Highlander Capital Management LLC boosted its position in Rockwell Collins, Inc. (NYSE:COL) by 106.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,024 shares of the aerospace company’s stock after purchasing an additional 527 shares during the quarter. Highlander Capital Management LLC’s holdings in Rockwell Collins were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. NEXT Financial Group Inc grew its holdings in Rockwell Collins by 35.7% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after buying an additional 250 shares during the period. Jacobi Capital Management LLC grew its holdings in Rockwell Collins by 30.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after buying an additional 231 shares during the period. Whittier Trust Co. grew its holdings in Rockwell Collins by 3.2% in the 2nd quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock valued at $120,000 after buying an additional 35 shares during the period. Global X Management Co. LLC grew its holdings in Rockwell Collins by 31.1% in the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares during the period. Finally, Winslow Evans & Crocker Inc. purchased a new stake in Rockwell Collins in the 2nd quarter valued at about $124,000. 77.71% of the stock is owned by hedge funds and other institutional investors.
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Rockwell Collins, Inc. (NYSE:COL) traded up 0.25% during trading on Wednesday, reaching $134.30. The company’s stock had a trading volume of 452,930 shares. The firm has a market capitalization of $21.86 billion, a price-to-earnings ratio of 26.54 and a beta of 0.73. The stock’s 50-day moving average is $130.57 and its 200 day moving average is $113.03. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $135.31.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 EPS. On average, analysts predict that Rockwell Collins, Inc. will post $6.09 EPS for the current fiscal year.
Rockwell Collins announced that its board has initiated a share buyback plan on Friday, July 7th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other Rockwell Collins news, Director Harlan Donnley Meade bought 1,666,667 shares of the stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $0.06 per share, with a total value of $100,000.02. Company insiders own 1.50% of the company’s stock.
Several analysts have commented on COL shares. Vetr upgraded Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price target for the company in a report on Monday, August 21st. Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and lifted their price target for the company from $108.00 to $125.00 in a report on Tuesday, August 1st. Morgan Stanley set a $135.00 price target on Rockwell Collins and gave the company a “buy” rating in a report on Thursday, August 17th. Citigroup Inc. lifted their price target on Rockwell Collins from $93.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Rockwell Collins in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $126.22.
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.
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