Axa decreased its stake in Hexcel Co. (NYSE:HXL) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899,000 shares of the aerospace company’s stock after selling 12,497 shares during the period. Axa owned 1.00% of Hexcel worth $51,621,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hahn Capital Management LLC grew its holdings in Hexcel by 1.0% during the third quarter. Hahn Capital Management LLC now owns 810,227 shares of the aerospace company’s stock worth $46,523,000 after purchasing an additional 7,677 shares during the period. Fieldpoint Private Securities LLC bought a new position in Hexcel during the third quarter worth about $142,000. California Public Employees Retirement System grew its holdings in Hexcel by 9.1% during the third quarter. California Public Employees Retirement System now owns 207,243 shares of the aerospace company’s stock worth $11,900,000 after purchasing an additional 17,343 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Hexcel by 390.3% during the third quarter. Cubist Systematic Strategies LLC now owns 13,866 shares of the aerospace company’s stock worth $796,000 after purchasing an additional 11,038 shares during the period. Finally, Crestline Management LP bought a new position in Hexcel during the third quarter worth about $2,871,000. Institutional investors own 96.67% of the company’s stock.

Shares of Hexcel Co. (NYSE HXL) opened at $61.92 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5,482.95, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 3.05 and a beta of 1.10. Hexcel Co. has a 1 year low of $49.20 and a 1 year high of $63.93.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The firm had revenue of $491.50 million during the quarter, compared to the consensus estimate of $507.77 million. Hexcel had a net margin of 13.13% and a return on equity of 18.40%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. sell-side analysts anticipate that Hexcel Co. will post 2.68 EPS for the current fiscal year.

In other news, insider Thierry Merlot sold 3,748 shares of Hexcel stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $61.19, for a total value of $229,340.12. Following the completion of the sale, the insider now directly owns 13,691 shares in the company, valued at $837,752.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kimberly A. Hendricks sold 2,608 shares of Hexcel stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $63.35, for a total transaction of $165,216.80. Following the completion of the sale, the senior vice president now owns 22,221 shares of the company’s stock, valued at $1,407,700.35. The disclosure for this sale can be found here. Insiders have sold 33,797 shares of company stock valued at $2,070,333 over the last 90 days. Company insiders own 2.10% of the company’s stock.

A number of equities analysts recently commented on HXL shares. KeyCorp reiterated a “buy” rating and set a $60.00 price target on shares of Hexcel in a report on Friday, September 1st. Stephens started coverage on Hexcel in a report on Wednesday, December 6th. They set an “overweight” rating and a $74.00 price target for the company. Jefferies Group reiterated a “hold” rating and set a $50.00 price target on shares of Hexcel in a report on Friday, September 29th. Canaccord Genuity reiterated a “hold” rating and set a $54.00 price target on shares of Hexcel in a report on Friday, September 29th. Finally, Zacks Investment Research upgraded Hexcel from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Hexcel presently has an average rating of “Hold” and an average price target of $62.20.

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Hexcel Company Profile

Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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