MainStreet Investment Advisors LLC acquired a new stake in shares of Rockwell Collins (NYSE:COL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,473 shares of the aerospace company’s stock, valued at approximately $878,000.
Several other hedge funds and other institutional investors have also modified their holdings of COL. Pentwater Capital Management LP acquired a new position in shares of Rockwell Collins during the third quarter valued at about $420,886,000. Farallon Capital Management LLC acquired a new position in shares of Rockwell Collins during the fourth quarter valued at about $342,853,000. Capital International Investors grew its holdings 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 valued at $275,877,000 after buying an additional 1,963,600 shares during the last quarter. Alpine Associates Management Inc. grew its holdings in shares of Rockwell Collins by 1,004.1% during the third quarter. Alpine Associates Management Inc. now owns 1,663,500 shares of the aerospace company’s stock valued at $217,436,000 after buying an additional 1,847,500 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings 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 valued at $120,322,000 after buying an additional 684,011 shares during the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.
COL has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Wells Fargo lowered shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Royal Bank of Canada set a $151.00 price target on shares of Rockwell Collins and gave the company a “hold” rating in a research report on Wednesday, January 24th. Cowen reissued a “hold” rating and set a $135.00 price target on shares of Rockwell Collins in a research report on Friday, January 26th. Finally, Canaccord Genuity dropped their price target 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 analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Rockwell Collins has an average rating of “Hold” and an average price target of $133.48.
COL stock traded down $1.41 during mid-day trading on Friday, hitting $133.90. The company had a trading volume of 1,252,101 shares, compared to its average volume of 1,197,226. The firm has a market cap of $21,951.96, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.75 and a beta of 0.70. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.56. Rockwell Collins has a 12 month low of $96.13 and a 12 month high of $139.63.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings data on Friday, January 26th. The aerospace company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.53 by $0.06. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The company’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. analysts forecast that Rockwell Collins will post 7.22 earnings per share for the current year.
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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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