Cacti Asset Management Lowers stake in Rockwell Collins (COL)

Rockwell Collins (COL) : Cacti Asset Management reduced its stake in Rockwell Collins by 0.79% during the most recent quarter end. The investment management company now holds a total of 360,778 shares of Rockwell Collins which is valued at $33.5 Million after selling 2,885 shares in Rockwell Collins according to a report filed by the company on Apr 1, 2016 with the SEC.Rockwell Collins makes up approximately 3.60% of Cacti Asset Management’s portfolio.

Other Hedge Funds, Including , Renaissance Investment Group boosted its stake in COL in the latest quarter, The investment management firm added 3,635 additional shares and now holds a total of 37,895 shares of Rockwell Collins which is valued at $3.5 Million. Rockwell Collins makes up approx 1.76% of Renaissance Investment Group’s portfolio.

On the company’s financial health, Rockwell Collins reported $1.00 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Jan 22, 2016. Analyst had a consensus of $1.12. The company had revenue of $1169.00 million for the quarter, compared to analysts expectations of $1216.18 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.10 EPS.

Many Wall Street Analysts have commented on Rockwell Collins. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 99 from a previous price target of $105 .Shares were Reiterated by Barclays on Jan 25, 2016 to “Overweight” and Lowered the Price Target to $ 98 from a previous price target of $101 .

Rockwell Collins closed down -0.31 points or -0.34% at $91.2 with 5,39,418 shares getting traded on Monday. Post opening the session at $91.65, the shares hit an intraday low of $90.71 and an intraday high of $92.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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