P Schoenfeld Asset Management LP Buys New Stake in Rockwell Collins, Inc. (COL)
P Schoenfeld Asset Management LP bought a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 405,000 shares of the aerospace company’s stock, valued at approximately $52,938,000. Rockwell Collins accounts for approximately 3.3% of P Schoenfeld Asset Management LP’s portfolio, making the stock its 7th biggest holding. P Schoenfeld Asset Management LP owned about 0.25% of Rockwell Collins as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its position in Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 231 shares during the last quarter. Highlander Capital Management LLC increased its stake in shares of Rockwell Collins by 106.0% in the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after buying an additional 527 shares during the period. Whittier Trust Co. increased its stake in shares of Rockwell Collins by 3.2% in the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after buying an additional 35 shares during the period. Sun Life Financial INC increased its stake in shares of Rockwell Collins by 16,857.1% in the second quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after buying an additional 1,180 shares during the period. Finally, Acrospire Investment Management LLC acquired a new stake in shares of Rockwell Collins in the second quarter valued at about $137,000. Hedge funds and other institutional investors own 75.56% of the company’s stock.
In related news, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the completion of the transaction, the vice president now directly owns 3,722 shares in the company, valued at $503,809.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Harlan Donnley Meade bought 1,666,667 shares of Rockwell Collins stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average price of $0.06 per share, with a total value of $100,000.02. Over the last 90 days, insiders have sold 533,747 shares of company stock valued at $72,229,429. 1.50% of the stock is owned by company insiders.
Rockwell Collins, Inc. (COL) traded down $0.34 during trading hours on Monday, reaching $132.27. The company’s stock had a trading volume of 991,500 shares, compared to its average volume of 1,817,040. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. Rockwell Collins, Inc. has a twelve month low of $87.48 and a twelve month high of $136.50. The stock has a market capitalization of $21,550.00, a P/E ratio of 22.12, a P/E/G ratio of 1.58 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.80. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The firm’s quarterly revenue was up 51.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, November 10th. Rockwell Collins’s payout ratio is 27.62%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research note on Monday, October 23rd. Credit Suisse Group cut Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Wednesday, November 8th. Royal Bank Of Canada set a $140.00 price target on Rockwell Collins and gave the company a “hold” rating in a research note on Sunday, November 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $140.00 target price on shares of Rockwell Collins in a research note on Friday, October 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $115.00 target price on shares of Rockwell Collins in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Rockwell Collins has a consensus rating of “Hold” and an average target price of $128.85.
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Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.
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