Rockwell Collins, Inc. (COL) Shares Bought by Simmons Bank
Simmons Bank raised its stake in shares of Rockwell Collins, Inc. (NYSE:COL) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,593 shares of the aerospace company’s stock after acquiring an additional 43 shares during the quarter. Simmons Bank’s holdings in Rockwell Collins were worth $799,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. NEXT Financial Group Inc boosted its stake in Rockwell Collins by 35.7% during the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after acquiring an additional 250 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in Rockwell Collins by 30.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 231 shares during the last quarter. Global X Management Co. LLC boosted its stake in Rockwell Collins by 31.1% during the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after acquiring an additional 278 shares during the last quarter. Harfst & Associates Inc. bought a new position in Rockwell Collins during the 1st quarter valued at $114,000. Finally, Whittier Trust Co. boosted its stake in Rockwell Collins by 3.2% during the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.
Rockwell Collins, Inc. (COL) traded up 0.41% during trading on Monday, reaching $133.17. 206,209 shares of the company’s stock traded hands. The firm’s 50 day moving average is $130.03 and its 200-day moving average is $112.29. Rockwell Collins, Inc. has a 12 month low of $78.54 and a 12 month high of $135.31. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 26.43 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm’s quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. Analysts expect that Rockwell Collins, Inc. will post $6.09 EPS for the current fiscal year.
Rockwell Collins declared that its Board of Directors has initiated a stock buyback program on Friday, July 7th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Harlan Donnley Meade purchased 1,666,667 shares of Rockwell Collins stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average price of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by corporate insiders.
A number of research analysts have commented on the stock. Canaccord Genuity reiterated a “hold” rating and set a $140.00 price objective on shares of Rockwell Collins in a research note on Friday. Jefferies Group LLC restated a “hold” rating and issued a $115.00 price target on shares of Rockwell Collins in a research report on Tuesday, October 3rd. ValuEngine downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seaport Global Securities downgraded shares of Rockwell Collins from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 6th. Finally, Drexel Hamilton downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Rockwell Collins has a consensus rating of “Hold” and a consensus target price of $124.85.
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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