Ladenburg Thalmann Financial Services Inc. Reduces Stake in Esterline (ESL)

Ladenburg Thalmann Financial Services Inc. trimmed its position in Esterline (NYSE:ESL) by 35.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,417 shares of the aerospace company’s stock after selling 782 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Esterline were worth $105,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bain Capital Public Equity Management LLC acquired a new stake in Esterline in the fourth quarter valued at $3,269,000. Clarius Group LLC increased its holdings in Esterline by 5.8% in the fourth quarter. Clarius Group LLC now owns 15,830 shares of the aerospace company’s stock valued at $1,183,000 after purchasing an additional 870 shares during the period. Swiss National Bank increased its holdings in Esterline by 3.1% in the fourth quarter. Swiss National Bank now owns 45,900 shares of the aerospace company’s stock valued at $3,429,000 after purchasing an additional 1,400 shares during the period. Rice Hall James & Associates LLC increased its holdings in Esterline by 20.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 73,725 shares of the aerospace company’s stock valued at $5,507,000 after purchasing an additional 12,381 shares during the period. Finally, Cove Street Capital LLC acquired a new stake in Esterline in the fourth quarter valued at $15,605,000. Institutional investors own 95.12% of the company’s stock.

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Shares of Esterline stock opened at $74.85 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.43 and a quick ratio of 2.09. Esterline has a 1-year low of $67.15 and a 1-year high of $102.70. The stock has a market cap of $2,157.80, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23.

Esterline (NYSE:ESL) last issued its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Esterline had a return on equity of 6.91% and a net margin of 3.31%. The firm had revenue of $482.30 million during the quarter, compared to the consensus estimate of $459.38 million. During the same period last year, the business posted $0.82 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. sell-side analysts forecast that Esterline will post 3.81 earnings per share for the current year.

A number of analysts recently weighed in on ESL shares. Zacks Investment Research upgraded Esterline from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Monday, April 2nd. ValuEngine upgraded Esterline from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks restated a “hold” rating and issued a $82.00 price objective on shares of Esterline in a report on Tuesday, January 9th. Jefferies Group restated a “hold” rating and issued a $83.00 price objective on shares of Esterline in a report on Monday, January 8th. Finally, Credit Suisse Group downgraded Esterline from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.56.

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Esterline Company Profile

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

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Institutional Ownership by Quarter for Esterline (NYSE:ESL)

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