Ashfield Capital Partners Lowers stake in Rockwell Collins (COL)

Rockwell Collins (COL) : Ashfield Capital Partners reduced its stake in Rockwell Collins by 8.46% during the most recent quarter end. The investment management company now holds a total of 180,488 shares of Rockwell Collins which is valued at $15,256,651 after selling 16,683 shares in Rockwell Collins , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Rockwell Collins makes up approximately 1.16% of Ashfield Capital Partners’s portfolio.

Other Hedge Funds, Including , Neuberger Berman Group boosted its stake in COL in the latest quarter, The investment management firm added 191,380 additional shares and now holds a total of 361,149 shares of Rockwell Collins which is valued at $30,831,290. Rockwell Collins makes up approx 0.04% of Neuberger Berman Group’s portfolio.

Rockwell Collins opened for trading at $84.52 and hit $85.0768 on the upside on Monday, eventually ending the session at $84.97, with a gain of 0.58% or 0.49 points. The heightened volatility saw the trading volume jump to 4,12,721 shares. Company has a market cap of $11,040 M.

On the company’s financial health, Rockwell Collins reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.59. The company had revenue of $1330.00 million for the quarter, compared to analysts expectations of $1345.59 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Many Wall Street Analysts have commented on Rockwell Collins. Shares were Downgraded by Canaccord Genuity on Jul 26, 2016 to ” Hold” and Lowered the Price Target to $ 94 from a previous price target of $100 .Rockwell Collins was Initiated by Morgan Stanley to “Equal-Weight” on Jun 23, 2016.

Rockwell Collins Inc. is engaged in design production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems. The Company’s Government Systems business provides a range of electronic products systems and services to customers. The Company’s Commercial Systems business supplies aviation electronics systems products and services to customers located throughout the world. Its integrated system solutions and products cater to a range of markets. It also provides a range of services and support including equipment repair and overhaul service parts and field service engineering. It enables wireless distribution of digital information aboard the aircraft. Its portfolio of cabin products and services allows airlines to stream video content to approximately 250 passengers simultaneously.

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