Rockwell Collins, Inc. (COL) Shares Bought by Pine River Capital Management L.P.
Pine River Capital Management L.P. lifted its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 51.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,893 shares of the aerospace company’s stock after purchasing an additional 4,368 shares during the period. Pine River Capital Management L.P.’s holdings in Rockwell Collins were worth $1,354,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Artemis Investment Management LLP acquired a new position in shares of Rockwell Collins during the second quarter worth $7,472,000. Rosenblum Silverman Sutton S F Inc. CA acquired a new position in shares of Rockwell Collins during the second quarter worth $4,120,000. Capital Analysts LLC acquired a new position in shares of Rockwell Collins during the second quarter worth $2,183,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Rockwell Collins by 4.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock worth $39,705,000 after purchasing an additional 15,531 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Rockwell Collins by 6.1% during the first quarter. Renaissance Technologies LLC now owns 1,057,600 shares of the aerospace company’s stock worth $102,756,000 after purchasing an additional 60,900 shares during the period. Institutional investors own 72.31% of the company’s stock.
Rockwell Collins, Inc. (COL) traded up 0.46% during midday trading on Friday, reaching $130.71. 1,933,452 shares of the company’s stock traded hands. The stock has a market cap of $21.24 billion, a P/E ratio of 25.94 and a beta of 0.75. The company’s 50-day moving average price is $126.75 and its 200-day moving average price is $109.38. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $135.31.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the company posted $1.63 EPS. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. On average, equities analysts predict that Rockwell Collins, Inc. will post $6.09 EPS for the current fiscal year.
Rockwell Collins announced that its board has approved a stock buyback program on Friday, July 7th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.32 annualized dividend and a dividend yield of 1.01%. Rockwell Collins’s dividend payout ratio is 26.04%.
A number of brokerages have recently commented on COL. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Wolfe Research lowered shares of Rockwell Collins from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 6th. BidaskClub upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and set a $115.00 price target (up previously from $108.00) on shares of Rockwell Collins in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $123.46.
In related news, Director Harlan Donnley Meade bought 1,666,667 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $0.06 per share, with a total value of $100,000.02. Company insiders own 1.50% of the company’s stock.
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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