Robecosam AG boosted its holdings in Hexcel Co. (NYSE:HXL) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,000 shares of the aerospace company’s stock after acquiring an additional 43,800 shares during the quarter. Hexcel accounts for about 1.5% of Robecosam AG’s investment portfolio, making the stock its 15th largest position. Robecosam AG’s holdings in Hexcel were worth $23,153,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Rock Advisors LLC increased its stake in Hexcel by 65.2% in the 3rd quarter. Blue Rock Advisors LLC now owns 24,828 shares of the aerospace company’s stock worth $1,425,000 after acquiring an additional 9,797 shares during the last quarter. Atlantic Trust Group LLC increased its stake in Hexcel by 48.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 198,102 shares of the aerospace company’s stock worth $11,374,000 after acquiring an additional 65,000 shares during the last quarter. Golden Gate Private Equity Inc. bought a new position in Hexcel in the 3rd quarter worth about $5,558,000. Cornerstone Capital Management Holdings LLC. increased its stake in Hexcel by 141.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 80,365 shares of the aerospace company’s stock worth $4,613,000 after acquiring an additional 47,140 shares during the last quarter. Finally, Putnam FL Investment Management Co. bought a new position in shares of Hexcel during the 3rd quarter valued at about $6,267,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hexcel Co. (NYSE HXL) opened at $69.08 on Monday. The company has a current ratio of 2.51, a quick ratio of 1.31 and a debt-to-equity ratio of 0.54. Hexcel Co. has a 1 year low of $49.20 and a 1 year high of $69.27. The stock has a market capitalization of $6,206.33, a P/E ratio of 25.78, a P/E/G ratio of 2.67 and a beta of 1.17.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were given a dividend of $0.125 per share. The ex-dividend date was Monday, February 5th. This represents a $0.50 annualized dividend and a yield of 0.72%. Hexcel’s payout ratio is 16.18%.
In related news, CEO Nick L. Stanage sold 27,174 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the transaction, the chief executive officer now directly owns 181,637 shares in the company, valued at approximately $11,626,584.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Nick L. Stanage sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $62.01, for a total value of $434,070.00. Following the transaction, the chief executive officer now owns 161,463 shares in the company, valued at $10,012,320.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,174 shares of company stock worth $4,864,978. 2.10% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on HXL shares. Stephens increased their price objective on Hexcel from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Loop Capital set a $64.00 price objective on Hexcel and gave the company a “hold” rating in a research report on Thursday, December 14th. ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded Hexcel from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $62.00 price objective on shares of Hexcel in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Hexcel presently has an average rating of “Hold” and a consensus price target of $65.90.
Hexcel Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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