Macquarie Group Ltd. Has $19,148,000 Position in Circor International Inc. (CIR)
Macquarie Group Ltd. boosted its position in shares of Circor International Inc. (NYSE:CIR) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 335,997 shares of the company’s stock after buying an additional 10,246 shares during the period. Macquarie Group Ltd. owned about 2.05% of Circor International worth $19,148,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CIR. Emerald Acquisition Ltd. purchased a new position in shares of Circor International during the second quarter worth about $6,017,000. Bank of New York Mellon Corp boosted its position in shares of Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock worth $20,953,000 after buying an additional 60,403 shares in the last quarter. EAM Investors LLC purchased a new position in shares of Circor International during the second quarter worth about $3,387,000. Netols Asset Management Inc. boosted its position in shares of Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock worth $6,556,000 after buying an additional 42,709 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock worth $5,878,000 after buying an additional 27,019 shares in the last quarter. Hedge funds and other institutional investors own 99.68% of the company’s stock.
Shares of Circor International Inc. (NYSE:CIR) traded down 0.35% during mid-day trading on Friday, hitting $62.58. 21,431 shares of the stock were exchanged. The stock’s 50 day moving average price is $55.72 and its 200-day moving average price is $57.39. The stock has a market capitalization of $1.03 billion, a P/E ratio of 54.04 and a beta of 1.36. Circor International Inc. has a 12-month low of $32.79 and a 12-month high of $63.13.
Circor International (NYSE:CIR) last released its quarterly earnings results on Friday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Circor International had a net margin of 3.23% and a return on equity of 8.67%. The firm earned $134.80 million during the quarter, compared to analyst estimates of $133.74 million. During the same quarter last year, the business earned $0.64 EPS. The company’s revenue was down 15.4% compared to the same quarter last year. On average, equities research analysts expect that Circor International Inc. will post $1.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Wednesday, November 16th. Circor International’s dividend payout ratio (DPR) is 12.93%.
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CIR has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Circor International from a “strong sell” rating to a “hold” rating and set a $63.00 price target for the company in a report on Tuesday, October 18th. SunTrust Banks Inc. upgraded shares of Circor International from a “reduce” rating to a “hold” rating and upped their price target for the company from $46.00 to $55.00 in a report on Friday, October 14th. Stifel Nicolaus reduced their price target on shares of Circor International from $68.00 to $61.00 and set a “buy” rating for the company in a report on Monday, August 1st. Finally, KeyCorp upgraded shares of Circor International from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a report on Monday, October 17th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.80.
In other news, VP Arjun Sharma sold 762 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $62.00, for a total transaction of $47,244.00. Following the completion of the sale, the vice president now owns 10,985 shares of the company’s stock, valued at approximately $681,070. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.
Circor International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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