Robeco Institutional Asset Management B.V. boosted its position in Rockwell Collins, Inc. (NYSE:COL) by 47.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,831 shares of the aerospace company’s stock after purchasing an additional 6,037 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Rockwell Collins were worth $2,538,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of COL. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Rockwell Collins by 111.5% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 132,800 shares of the aerospace company’s stock valued at $18,010,000 after buying an additional 70,000 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Rockwell Collins in the 4th quarter worth approximately $118,000. Meadow Creek Investment Management LLC acquired a new position in shares of Rockwell Collins in the 4th quarter worth approximately $171,000. Truewealth LLC acquired a new position in shares of Rockwell Collins in the 4th quarter worth approximately $440,000. Finally, Farallon Capital Management LLC acquired a new position in shares of Rockwell Collins in the 4th quarter worth approximately $342,853,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.
Shares of COL stock traded up $0.24 during trading on Thursday, hitting $137.88. 1,078,800 shares of the company were exchanged, compared to its average volume of 1,330,597. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.61. The stock has a market cap of $22.82 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.82 and a beta of 0.71. Rockwell Collins, Inc. has a twelve month low of $103.25 and a twelve month high of $139.63.
Rockwell Collins (NYSE:COL) last posted its quarterly earnings results on Friday, April 27th. The aerospace company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Rockwell Collins had a net margin of 10.72% and a return on equity of 18.20%. The firm’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. sell-side analysts predict that Rockwell Collins, Inc. will post 7.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Tuesday, May 15th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Monday, May 14th. Rockwell Collins’s dividend payout ratio is currently 21.46%.
Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $143.00 price objective on shares of Rockwell Collins in a research note on Friday, April 6th. Zacks Investment Research cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Rockwell Collins has an average rating of “Hold” and a consensus price target of $136.74.
Rockwell Collins Profile
Rockwell Collins, Inc designs, produces, and supports communications and aviation systems worldwide. The company's Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen and passenger service equipment; cabin lighting systems; and business jet and general aviation interior products.
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