Traders Sell Shares of Rockwell Collins Inc. (COL) on Strength (COL)
Investors sold shares of Rockwell Collins Inc. (NYSE:COL) on strength during trading on Thursday. $21.10 million flowed into the stock on the tick-up and $57.86 million flowed out of the stock on the tick-down, for a money net flow of $36.76 million out of the stock. Of all companies tracked, Rockwell Collins had the 0th highest net out-flow for the day. Rockwell Collins traded up $0.87 for the day and closed at $85.22
A number of research firms have issued reports on COL. Jefferies Group reiterated a “hold” rating and set a $92.00 target price (down from $96.00) on shares of Rockwell Collins in a report on Wednesday. Zacks Investment Research upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and reduced their target price for the stock from $100.00 to $94.00 in a report on Tuesday. Morgan Stanley began coverage on shares of Rockwell Collins in a report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Finally, Goldman Sachs Group Inc. reiterated a “sell” rating and set a $71.00 target price (down from $74.00) on shares of Rockwell Collins in a report on Friday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $92.17.
The stock has a 50-day moving average of $85.14 and a 200 day moving average of $87.47. The firm has a market cap of $10.99 billion and a P/E ratio of 15.94.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Monday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.04. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Rockwell Collins’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts anticipate that Rockwell Collins Inc. will post $5.50 earnings per share for the current fiscal year.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $87.50, for a total transaction of $376,250.00. Following the completion of the sale, the vice president now directly owns 8,088 shares in the company, valued at $707,700. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Kelly Ortberg sold 25,474 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $84.97, for a total transaction of $2,164,525.78. The disclosure for this sale can be found here.
A number of large investors have added to or reduced their stakes in the company. Advantus Capital Management Inc increased its stake in Rockwell Collins by 3.9% in the fourth quarter. Advantus Capital Management Inc now owns 12,780 shares of the company’s stock valued at $1,180,000 after buying an additional 477 shares in the last quarter. Victory Capital Management Inc. boosted its position in Rockwell Collins by 17.8% in the fourth quarter. Victory Capital Management Inc. now owns 13,555 shares of the company’s stock worth $1,251,000 after buying an additional 2,048 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Rockwell Collins by 2.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 14,665 shares of the company’s stock worth $1,354,000 after buying an additional 302 shares during the last quarter. I.G. Investment Management LTD. boosted its position in Rockwell Collins by 78.1% in the fourth quarter. I.G. Investment Management LTD. now owns 16,743 shares of the company’s stock worth $1,545,000 after buying an additional 7,343 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in Rockwell Collins by 5.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 17,468 shares of the company’s stock worth $1,612,000 after buying an additional 941 shares during the last quarter.
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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