Rockwell Collins, Inc. (COL) Position Cut by Private Advisor Group LLC
Private Advisor Group LLC reduced its position in Rockwell Collins, Inc. (NYSE:COL) by 23.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,198 shares of the aerospace company’s stock after selling 1,559 shares during the period. Private Advisor Group LLC’s holdings in Rockwell Collins were worth $689,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. FNY Partners Fund LP acquired a new stake in Rockwell Collins in the 3rd quarter valued at about $104,000. Jacobi Capital Management LLC lifted its stake in Rockwell Collins by 30.0% in the 2nd 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 lifted its stake in Rockwell Collins by 106.0% in the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares during the last quarter. Sun Life Financial INC lifted its stake in Rockwell Collins by 16,857.1% in the 2nd quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after purchasing an additional 1,180 shares during the last quarter. Finally, Acrospire Investment Management LLC acquired a new stake in Rockwell Collins in the 2nd quarter valued at about $137,000. Institutional investors and hedge funds own 72.80% of the company’s stock.
In other Rockwell Collins news, Director Harlan Donnley Meade bought 1,666,667 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $0.06 per share, with a total value of $100,000.02. Also, CFO Patrick E. Allen sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.34, for a total transaction of $4,736,900.00. The disclosure for this sale can be found here. Insiders have sold 543,115 shares of company stock worth $73,475,644 over the last ninety days. Insiders own 1.50% of the company’s stock.
Several brokerages recently issued reports on COL. Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Monday, October 23rd. Credit Suisse Group downgraded shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Wednesday, November 8th. Royal Bank Of Canada set a $140.00 price objective on shares of Rockwell Collins and gave the stock a “hold” rating in a research report on Sunday, November 12th. Canaccord Genuity restated a “hold” rating and set a $140.00 price objective on shares of Rockwell Collins in a research report on Friday, October 6th. Finally, Jefferies Group restated a “hold” rating and set a $115.00 price objective on shares of Rockwell Collins in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Rockwell Collins presently has a consensus rating of “Hold” and an average price target of $128.85.
Rockwell Collins, Inc. (NYSE COL) opened at $134.61 on Monday. Rockwell Collins, Inc. has a fifty-two week low of $88.80 and a fifty-two week high of $136.50. The company has a market cap of $21,928.59, a P/E ratio of 22.51, a PEG ratio of 1.61 and a beta of 0.72. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the firm earned $1.58 earnings per share. The business’s revenue for the quarter was up 51.8% on a year-over-year basis. research analysts predict that Rockwell Collins, Inc. will post 7.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, November 10th. This represents a $1.32 annualized dividend and a dividend yield of 0.98%. Rockwell Collins’s dividend payout ratio is presently 27.62%.
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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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