Rockwell Collins (NYSE:COL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Rockwell Collins continues to be the foremost global supplier of communications and avionics equipment for both commercial and military customers. A diversified portfolio, comprising commercial and government customers, cushions it from risks of reduced orders from either customer group. Moreover, United Technologies has recently agreed to take over Rockwell Collins, which comes as good news for the latter’s shareholders, who are set to enjoy more than 7% premium in terms of share price. The company outperformed its broader industry in past one year. However, the company derives a major portion of its revenues from overseas, which exposes it to the risk of currency fluctuations. Moreover, it operates in a highly competitive market. Rockwell Collins does not have a stable alternative supplier for certain goods or services”

Other research analysts have also recently issued research reports about the stock. SunTrust Banks restated a “hold” rating on shares of Rockwell Collins in a report on Monday, October 2nd. ValuEngine cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $140.00 price target on shares of Rockwell Collins in a research note on Friday, October 6th. Credit Suisse Group cut shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $140.00 price target on shares of Rockwell Collins in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $129.01.

Shares of Rockwell Collins (NYSE COL) traded up $0.04 on Monday, reaching $137.83. 1,255,900 shares of the company traded hands, compared to its average volume of 1,218,844. Rockwell Collins has a fifty-two week low of $88.80 and a fifty-two week high of $138.14. The firm has a market capitalization of $22,580.00, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.81 and a beta of 0.72. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.55 and a quick ratio of 0.75.

Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, October 27th. The aerospace company reported $1.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.80. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm’s revenue was up 51.8% on a year-over-year basis. equities research analysts predict that Rockwell Collins will post 7.2 EPS for the current year.

In other Rockwell Collins news, VP Douglas E. Stenske sold 3,287 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.00, for a total value of $443,745.00. Following the transaction, the vice president now directly owns 8,776 shares of the company’s stock, valued at approximately $1,184,760. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Tatum J. Buse sold 19,170 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $135.36, for a total transaction of $2,594,851.20. Following the completion of the transaction, the vice president now directly owns 3,722 shares in the company, valued at $503,809.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 571,812 shares of company stock worth $77,350,247. 1.10% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Frontier Investment Mgmt Co. bought a new stake in shares of Rockwell Collins during the 2nd quarter valued at approximately $375,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Rockwell Collins by 304.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 445,000 shares of the aerospace company’s stock valued at $58,166,000 after purchasing an additional 335,000 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Rockwell Collins by 61.5% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 10,173 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 3,873 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Rockwell Collins by 1.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 242,172 shares of the aerospace company’s stock valued at $31,654,000 after purchasing an additional 3,210 shares during the last quarter. Finally, U S Global Investors Inc. bought a new stake in shares of Rockwell Collins during the 2nd quarter valued at approximately $665,000. 72.22% of the stock is currently owned by hedge funds and other institutional investors.

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Rockwell Collins Company Profile

Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.

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