Rockwell Collins, Inc. (COL) Position Lowered by P Schoenfeld Asset Management LP
P Schoenfeld Asset Management LP cut its holdings in shares of Rockwell Collins, Inc. (NYSE:COL) by 57.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,147 shares of the aerospace company’s stock after selling 231,853 shares during the period. Rockwell Collins makes up 1.6% of P Schoenfeld Asset Management LP’s portfolio, making the stock its 17th biggest position. P Schoenfeld Asset Management LP’s holdings in Rockwell Collins were worth $23,482,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Pentwater Capital Management LP bought a new position in Rockwell Collins in the third quarter valued at about $420,886,000. Capital International Investors lifted its holdings in Rockwell Collins by 1,335.8% in the third quarter. Capital International Investors now owns 2,110,600 shares of the aerospace company’s stock valued at $275,877,000 after acquiring an additional 1,963,600 shares during the period. Alpine Associates Management Inc. lifted its holdings in Rockwell Collins by 1,004.1% in the third quarter. Alpine Associates Management Inc. now owns 1,663,500 shares of the aerospace company’s stock valued at $217,436,000 after acquiring an additional 1,847,500 shares during the period. JPMorgan Chase & Co. lifted its holdings in Rockwell Collins by 284.1% in the third quarter. JPMorgan Chase & Co. now owns 924,749 shares of the aerospace company’s stock valued at $120,322,000 after acquiring an additional 684,011 shares during the period. Finally, Westchester Capital Management LLC bought a new position in Rockwell Collins in the third quarter valued at about $75,511,000. 71.36% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on COL. ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reissued a “hold” rating and issued a $135.00 target price on shares of Rockwell Collins in a report on Friday, January 26th. Wells Fargo & Co downgraded Rockwell Collins from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Zacks Investment Research downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Canaccord Genuity decreased their price objective on Rockwell Collins from $140.00 to $137.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Rockwell Collins has a consensus rating of “Hold” and a consensus price target of $134.01.
Rockwell Collins, Inc. (COL) opened at $133.24 on Monday. The company has a market capitalization of $21,843.75, a PE ratio of 24.81, a PEG ratio of 1.77 and a beta of 0.72. Rockwell Collins, Inc. has a 12 month low of $90.07 and a 12 month high of $139.63. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.56 and a quick ratio of 0.73.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.06. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The firm’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. research analysts expect that Rockwell Collins, Inc. will post 7.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, February 9th. Rockwell Collins’s dividend payout ratio (DPR) is presently 24.58%.
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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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