Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Buys 70,000 Shares of Rockwell Collins, Inc. (COL)
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 111.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,800 shares of the aerospace company’s stock after acquiring an additional 70,000 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.08% of Rockwell Collins worth $18,010,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pentwater Capital Management LP acquired a new stake in shares of Rockwell Collins in the 3rd quarter worth $420,886,000. Farallon Capital Management LLC acquired a new stake in shares of Rockwell Collins in the 4th quarter worth $342,853,000. Capital International Investors boosted its position in shares of Rockwell Collins by 1,335.8% in the 3rd quarter. Capital International Investors now owns 2,110,600 shares of the aerospace company’s stock worth $275,877,000 after purchasing an additional 1,963,600 shares in the last quarter. Alpine Associates Management Inc. boosted its position in shares of Rockwell Collins by 1,004.1% in the 3rd quarter. Alpine Associates Management Inc. now owns 1,663,500 shares of the aerospace company’s stock worth $217,436,000 after purchasing an additional 1,847,500 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Rockwell Collins by 284.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 924,749 shares of the aerospace company’s stock worth $120,322,000 after purchasing an additional 684,011 shares in the last quarter. 67.68% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on COL. Zacks Investment Research cut Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Cowen reissued a “hold” rating and issued a $135.00 price objective on shares of Rockwell Collins in a research report on Friday, January 26th. Royal Bank of Canada set a $151.00 price objective on Rockwell Collins and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Canaccord Genuity lowered their price objective on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research report on Tuesday, January 30th. Finally, Wells Fargo cut Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $133.95.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s revenue was up 68.6% compared to the same quarter last year. equities analysts forecast that Rockwell Collins, Inc. will post 7.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 12th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a yield of 0.97%. Rockwell Collins’s dividend payout ratio is currently 24.58%.
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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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