PineBridge Investments L.P. increased its position in Circor International Inc. (NYSE:CIR) by 7.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,083 shares of the company’s stock after buying an additional 146 shares during the period. PineBridge Investments L.P.’s holdings in Circor International were worth $119,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new stake in Circor International during the second quarter worth about $6,017,000. Bank of New York Mellon Corp increased its stake in Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock worth $20,953,000 after buying an additional 60,403 shares in the last quarter. EAM Investors LLC bought a new stake in Circor International during the second quarter worth about $3,387,000. Ameriprise Financial Inc. increased its stake in Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock valued at $5,878,000 after buying an additional 27,019 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Circor International by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 1,556,241 shares of the company’s stock valued at $88,690,000 after buying an additional 10,700 shares in the last quarter.
Circor International Inc. (NYSE:CIR) opened at 59.07 on Wednesday. Circor International Inc. has a 12 month low of $32.79 and a 12 month high of $62.87. The stock has a market cap of $970.11 million, a PE ratio of 145.85 and a beta of 1.39. The company’s 50 day moving average is $58.66 and its 200 day moving average is $55.68.
Circor International (NYSE:CIR) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $144.01 million. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The firm’s revenue was down 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. On average, analysts anticipate that Circor International Inc. will post $2.19 EPS for the current fiscal year.
Several research firms have weighed in on CIR. Stifel Nicolaus lowered their price target on shares of Circor International from $68.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, August 1st. Zacks Investment Research raised shares of Circor International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, KeyCorp began coverage on shares of Circor International in a research report on Tuesday, September 20th. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Circor International has an average rating of “Hold” and a consensus price target of $49.50.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $61.17, for a total transaction of $183,510.00. Following the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.
About Circor International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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