Circor International Inc. (CIR) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System increased its position in Circor International Inc. (NYSE:CIR) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 19,300 shares of the company’s stock after buying an additional 400 shares during the period. California Public Employees Retirement System owned approximately 0.12% of Circor International worth $1,100,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. bought a new stake in Circor International during the second quarter worth $6,017,000. Bank of New York Mellon Corp boosted its stake in Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock worth $20,953,000 after buying an additional 60,403 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Circor International by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 56,405 shares of the company’s stock worth $2,617,000 after buying an additional 506 shares during the last quarter. Finally, Nisa Investment Advisors L.L.C. boosted its stake in 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 worth $770,000 after buying an additional 2,100 shares during the last quarter.
Shares of Circor International Inc. (NYSE:CIR) traded up 5.23% during trading on Friday, hitting $51.94. 986,505 shares of the stock were exchanged. The stock has a market cap of $853.01 million, a PE ratio of 128.25 and a beta of 1.39. Circor International Inc. has a one year low of $32.79 and a one year high of $62.87. The stock’s 50 day moving average price is $56.44 and its 200 day moving average price is $55.78.
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 Zacks’ consensus estimate of $0.46 by $0.07. The firm earned $146.40 million during the quarter, compared to analysts’ expectations of $144.01 million. Circor International had a return on equity of 9.45% and a net margin of 1.09%. Circor International’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. Equities research analysts predict that Circor International Inc. will post $2.19 EPS for the current year.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Circor International from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Stifel Nicolaus cut their price objective on shares of Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Monday, August 1st. KeyCorp assumed coverage on shares of Circor International in a report on Tuesday, September 20th. They set a “sector weight” rating on the stock. Finally, SunTrust Banks Inc. raised shares of Circor International from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $46.00 to $55.00 in a report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Circor International presently has an average rating of “Hold” and a consensus target price of $54.25.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $61.17, for a total value of $183,510.00. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at approximately $890,390.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by company insiders.
About Circor International
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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