CIRCOR International, Inc. (CIR) Stake Owned by ROYCE & ASSOCIATES LP
ROYCE & ASSOCIATES LP
disclosed that they own 10% of CIRCOR International, Inc. (NYSE:CIR) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Thursday, December 7th. The investor owns 1,649,880 shares of the stock valued at $76,917,406. The disclosure is available through the SEC website at this hyperlink.
A number of other hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in CIRCOR International in the 3rd quarter worth approximately $121,000. Quantbot Technologies LP lifted its stake in CIRCOR International by 454.0% in the 2nd quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 2,470 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in CIRCOR International in the 2nd quarter worth approximately $212,000. Municipal Employees Retirement System of Michigan lifted its stake in CIRCOR International by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 2,320 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in CIRCOR International by 9.2% in the 2nd quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock worth $409,000 after purchasing an additional 579 shares in the last quarter.
A number of research firms have weighed in on CIR. Zacks Investment Research raised shares of CIRCOR International from a “sell” rating to a “hold” rating in a research note on Friday, September 29th. KeyCorp reissued a “hold” rating on shares of CIRCOR International in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price on shares of CIRCOR International in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $61.00.
CIRCOR International, Inc. (NYSE CIR) traded down $0.56 during mid-day trading on Thursday, hitting $46.62. 118,000 shares of the stock traded hands, compared to its average volume of 96,562. The stock has a market cap of $778.49, a price-to-earnings ratio of 29.12 and a beta of 1.59. The company has a current ratio of 3.20, a quick ratio of 1.85 and a debt-to-equity ratio of 0.58. CIRCOR International, Inc. has a 1 year low of $42.25 and a 1 year high of $72.96.
CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $159.70 million for the quarter, compared to analyst estimates of $154.65 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. sell-side analysts forecast that CIRCOR International, Inc. will post 1.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, November 27th. CIRCOR International’s payout ratio is presently 16.13%.
CIRCOR International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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