BlueCrest Capital Management Ltd reduced its stake in Rockwell Collins, Inc. (NYSE:COL) by 15.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,785 shares of the aerospace company’s stock after selling 2,192 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Rockwell Collins were worth $1,598,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Amalgamated Bank lifted its stake in shares of Rockwell Collins by 2.1% in the 3rd quarter. Amalgamated Bank now owns 19,558 shares of the aerospace company’s stock worth $2,556,000 after acquiring an additional 406 shares during the period. Sigma Planning Corp lifted its stake in shares of Rockwell Collins by 18.4% in the 3rd quarter. Sigma Planning Corp now owns 3,699 shares of the aerospace company’s stock worth $484,000 after acquiring an additional 576 shares during the period. Dai Ichi Life Insurance Company Ltd lifted its stake in shares of Rockwell Collins by 4.6% in the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 13,053 shares of the aerospace company’s stock worth $1,706,000 after acquiring an additional 576 shares during the period. Trust Co lifted its stake in shares of Rockwell Collins by 27.9% in the 3rd quarter. Trust Co now owns 2,754 shares of the aerospace company’s stock worth $360,000 after acquiring an additional 600 shares during the period. Finally, ETRADE Capital Management LLC lifted its stake in shares of Rockwell Collins by 3.4% in the 4th quarter. ETRADE Capital Management LLC now owns 20,852 shares of the aerospace company’s stock worth $2,828,000 after acquiring an additional 683 shares during the period. 66.51% of the stock is owned by institutional investors.
In other news, CFO Patrick E. Allen sold 25,410 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $135.02, for a total transaction of $3,430,858.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Douglas E. Stenske sold 3,287 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $135.00, for a total transaction of $443,745.00. Following the sale, the vice president now owns 8,776 shares in the company, valued at approximately $1,184,760. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.06. Rockwell Collins had a net margin of 10.99% and a return on equity of 19.58%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The firm’s revenue was up 68.6% compared to the same quarter last year. equities analysts predict that Rockwell Collins, Inc. will post 7.2 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 12th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, February 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.96%. Rockwell Collins’s dividend payout ratio is currently 24.58%.
A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Tuesday, February 27th. Cowen reaffirmed a “hold” rating and issued a $135.00 price target on shares of Rockwell Collins in a research note on Friday, January 26th. Wells Fargo & Co lowered shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Finally, Canaccord Genuity reduced their price target on shares of Rockwell Collins from $140.00 to $137.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $133.95.
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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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