Chicago Equity Partners LLC Decreases Holdings in Orbital ATK (OA)

Chicago Equity Partners LLC lessened its holdings in Orbital ATK (NYSE:OA) by 24.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the aerospace company’s stock after selling 3,585 shares during the quarter. Chicago Equity Partners LLC’s holdings in Orbital ATK were worth $1,459,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in OA. Pentwater Capital Management LP boosted its holdings in Orbital ATK by 320.7% in the fourth quarter. Pentwater Capital Management LP now owns 1,480,000 shares of the aerospace company’s stock worth $194,620,000 after purchasing an additional 1,128,200 shares during the period. Deutsche Bank AG boosted its holdings in Orbital ATK by 157.2% in the fourth quarter. Deutsche Bank AG now owns 779,120 shares of the aerospace company’s stock worth $102,451,000 after purchasing an additional 476,167 shares during the period. Gardner Lewis Asset Management L P acquired a new position in Orbital ATK in the fourth quarter worth $62,030,000. Gamco Investors INC. ET AL boosted its holdings in Orbital ATK by 213.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 421,430 shares of the aerospace company’s stock worth $55,418,000 after purchasing an additional 286,900 shares during the period. Finally, Nuance Investments LLC acquired a new position in Orbital ATK in the fourth quarter worth $36,658,000. 78.06% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. ValuEngine raised shares of Orbital ATK from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. FIG Partners raised shares of Orbital ATK to a “market perform” rating in a report on Wednesday, January 24th. Ten investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $126.21.

In other news, VP Thomas E. Mccabe sold 248 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $132.49, for a total transaction of $32,857.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Shares of Orbital ATK opened at $133.52 on Friday, according to Marketbeat Ratings. Orbital ATK has a 1 year low of $133.47 and a 1 year high of $133.50. The firm has a market cap of $7.71 billion, a PE ratio of 21.26, a PEG ratio of 2.20 and a beta of -0.27. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.68 and a quick ratio of 1.49.

Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.26. Orbital ATK had a net margin of 6.89% and a return on equity of 19.90%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. analysts anticipate that Orbital ATK will post 6.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Friday, May 11th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 10th. Orbital ATK’s dividend payout ratio (DPR) is 20.38%.

Orbital ATK Profile

Orbital ATK, Inc develops and produces aerospace and defense related products to the U.S. Government, allied nations, prime contractors, and other customers in the United States and internationally. It operates through three segments: Flight Systems Group, Defense Systems Group, and Space Systems Group.

Institutional Ownership by Quarter for Orbital ATK (NYSE:OA)

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