Engility (NYSE:EGL) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Engility (NYSE:EGL) from a hold rating to a sell rating in a research note released on Wednesday, January 3rd.

According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “

Several other analysts also recently weighed in on the stock. Noble Financial downgraded shares of Engility from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Jefferies Group reiterated a buy rating and issued a $37.00 price target on shares of Engility in a research report on Friday, October 6th. FBR & Co reiterated a buy rating on shares of Engility in a research report on Monday, October 16th. Cowen set a $36.00 price target on shares of Engility and gave the company a hold rating in a research report on Thursday, October 19th. Finally, Vertical Research cut shares of Engility from a hold rating to a sell rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Engility presently has a consensus rating of Hold and an average target price of $35.00.

Shares of Engility (NYSE:EGL) opened at $28.97 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $1,056.88, a PE ratio of 35.33 and a beta of 2.01. Engility has a 12-month low of $25.70 and a 12-month high of $35.63.

Engility (NYSE:EGL) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.28). Engility had a net margin of 1.57% and a return on equity of 11.87%. The business had revenue of $487.10 million during the quarter, compared to analyst estimates of $496.84 million. During the same quarter last year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. equities research analysts anticipate that Engility will post 2.2 EPS for the current year.

In related news, SVP Thomas O. Miiller sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $27.97, for a total value of $83,910.00. Following the transaction, the senior vice president now owns 7,154 shares in the company, valued at $200,097.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas O. Miiller sold 4,483 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $28.59, for a total transaction of $128,168.97. Following the completion of the transaction, the senior vice president now owns 10,154 shares in the company, valued at approximately $290,302.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,908 shares of company stock worth $673,910. 0.41% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of EGL. Municipal Employees Retirement System of Michigan grew its position in Engility by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock valued at $118,000 after acquiring an additional 160 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Engility in the third quarter valued at approximately $124,000. OxFORD Asset Management LLP acquired a new stake in Engility in the second quarter valued at approximately $206,000. BNP Paribas Arbitrage SA grew its position in Engility by 28.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,777 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 1,968 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Engility in the third quarter valued at approximately $266,000. 91.81% of the stock is owned by institutional investors.

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Engility Company Profile

Engility Holdings, Inc (Engility) is a provider of systems engineering services, training, program management, and operational support for the United States Government worldwide. The Company’s business is focused on providing a range of engineering, technical, analytical, advisory, training, logistics and support services.

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