Orbital ATK (OA) is Kellner Capital LLC’s 8th Largest Position

Kellner Capital LLC boosted its holdings in Orbital ATK (NYSE:OA) by 60.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,400 shares of the aerospace company’s stock after acquiring an additional 26,100 shares during the period. Orbital ATK comprises about 5.6% of Kellner Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Kellner Capital LLC owned about 0.12% of Orbital ATK worth $9,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Treasurer State of Michigan increased its stake in shares of Orbital ATK by 1.9% in the first quarter. State Treasurer State of Michigan now owns 21,100 shares of the aerospace company’s stock valued at $2,798,000 after purchasing an additional 400 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Orbital ATK by 7.9% in the first quarter. Oppenheimer & Co. Inc. now owns 5,932 shares of the aerospace company’s stock valued at $787,000 after purchasing an additional 432 shares during the period. Vertex One Asset Management Inc. increased its stake in shares of Orbital ATK by 1.6% in the fourth quarter. Vertex One Asset Management Inc. now owns 28,956 shares of the aerospace company’s stock valued at $3,808,000 after purchasing an additional 456 shares during the period. Bbva Compass Bancshares Inc. increased its stake in shares of Orbital ATK by 7.8% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 6,785 shares of the aerospace company’s stock valued at $892,000 after purchasing an additional 493 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Orbital ATK by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 96,500 shares of the aerospace company’s stock valued at $12,690,000 after purchasing an additional 549 shares during the period. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

NYSE OA opened at $133.52 on Friday. Orbital ATK has a 12 month low of $133.47 and a 12 month high of $133.50. The company has a current ratio of 1.68, a quick ratio of 1.49 and a debt-to-equity ratio of 0.75. The company has a market cap of $7.71 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.20 and a beta of -0.27.

Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $1.76 EPS for the quarter, beating the Zacks’ 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. sell-side analysts predict that Orbital ATK will post 6.73 EPS for the current fiscal year.

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

Several equities research analysts have commented on OA shares. FIG Partners upgraded shares of Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Ten research 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. The company presently has a consensus rating of “Hold” and a consensus target price of $126.21.

In other Orbital ATK news, VP Thomas E. Mccabe sold 1,540 shares of Orbital ATK stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $131.80, for a total value of $202,972.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

About Orbital ATK

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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