M Holdings Securities Inc. Acquires New Holdings in Rockwell Collins, Inc. (COL)
M Holdings Securities Inc. acquired a new stake in Rockwell Collins, Inc. (NYSE:COL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,602 shares of the aerospace company’s stock, valued at approximately $378,000.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Rockwell Collins by 27.0% in the second quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after acquiring an additional 3,410,680 shares during the period. BlackRock Inc. boosted its holdings in shares of Rockwell Collins by 27.9% in the second quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock valued at $1,189,034,000 after acquiring an additional 2,466,370 shares during the period. State Street Corp boosted its holdings in shares of Rockwell Collins by 21.9% in the second quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock valued at $750,304,000 after acquiring an additional 1,281,647 shares during the period. FMR LLC boosted its holdings in shares of Rockwell Collins by 25.4% in the second quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock valued at $445,354,000 after acquiring an additional 857,884 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Rockwell Collins by 10.5% in the first quarter. Clearbridge Investments LLC now owns 3,362,286 shares of the aerospace company’s stock valued at $326,680,000 after acquiring an additional 319,567 shares during the period. 77.75% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on COL. Zacks Investment Research raised Rockwell Collins from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub raised Rockwell Collins from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. SunTrust Banks, Inc. reissued a “hold” rating on shares of Rockwell Collins in a report on Monday, October 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $140.00 price objective on shares of Rockwell Collins in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $126.22.
In other Rockwell Collins news, Director Harlan Donnley Meade purchased 1,666,667 shares of Rockwell Collins stock in a transaction on Friday, September 15th. The stock was bought at an average price of $0.06 per share, for a total transaction of $100,000.02. Insiders own 1.50% of the company’s stock.
Rockwell Collins, Inc. (NYSE:COL) traded up 0.30% on Friday, reaching $134.98. The company’s stock had a trading volume of 216,132 shares. The firm has a market capitalization of $21.93 billion, a P/E ratio of 26.79 and a beta of 0.73. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $135.31. The firm has a 50-day moving average price of $131.89 and a 200 day moving average price of $114.65.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 57.0% on a year-over-year basis. Equities analysts anticipate that Rockwell Collins, Inc. will post $6.10 earnings per share for the current fiscal year.
Rockwell Collins announced that its board has approved a share buyback program on Friday, July 7th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
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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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