Westside Investment Management Inc. held its position in Rockwell Collins, Inc. (NYSE:COL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the aerospace company’s stock at the end of the 2nd quarter. Westside Investment Management Inc.’s holdings in Rockwell Collins were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COL. BlackRock Inc. raised its holdings in shares of Rockwell Collins by 3,360.5% during the first quarter. BlackRock Inc. now owns 8,849,135 shares of the aerospace company’s stock valued at $859,783,000 after acquiring an additional 8,593,416 shares during the period. Vanguard Group Inc. raised its holdings in shares of Rockwell Collins by 27.0% during the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after acquiring an additional 3,410,680 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Rockwell Collins by 186.0% during the second quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the aerospace company’s stock valued at $213,122,000 after acquiring an additional 1,319,020 shares during the period. Franklin Resources Inc. raised its holdings in shares of Rockwell Collins by 76.0% during the second quarter. Franklin Resources Inc. now owns 2,999,186 shares of the aerospace company’s stock valued at $315,130,000 after acquiring an additional 1,295,052 shares during the period. Finally, State Street Corp raised its holdings in shares of Rockwell Collins by 21.9% during the second quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after acquiring an additional 1,281,647 shares during the period. Institutional investors and hedge funds own 72.31% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. 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. SunTrust Banks, Inc. restated a “hold” rating on shares of Rockwell Collins in a report on Monday, October 2nd. BidaskClub upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research lowered shares of Rockwell Collins from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Rockwell Collins has a consensus rating of “Hold” and a consensus price target of $124.85.

In other Rockwell Collins news, Director Harlan Donnley Meade acquired 1,666,667 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by company insiders.

Rockwell Collins, Inc. (COL) traded down 0.21% during mid-day trading on Friday, reaching $132.62. 1,042,761 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $130.03 and a 200-day moving average price of $112.29. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $135.31. The stock has a market cap of $21.55 billion, a P/E ratio of 26.32 and a beta of 0.73.

Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the company earned $1.63 earnings per share. The firm’s revenue was up 57.0% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Collins, Inc. will post $6.09 EPS for the current fiscal year.

Rockwell Collins declared that its board has authorized a stock repurchase plan on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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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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Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

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