Circor International Inc. (CIR) Position Decreased by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. cut its stake in shares of Circor International Inc. (NYSE:CIR) by 45.5% during the second quarter, Holdings Channel reports. The fund owned 23,579 shares of the company’s stock after selling 19,656 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.14% of Circor International worth $1,344,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors L.L.C. raised its position in shares of Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock valued at $770,000 after buying an additional 2,100 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock valued at $5,878,000 after buying an additional 27,019 shares during the period. Gamco Investors INC. ET AL increased its stake in Circor International by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 1,556,241 shares of the company’s stock valued at $88,690,000 after buying an additional 10,700 shares during the period. EAM Investors LLC purchased a new stake in Circor International during the second quarter valued at $3,387,000. Finally, California Public Employees Retirement System increased its stake in Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock valued at $1,100,000 after buying an additional 400 shares during the period.
Shares of Circor International Inc. (NYSE:CIR) traded up 4.9398% on Friday, reaching $51.7983. The company’s stock had a trading volume of 189,343 shares. The firm has a market cap of $850.68 million, a price-to-earnings ratio of 127.8970 and a beta of 1.39. The stock has a 50 day moving average of $56.69 and a 200-day moving average of $55.74. Circor International Inc. has a 12 month low of $32.79 and a 12 month high of $62.87.
Circor International (NYSE:CIR) last released its quarterly earnings results on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $146.40 million for the quarter, compared to analysts’ expectations of $144.01 million. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The business’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. On average, analysts anticipate that Circor International Inc. will post $2.19 EPS for the current year.
CIR has been the topic of several recent research reports. Zacks Investment Research raised Circor International from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Tuesday, June 28th. Stifel Nicolaus cut their price objective on Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Monday, August 1st. KeyCorp initiated coverage on Circor International in a report on Tuesday, September 20th. They set a “sector weight” rating on the stock. Finally, SunTrust Banks Inc. raised Circor International from a “reduce” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Circor International currently has an average rating of “Hold” and an average target price of $49.50.
In other news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the transaction, the director now owns 14,556 shares of the company’s stock, valued at $890,390.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.
Circor International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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