Rockwell Collins (COL) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research cut shares of Rockwell Collins (NYSE:COL) from a buy rating to a hold rating in a report released on Monday morning.
According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising commercial and government customers, cushions it from risks of reduced orders from either customer group. Moreover, United Technologies has recently agreed to take over Rockwell Collins, which comes as good news for the latter’s shareholders, who are set to enjoy more than 7% premium in terms of share price. The company outperformed its broader industry in past one year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations. Moreover, it operates in a highly competitive market. Rockwell Collins does not have a stable alternative supplier for certain goods or services”
COL has been the topic of a number of other reports. Royal Bank of Canada set a $140.00 price objective on shares of Rockwell Collins and gave the company a hold rating in a research note on Sunday, November 12th. Credit Suisse Group downgraded shares of Rockwell Collins from an outperform rating to a neutral rating and set a $140.00 price objective on the stock. in a research note on Wednesday, November 8th. Canaccord Genuity reiterated a hold rating and set a $140.00 price objective on shares of Rockwell Collins in a research note on Friday, October 6th. Jefferies Group reissued a hold rating and set a $115.00 target price on shares of Rockwell Collins in a research report on Tuesday, October 3rd. Finally, ValuEngine cut shares of Rockwell Collins from a buy rating to a hold rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Rockwell Collins currently has an average rating of Hold and an average price target of $129.01.
Rockwell Collins (COL) traded up $0.55 during midday trading on Monday, hitting $137.40. 999,500 shares of the stock were exchanged, compared to its average volume of 1,225,117. 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 has a 1 year low of $88.80 and a 1 year high of $138.19. The company has a market capitalization of $22,415.17, a P/E ratio of 28.74, a PEG ratio of 1.80 and a beta of 0.72.
Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was up 51.8% on a year-over-year basis. equities research analysts expect that Rockwell Collins will post 7.17 earnings per share for the current year.
In other Rockwell Collins news, VP Tatum J. Buse sold 19,170 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.36, for a total value of $2,594,851.20. Following the completion of the transaction, the vice president now owns 3,722 shares of the company’s stock, valued at $503,809.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Patrick E. Allen sold 25,410 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $135.02, for a total transaction of $3,430,858.20. The disclosure for this sale can be found here. Insiders have sold 571,812 shares of company stock valued at $77,350,247 in the last three months. 1.10% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Simmons Bank raised its holdings in shares of Rockwell Collins by 0.6% in the second quarter. Simmons Bank now owns 7,593 shares of the aerospace company’s stock worth $799,000 after buying an additional 43 shares during the last quarter. Sentry Investment Management LLC raised its holdings in shares of Rockwell Collins by 1.1% in the second quarter. Sentry Investment Management LLC now owns 9,707 shares of the aerospace company’s stock worth $1,020,000 after buying an additional 104 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of Rockwell Collins by 6.0% in the second quarter. First Allied Advisory Services Inc. now owns 4,201 shares of the aerospace company’s stock worth $443,000 after buying an additional 236 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of Rockwell Collins by 13.8% in the third quarter. Fulton Bank N.A. now owns 3,153 shares of the aerospace company’s stock worth $413,000 after buying an additional 383 shares during the last quarter. Finally, FTB Advisors Inc. raised its holdings in shares of Rockwell Collins by 36.8% in the second quarter. FTB Advisors Inc. now owns 1,458 shares of the aerospace company’s stock worth $175,000 after buying an additional 392 shares during the last quarter. 72.22% of the stock is owned by institutional investors and hedge funds.
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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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