Nuance Investments buys $19,667,286 stake in Rockwell Collins (COL)

Rockwell Collins (COL) : Nuance Investments scooped up 218,005 additional shares in Rockwell Collins during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 230,918 shares of Rockwell Collins which is valued at $19,667,286.Rockwell Collins makes up approximately 2.04% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Welch Forbes reduced its stake in COL by selling 299 shares or 7.73% in the most recent quarter. The Hedge Fund company now holds 3,568 shares of COL which is valued at $303,887. Rockwell Collins makes up approx 0.01% of Welch Forbes’s portfolio.Standard Life Investments Ltd boosted its stake in COL in the latest quarter, The investment management firm added 8,871 additional shares and now holds a total of 547,586 shares of Rockwell Collins which is valued at $46,188,879. Rockwell Collins makes up approx 0.20% of Standard Life Investments Ltd’s portfolio.Jlb Associates Inc reduced its stake in COL by selling 334 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 41,060 shares of COL which is valued at $3,497,901. Rockwell Collins makes up approx 0.96% of Jlb Associates Inc’s portfolio.Nisa Investment Advisors boosted its stake in COL in the latest quarter, The investment management firm added 2,460 additional shares and now holds a total of 26,856 shares of Rockwell Collins which is valued at $2,304,245. Rockwell Collins makes up approx 0.03% of Nisa Investment Advisors’s portfolio.

Rockwell Collins closed down -0.64 points or -0.75% at $84.73 with 8,93,277 shares getting traded on Monday. Post opening the session at $85.58, the shares hit an intraday low of $84.62 and an intraday high of $85.58 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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