OppenheimerFunds Inc. raised its holdings in shares of Rockwell Collins (NYSE:COL) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,158 shares of the aerospace company’s stock after buying an additional 1,548 shares during the period. OppenheimerFunds Inc.’s holdings in Rockwell Collins were worth $1,106,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. lifted its position in Rockwell Collins by 4.6% during the fourth quarter. BlackRock Inc. now owns 11,987,278 shares of the aerospace company’s stock valued at $1,625,714,000 after buying an additional 523,172 shares in the last quarter. Pentwater Capital Management LP lifted its position in shares of Rockwell Collins by 5.6% during the fourth quarter. Pentwater Capital Management LP now owns 3,400,000 shares of the aerospace company’s stock worth $461,108,000 after purchasing an additional 180,000 shares in the last quarter. Capital International Investors lifted its position in shares of Rockwell Collins by 1,335.8% during the third quarter. Capital International Investors now owns 2,110,600 shares of the aerospace company’s stock worth $275,877,000 after purchasing an additional 1,963,600 shares in the last quarter. Alpine Associates Management Inc. lifted its position in shares of Rockwell Collins by 13.7% during the fourth quarter. Alpine Associates Management Inc. now owns 1,891,700 shares of the aerospace company’s stock worth $256,553,000 after purchasing an additional 228,200 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Rockwell Collins by 284.1% during the third quarter. JPMorgan Chase & Co. now owns 924,749 shares of the aerospace company’s stock worth $120,322,000 after purchasing an additional 684,011 shares in the last quarter. 67.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:COL traded down $1.41 during midday trading on Friday, reaching $133.90. The company had a trading volume of 1,230,566 shares, compared to its average volume of 1,197,226. The company has a current ratio of 1.56, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The firm has a market cap of $22,183.11, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.77 and a beta of 0.70. Rockwell Collins has a one year low of $96.13 and a one year high of $139.63.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was up 68.6% compared to the same quarter last year. equities research analysts forecast that Rockwell Collins will post 7.22 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Tuesday, February 27th. Cowen reissued a “hold” rating and set a $135.00 target price on shares of Rockwell Collins in a research report on Friday, January 26th. Wells Fargo cut shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Finally, Canaccord Genuity reduced their target price on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Rockwell Collins currently has a consensus rating of “Hold” and a consensus price target of $133.48.
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About Rockwell Collins
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
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