Pentwater Capital Management LP purchased a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,220,000 shares of the aerospace company’s stock, valued at approximately $420,886,000. Rockwell Collins accounts for approximately 3.6% of Pentwater Capital Management LP’s holdings, making the stock its 4th largest holding. Pentwater Capital Management LP owned about 1.98% of Rockwell Collins at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. FNY Partners Fund LP purchased a new position in Rockwell Collins during the 3rd quarter valued at about $104,000. Jacobi Capital Management LLC lifted its position 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 period. Highlander Capital Management LLC lifted its position in Rockwell Collins by 106.0% during the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 527 shares during the period. Sun Life Financial INC lifted its position in Rockwell Collins by 16,857.1% during the 2nd quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after acquiring an additional 1,180 shares during the period. Finally, Acrospire Investment Management LLC purchased a new position in Rockwell Collins during the 2nd quarter valued at about $137,000. 72.80% of the stock is owned by institutional investors and hedge funds.
Rockwell Collins, Inc. (COL) opened at $134.61 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 1.10. The stock has a market cap of $21,928.59, a P/E ratio of 22.51, a P/E/G ratio of 1.61 and a beta of 0.72. Rockwell Collins, Inc. has a 1-year low of $88.80 and a 1-year high of $136.50.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.80. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate 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 was up 51.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. analysts expect that Rockwell Collins, Inc. will post 7.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, November 10th. Rockwell Collins’s payout ratio is 27.62%.
In other Rockwell Collins news, VP Tatum J. Buse sold 19,170 shares of Rockwell Collins stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the transaction, the vice president now 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, CEO Robert Kelly Ortberg sold 395,110 shares of Rockwell Collins stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $135.35, for a total transaction of $53,478,138.50. The disclosure for this sale can be found here. In the last three months, insiders sold 543,115 shares of company stock worth $73,475,644. 1.50% of the stock is currently owned by insiders.
A number of brokerages recently issued reports on COL. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research report on Monday, October 23rd. Credit Suisse Group cut shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research report on Wednesday, November 8th. Royal Bank Of Canada set a $140.00 price objective on shares of Rockwell Collins and gave the company a “hold” rating in a research note on Sunday, November 12th. Canaccord Genuity restated a “hold” rating and set a $140.00 price objective on shares of Rockwell Collins in a research note on Friday, October 6th. Finally, Jefferies Group restated a “hold” rating and set a $115.00 price objective on shares of Rockwell Collins in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $128.85.
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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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