BNP Paribas Arbitrage SA lessened its position in Rockwell Collins, Inc. (NYSE:COL) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,099 shares of the company’s stock after selling 25,792 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.10% of Rockwell Collins worth $21,842,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in COL. Vanguard Group Inc. increased its holdings in shares of Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the company’s stock worth $1,683,340,000 after acquiring an additional 3,410,680 shares during the period. BlackRock Inc. grew its position in Rockwell Collins by 27.9% in the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the company’s stock valued at $1,189,034,000 after buying an additional 2,466,370 shares in the last quarter. Epoch Investment Partners Inc. grew its position in Rockwell Collins by 186.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,028,189 shares of the company’s stock valued at $213,122,000 after buying an additional 1,319,020 shares in the last quarter. Franklin Resources Inc. grew its position in Rockwell Collins by 76.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,999,186 shares of the company’s stock valued at $315,130,000 after buying an additional 1,295,052 shares in the last quarter. Finally, State Street Corp grew its position in Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the company’s stock valued at $750,304,000 after buying an additional 1,281,647 shares in the last quarter. 77.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Collins, Inc. (NYSE:COL) traded up GBX 0.42 ($0.01) on Friday, hitting GBX 133.58 ($1.76). 715,007 shares of the company’s stock traded hands, compared to its average volume of 1,129,664. Rockwell Collins, Inc. has a one year low of GBX 85.11 ($1.12) and a one year high of GBX 136.50 ($1.80). The firm has a market capitalization of $21,746.69, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, October 27th. The company reported GBX 1.80 ($0.02) EPS for the quarter, hitting the consensus estimate of GBX 1.80 ($0.02). Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The company had revenue of GBX 219.30 billion during the quarter, compared to analysts’ expectations of GBX 222.97 billion. During the same period last year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was up 51.8% on a year-over-year basis. sell-side analysts forecast that Rockwell Collins, Inc. will post 7.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, November 10th. Rockwell Collins’s payout ratio is 27.62%.
In other Rockwell Collins news, CFO Patrick E. Allen sold 35,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of GBX 135.34 ($1.78), for a total value of £47,369 ($62,303.04). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harlan Donnley Meade bought 1,666,667 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was purchased at an average price of GBX 0.06 ($0.00) per share, with a total value of £1,000 ($1,315.27). Over the last quarter, insiders sold 527,680 shares of company stock valued at $71,420,546. Corporate insiders own 1.50% of the company’s stock.
A number of brokerages recently issued reports on COL. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Wolfe Research lowered shares of Rockwell Collins from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 6th. BidaskClub upgraded shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Rockwell Collins in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 128.85 ($1.69).
Rockwell Collins Company Profile
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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