Gavekal Capital Invests $6,141,000 in Rockwell Collins, Inc. (COL)
Gavekal Capital purchased a new stake in shares of Rockwell Collins, Inc. (NYSE:COL) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 66,534 shares of the company’s stock, valued at approximately $6,141,000. Rockwell Collins comprises about 2.2% of Gavekal Capital’s investment portfolio, making the stock its 26th largest position. Gavekal Capital owned about 0.05% of Rockwell Collins at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Beacon Capital Management acquired a new stake in shares of Rockwell Collins during the fourth quarter worth $0. Creative Planning raised its stake in shares of Rockwell Collins by 3.3% in the fourth quarter. Creative Planning now owns 4,605 shares of the company’s stock worth $425,000 after buying an additional 149 shares in the last quarter. MUFG Americas raised its stake in shares of Rockwell Collins by 21.1% in the third quarter. MUFG Americas now owns 17,206 shares of the company’s stock worth $1,409,000 after buying an additional 2,996 shares in the last quarter. Natixis Asset Management raised its stake in shares of Rockwell Collins by 6.0% in the third quarter. Natixis Asset Management now owns 20,590 shares of the company’s stock worth $1,660,000 after buying an additional 1,170 shares in the last quarter. Finally, Renaissance Investment Group acquired a new stake in shares of Rockwell Collins during the fourth quarter worth $3,162,000.
Shares of Rockwell Collins, Inc. (NYSE:COL) traded up 1.98% on Thursday, reaching $81.39. The company’s stock had a trading volume of 717,991 shares. The stock has a 50-day moving average of $88.62 and a 200 day moving average of $86.86. The stock has a market capitalization of $10.67 billion and a PE ratio of 16.61. Rockwell Collins, Inc. has a 1-year low of $78.15 and a 1-year high of $99.37.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, January 22nd. The company reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. The firm earned $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. Rockwell Collins’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 EPS. On average, equities analysts forecast that Rockwell Collins, Inc. will post $5.52 EPS for the current year.
A number of equities research analysts have weighed in on COL shares. Brean Capital started coverage on Rockwell Collins in a report on Thursday, October 15th. They issued a “hold” rating on the stock. Deutsche Bank reissued a “buy” rating on shares of Rockwell Collins in a research note on Monday, October 12th. Barclays boosted their price target on Rockwell Collins from $98.00 to $101.00 and gave the stock an “overweight” rating in a research note on Monday. Zacks Investment Research lowered Rockwell Collins from a “hold” rating to a “sell” rating in a research note on Tuesday, December 1st. Finally, JPMorgan Chase & Co. boosted their price target on Rockwell Collins from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $98.67.
In related news, COO Philip J. Jasper sold 2,243 shares of the firm’s stock in a transaction that occurred on Monday, January 4th. The shares were sold at an average price of $90.60, for a total transaction of $203,215.80. Following the transaction, the chief operating officer now owns 12,924 shares in the company, valued at $1,170,914.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Douglas E. Stenske sold 3,652 shares of the firm’s stock in a transaction that occurred on Monday, December 7th. The shares were sold at an average price of $91.27, for a total transaction of $333,318.04. Following the transaction, the vice president now owns 3,920 shares in the company, valued at approximately $357,778.40. The disclosure for this sale can be found here.
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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