Rockwell Collins (COL) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Rockwell Collins (NYSE:COL) from a buy rating to a hold rating in a report released on Tuesday.
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. The stronger U.S. dollar has actually negatively impacted the company’s sales. As the company operates in a highly competitive market, it has to keep upgrading its technology, or else it can lose out to competitors developing better products.”
A number of other brokerages have also commented on COL. Sanford C. Bernstein lowered shares of Rockwell Collins from an outperform rating to a market perform rating and set a $137.00 price objective on the stock. in a research report on Monday, September 11th. Robert W. Baird lowered 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 report on Wednesday, September 13th. Royal Bank of Canada reissued a hold rating and issued a $140.00 price objective on shares of Rockwell Collins in a research report on Tuesday, October 10th. SunTrust Banks reaffirmed a hold rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Finally, ValuEngine lowered shares of Rockwell Collins from a buy rating to a hold rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $129.01.
Shares of Rockwell Collins (NYSE COL) traded up $0.04 during mid-day trading on Tuesday, hitting $137.83. 1,255,374 shares of the stock were exchanged, compared to its average volume of 1,160,000. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55. The company has a market capitalization of $22,580.00, a price-to-earnings ratio of 28.83, a PEG ratio of 1.82 and a beta of 0.72. Rockwell Collins has a twelve month low of $88.80 and a twelve month high of $138.14.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.80. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates 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 for the quarter was up 51.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. equities analysts predict that Rockwell Collins will post 7.15 EPS for the current year.
In other news, VP Tatum J. Buse sold 19,170 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 3,722 shares of the company’s stock, valued at $503,809.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Philip J. Jasper sold 25,100 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $135.34, for a total transaction of $3,397,034.00. The disclosure for this sale can be found here. Insiders have sold 571,812 shares of company stock worth $77,350,247 over the last ninety days. Insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of COL. Fieldpoint Private Securities LLC bought a new position in shares of Rockwell Collins in the third quarter valued at about $100,000. FNY Partners Fund LP bought a new position in shares of Rockwell Collins in the third quarter valued at about $104,000. Highlander Capital Management LLC raised its position in shares of Rockwell Collins by 106.0% in the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares during the period. Sun Life Financial INC raised its position in shares of Rockwell Collins by 16,857.1% in the second quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after purchasing an additional 1,180 shares during the period. Finally, Acrospire Investment Management LLC bought a new position in shares of Rockwell Collins in the second quarter valued at about $137,000. 72.18% of the stock is currently owned by institutional investors.
About Rockwell Collins
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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