple Inc. and Samsung Electronics Co. are planning to invest in Arm Ltd. as the semiconductor company prepares for an initial public offering (IPO) in September. The investment is expected to strengthen the companies' relationships with Arm and secure their access to its chip designs.

Portfolio Pulse from Charles Gross

August 08, 2023 | 10:06 am

CG

Carlyle (NASDAQ:CG) is set to acquire a significant minority stake in engineering services firm Quest Global. The equity for this transaction will come from funds managed by Carlyle Asia Partners. Current investors Bain Capital and Advent International will exit, and Quest Global will repurchase its company shares. Ajit Prabhu, CEO of Quest Global, will acquire an additional stake in the company.

Portfolio Pulse from Charles Gross

August 08, 2023 | 9:15 am