Rockwell Collins (COL) Downgraded by Zacks Investment Research

Rockwell Collins (NYSE:COL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, January 9th.

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 a number of other research reports. Credit Suisse Group lowered Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Wednesday, November 8th. Royal Bank of Canada set a $140.00 price target on Rockwell Collins and gave the company a “hold” rating in a research report on Sunday, November 12th. Canaccord Genuity restated a “hold” rating and issued a $140.00 target price on shares of Rockwell Collins in a research report on Friday, October 6th. Jefferies Group restated a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a research report on Tuesday, October 3rd. Finally, ValuEngine downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rockwell Collins has an average rating of “Hold” and a consensus target price of $130.56.

Shares of Rockwell Collins (COL) traded up $0.27 on Tuesday, reaching $137.67. 1,240,000 shares of the company’s stock were exchanged, compared to its average volume of 1,090,000. The company has a market capitalization of $22,550.00, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.81 and a beta of 0.72. Rockwell Collins has a 1 year low of $89.44 and a 1 year high of $138.19. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.75 and a current ratio of 1.55.

Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The company’s quarterly revenue was up 51.8% on a year-over-year basis. research analysts forecast that Rockwell Collins will post 7.16 EPS for the current year.

In related news, VP Tatum J. Buse sold 19,170 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the transaction, the vice president now directly owns 3,722 shares in the company, valued at approximately $503,809.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert Kelly Ortberg sold 395,110 shares of the business’s stock in a transaction on Monday, November 6th. The stock was 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. Insiders sold a total of 571,812 shares of company stock worth $77,350,247 over the last quarter. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Rockwell Collins by 27.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,019,594 shares of the aerospace company’s stock valued at $1,683,340,000 after buying an additional 3,410,680 shares during the period. BlackRock Inc. raised its holdings in Rockwell Collins by 27.9% in the 2nd quarter. BlackRock Inc. now owns 11,315,505 shares of the aerospace company’s stock worth $1,189,034,000 after purchasing an additional 2,466,370 shares during the period. State Street Corp raised its holdings in Rockwell Collins by 21.9% in the 2nd quarter. State Street Corp now owns 7,140,178 shares of the aerospace company’s stock worth $750,304,000 after purchasing an additional 1,281,647 shares during the period. FMR LLC increased its stake in Rockwell Collins by 25.4% during the 2nd quarter. FMR LLC now owns 4,238,235 shares of the aerospace company’s stock worth $445,354,000 after buying an additional 857,884 shares in the last quarter. Finally, Pentwater Capital Management LP purchased a new stake in Rockwell Collins during the 3rd quarter worth approximately $420,886,000. 72.22% 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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