GSA Capital Partners LLP Decreases Position in Rockwell Collins, Inc. (COL)
GSA Capital Partners LLP lowered its stake in Rockwell Collins, Inc. (NYSE:COL) by 23.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,822 shares of the aerospace company’s stock after selling 1,485 shares during the period. GSA Capital Partners LLP’s holdings in Rockwell Collins were worth $630,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Rockwell Collins by 27.0% during the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock worth $1,683,340,000 after purchasing an additional 3,410,680 shares in the last quarter. BlackRock Inc. grew its position in shares of Rockwell Collins by 27.9% during the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after purchasing an additional 2,466,370 shares in the last quarter. State Street Corp grew its position in shares of Rockwell Collins by 21.9% during the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after purchasing an additional 1,281,647 shares in the last quarter. FMR LLC grew its position in shares of Rockwell Collins by 25.4% during the 2nd quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock worth $445,354,000 after purchasing an additional 857,884 shares in the last quarter. Finally, Pentwater Capital Management LP acquired a new position in shares of Rockwell Collins during the 3rd quarter worth approximately $420,886,000. Institutional investors and hedge funds own 72.18% of the company’s stock.
A number of brokerages have issued reports on COL. Zacks Investment Research upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. SunTrust Banks restated a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Canaccord Genuity restated a “hold” rating and set a $140.00 target price on shares of Rockwell Collins in a research report on Friday, October 6th. Finally, Royal Bank of Canada restated a “hold” rating and set a $140.00 target price on shares of Rockwell Collins in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $128.85.
Shares of Rockwell Collins, Inc. (NYSE COL) opened at $135.62 on Monday. Rockwell Collins, Inc. has a twelve month low of $88.80 and a twelve month high of $136.50. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10. The firm has a market cap of $22,213.70, a P/E ratio of 28.37, a PEG ratio of 1.63 and a beta of 0.72.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.80. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm’s revenue was up 51.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 EPS. research analysts forecast that Rockwell Collins, Inc. will post 7.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, November 10th. Rockwell Collins’s payout ratio is 27.62%.
In related news, VP Robert A. Sturgell sold 1,734 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $132.10, for a total value of $229,061.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $135.35, for a total transaction of $53,478,138.50. The disclosure for this sale can be found here. In the last three months, insiders sold 571,812 shares of company stock valued at $77,350,247. 1.10% of the stock is owned by insiders.
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Rockwell Collins 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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