Quantum Capital Management Nj buys $20.7 Million stake in CIRCOR International (CIR)

CIRCOR International (CIR) : Quantum Capital Management Nj scooped up 170,562 additional shares in CIRCOR International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 379,895 shares of CIRCOR International which is valued at $20.7 Million.CIRCOR International makes up approximately 6.08% of Quantum Capital Management Nj’s portfolio.

Other Hedge Funds, Including , Primecap Management Coca reduced its stake in CIR by selling 2,000 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 392,000 shares of CIR which is valued at $21.3 Million. CIRCOR International makes up approx 0.02% of Primecap Management Coca’s portfolio.Manufacturers Life Insurance Company The reduced its stake in CIR by selling 19,039 shares or 20.03% in the most recent quarter. The Hedge Fund company now holds 76,034 shares of CIR which is valued at $4.1 Million. CIRCOR International makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio. Nine Chapters Capital Management added CIR to its portfolio by purchasing 21,200 company shares during the most recent quarter which is valued at $1.2 Million. CIRCOR International makes up approx 0.10% of Nine Chapters Capital Management’s portfolio.Aperio Group reduced its stake in CIR by selling 923 shares or 12.65% in the most recent quarter. The Hedge Fund company now holds 6,371 shares of CIR which is valued at $359,643.Granite Investment Partners boosted its stake in CIR in the latest quarter, The investment management firm added 5,108 additional shares and now holds a total of 125,197 shares of CIRCOR International which is valued at $7.1 Million. CIRCOR International makes up approx 0.63% of Granite Investment Partners’s portfolio.

CIRCOR International opened for trading at $53.61 and hit $54.57 on the upside on Friday, eventually ending the session at $54.23, with a gain of 1.74% or 0.93 points. The heightened volatility saw the trading volume jump to 67,168 shares. Company has a market cap of $891 M.

On the company’s financial health, CIRCOR International reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.41. The company had revenue of $150.80 million for the quarter, compared to analysts expectations of $137.74 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

Investors should note that on May 13, 2016, CIRCOR International announced a cash dividend of $0.0375. The company’s management has announced May 24, 2016 as the ex-dividend date and fixed the record date on May 26, 2016. The payable date has been fixed on Jun 10, 2016.

Many Wall Street Analysts have commented on CIRCOR International. CIRCOR International was Downgraded by Sidoti to ” Neutral” on May 3, 2016. Stifel Upgraded CIRCOR International on May 2, 2016 to ” Buy”, Price Target of the shares are set at $68.CIRCOR International was Downgraded by Sun Trust Rbsn Humphrey to ” Reduce” on Apr 14, 2016.

CIRCOR International Inc. (CIRCOR) designs manufactures and markets engineered products and sub-systems which are used in the oil and gas power generation aerospace defense and other industrial markets. The Company manages a portfolio of flow control and actuation products sub-systems and technologies. It operates around 19 manufacturing facilities that are located in the United States Western Europe Morocco India Brazil and the People’s Republic of China. The Company operates in two segments: CIRCOR Energy (Energy) and CIRCOR Aerospace & Defense (Aerospace & Defense). Energy segment is a provider of engineered integrated flow control solutions valves and services. Its Aerospace & Defense segment focuses on actuation systems and fluid control systems (electromechanical pneumatic and hydraulic). The Company sells its products through approximately 800 distributors or representatives and directly to end-use customers.

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