Traders Sell Shares of Rockwell Collins, Inc. (COL) on Strength (COL)

Traders sold shares of Rockwell Collins, Inc. (NYSE:COL) on strength during trading on Thursday. $39.31 million flowed into the stock on the tick-up and $70.04 million flowed out of the stock on the tick-down, for a money net flow of $30.73 million out of the stock. Of all equities tracked, Rockwell Collins had the 19th highest net out-flow for the day. Rockwell Collins traded up $0.34 for the day and closed at $134.94

A number of equities research analysts have recently commented on the company. ValuEngine downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Zacks Investment Research downgraded Rockwell Collins from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $115.00 price objective on shares of Rockwell Collins in a research report on Tuesday, October 3rd. Finally, BidaskClub upgraded Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $126.22.

The firm has a 50-day moving average price of $131.16 and a 200-day moving average price of $113.34. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 26.78 and a beta of 0.73.

Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business posted $1.63 earnings per share. The firm’s quarterly revenue was up 57.0% on a year-over-year basis. On average, analysts predict that Rockwell Collins, Inc. will post $6.09 EPS for the current fiscal year.

Rockwell Collins announced that its Board of Directors has initiated a stock repurchase plan on Friday, July 7th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the aerospace company to repurchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of the stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of COL. Artemis Investment Management LLP acquired a new position in shares of Rockwell Collins during the 2nd quarter worth about $7,472,000. Rosenblum Silverman Sutton S F Inc. CA acquired a new position in shares of Rockwell Collins during the 2nd quarter worth about $4,120,000. Capital Analysts LLC acquired a new position in shares of Rockwell Collins during the 2nd quarter worth about $2,183,000. Schwab Charles Investment Management Inc. increased its stake in shares of Rockwell Collins by 4.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock worth $39,705,000 after purchasing an additional 15,531 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake in shares of Rockwell Collins by 61.5% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 10,173 shares of the aerospace company’s stock worth $1,069,000 after purchasing an additional 3,873 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

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About Rockwell Collins

Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.

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