Macquarie Group Ltd. Acquires 47,177 Shares of Esterline Technologies Corporation (ESL)

Macquarie Group Ltd. boosted its holdings in shares of Esterline Technologies Corporation (NYSE:ESL) by 31.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,988 shares of the aerospace company’s stock after buying an additional 47,177 shares during the quarter. Macquarie Group Ltd. owned approximately 0.65% of Esterline Technologies Corporation worth $18,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ESL. PNC Financial Services Group Inc. grew its position in Esterline Technologies Corporation by 13.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock valued at $104,000 after buying an additional 133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Esterline Technologies Corporation by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock valued at $112,000 after buying an additional 120 shares during the period. Flinton Capital Management LLC grew its position in Esterline Technologies Corporation by 57.4% during the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock valued at $129,000 after buying an additional 496 shares during the period. Pacad Investment Ltd. grew its position in Esterline Technologies Corporation by 100.0% during the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock valued at $171,000 after buying an additional 900 shares during the period. Finally, Invictus RG grew its position in Esterline Technologies Corporation by 66.3% during the first quarter. Invictus RG now owns 2,252 shares of the aerospace company’s stock valued at $194,000 after buying an additional 898 shares during the period. Institutional investors own 92.18% of the company’s stock.

Esterline Technologies Corporation (NYSE ESL) opened at 93.80 on Friday. Esterline Technologies Corporation has a 52-week low of $69.85 and a 52-week high of $102.70. The firm has a 50 day moving average of $88.44 and a 200-day moving average of $91.40. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 20.90 and a beta of 1.49.

Esterline Technologies Corporation (NYSE:ESL) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.22). The firm had revenue of $503.80 million for the quarter, compared to analyst estimates of $522.38 million. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. Esterline Technologies Corporation’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. Equities analysts expect that Esterline Technologies Corporation will post $4.64 EPS for the current year.

ESL has been the subject of several recent research reports. Seaport Global Securities initiated coverage on shares of Esterline Technologies Corporation in a research report on Tuesday, September 12th. They set a “neutral” rating and a $93.00 target price for the company. Canaccord Genuity boosted their target price on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Friday, August 4th. ValuEngine lowered shares of Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) lowered shares of Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and cut their target price for the company from $86.00 to $75.00 in a research report on Thursday, August 10th. Finally, BidaskClub lowered shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $92.67.

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In related news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of Esterline Technologies Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $91.04, for a total value of $693,815.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Esterline Technologies Corporation Profile

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application within the industries it serves. The Company operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.

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Institutional Ownership by Quarter for Esterline Technologies Corporation (NYSE:ESL)

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