MRJ Capital Inc. Decreases Stake in Rockwell Collins, Inc. (COL)

MRJ Capital Inc. reduced its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 10.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,600 shares of the aerospace company’s stock after selling 4,700 shares during the quarter. Rockwell Collins makes up approximately 3.1% of MRJ Capital Inc.’s holdings, making the stock its 7th biggest position. MRJ Capital Inc.’s holdings in Rockwell Collins were worth $5,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Jacobi Capital Management LLC grew its stake in shares of Rockwell Collins by 30.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 231 shares in the last quarter. Highlander Capital Management LLC grew its stake in shares of Rockwell Collins by 106.0% during the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 527 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Rockwell Collins by 3.2% during the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 35 shares in the last quarter. Sun Life Financial INC grew its stake in shares of Rockwell Collins by 16,857.1% during the 2nd quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock worth $125,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Acrospire Investment Management LLC bought a new position in shares of Rockwell Collins during the 2nd quarter worth approximately $137,000. 75.56% of the stock is owned by institutional investors.

Several research firms recently weighed in on COL. Zacks Investment Research raised 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 note on Monday, October 23rd. Credit Suisse Group cut shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Wednesday, November 8th. Royal Bank Of Canada set a $140.00 target price on shares of Rockwell Collins and gave the company a “hold” rating in a research note on Sunday, November 12th. Canaccord Genuity reissued a “hold” rating and issued a $140.00 target price on shares of Rockwell Collins in a research note on Friday, October 6th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $128.85.

In related news, VP David J. Nieuwsma sold 3,900 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $133.00, for a total value of $518,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $135.36, for a total value of $2,594,851.20. Following the completion of the transaction, the vice president now directly owns 3,722 shares of the company’s stock, valued at approximately $503,809.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 533,747 shares of company stock valued at $72,229,429. 1.50% of the stock is owned by insiders.

Rockwell Collins, Inc. (COL) traded up $0.04 during mid-day trading on Monday, reaching $132.31. The company had a trading volume of 200,078 shares, compared to its average volume of 1,817,040. The firm has a market capitalization of $21,550.00, a P/E ratio of 22.12, a PEG ratio of 1.58 and a beta of 0.73. Rockwell Collins, Inc. has a fifty-two week low of $87.48 and a fifty-two week high of $136.50. 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 posted its quarterly earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.80. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. Rockwell Collins’s revenue for the quarter was up 51.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. analysts anticipate that Rockwell Collins, Inc. will post 7.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, November 10th. Rockwell Collins’s dividend payout ratio (DPR) is presently 27.62%.

COPYRIGHT VIOLATION WARNING: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/11/20/mrj-capital-inc-decreases-stake-in-rockwell-collins-inc-col.html.

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.

Want to see what other hedge funds are holding COL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Collins, Inc. (NYSE:COL).

Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

Receive News & Ratings for Rockwell Collins Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Collins Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply