Zacks Investment Research Downgrades Rockwell Collins (COL) to Hold

Zacks Investment Research downgraded shares of Rockwell Collins (NYSE:COL) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising commercial and government customers, cushions it from risks of reduced orders from either customer group. Moreover, United Technologies has recently agreed to take over Rockwell Collins, which comes as good news for the latter’s shareholders, who are set to enjoy more than 7% premium in terms of share price.The company outperformed its broader industry in past one year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations. The stronger U.S. dollar has actually negatively impacted the company’s sales. As the company operates in a highly competitive market, it has to keep upgrading its technology, or else it can lose out to competitors developing better products.”

COL has been the subject of several other research reports. Royal Bank of Canada set a $140.00 target price on Rockwell Collins and gave the stock a hold rating in a research report on Sunday, November 12th. Credit Suisse Group cut Rockwell Collins from an outperform rating to a neutral rating and set a $140.00 target price for the company. in a research report on Wednesday, November 8th. Canaccord Genuity reiterated a hold rating and set a $140.00 target price on shares of Rockwell Collins in a research report on Friday, October 6th. Jefferies Group reiterated a hold rating and set a $115.00 target price on shares of Rockwell Collins in a research report on Tuesday, October 3rd. Finally, ValuEngine lowered Rockwell Collins from a buy rating to a hold rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $129.01.

Rockwell Collins (COL) traded up $0.04 during trading hours on Tuesday, hitting $137.83. The company had a trading volume of 1,255,374 shares, compared to its average volume of 930,381. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75. Rockwell Collins has a 12-month low of $88.80 and a 12-month high of $138.14. The stock has a market capitalization of $22,569.13, a PE ratio of 28.83, a P/E/G ratio of 1.82 and a beta of 0.72.

Rockwell Collins (NYSE:COL) last released its earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.80. Rockwell Collins had a return on equity of 22.00% and a net margin of 10.33%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the business posted $1.58 earnings per share. The firm’s revenue was up 51.8% on a year-over-year basis. research analysts predict that Rockwell Collins will post 7.15 EPS for the current year.

In other news, VP Tatum J. Buse sold 19,170 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.36, for a total value of $2,594,851.20. Following the completion of the sale, the vice president now directly owns 3,722 shares of the company’s stock, valued at approximately $503,809.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $135.35, for a total value of $53,478,138.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 571,812 shares of company stock valued at $77,350,247. 1.10% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new stake in shares of Rockwell Collins in the 3rd quarter valued at approximately $100,000. FNY Partners Fund LP bought a new stake in shares of Rockwell Collins in the 3rd quarter valued at approximately $104,000. Highlander Capital Management LLC lifted its stake in shares of Rockwell Collins by 106.0% in the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares during the last quarter. Sun Life Financial INC lifted its stake in shares of Rockwell Collins by 16,857.1% in the 2nd quarter. Sun Life Financial INC now owns 1,187 shares of the aerospace company’s stock valued at $125,000 after purchasing an additional 1,180 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new stake in shares of Rockwell Collins in the 2nd quarter valued at approximately $137,000. 72.18% of the stock is owned by institutional investors and hedge funds.

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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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