Earnest Partners LLC lowered its position in shares of Hexcel Co. (NYSE:HXL) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,755,835 shares of the aerospace company’s stock after selling 50,557 shares during the quarter. Hexcel comprises approximately 1.6% of Earnest Partners LLC’s holdings, making the stock its 8th largest holding. Earnest Partners LLC owned approximately 3.07% of Hexcel worth $170,448,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Hexcel by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 200 shares during the period. Aperio Group LLC boosted its holdings in Hexcel by 2.0% in the 4th quarter. Aperio Group LLC now owns 41,126 shares of the aerospace company’s stock worth $2,544,000 after acquiring an additional 818 shares during the period. Pacer Advisors Inc. boosted its holdings in Hexcel by 6.2% in the 3rd quarter. Pacer Advisors Inc. now owns 14,481 shares of the aerospace company’s stock worth $831,000 after acquiring an additional 844 shares during the period. Greenwood Capital Associates LLC boosted its holdings in Hexcel by 12.1% in the 4th quarter. Greenwood Capital Associates LLC now owns 8,599 shares of the aerospace company’s stock worth $532,000 after acquiring an additional 929 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in Hexcel by 1.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 94,892 shares of the aerospace company’s stock worth $5,869,000 after acquiring an additional 946 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Shares of Hexcel Co. (HXL) opened at $69.08 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.31 and a current ratio of 2.51. The stock has a market capitalization of $6,206.33, a P/E ratio of 25.78, a P/E/G ratio of 2.67 and a beta of 1.17. Hexcel Co. has a 52-week low of $49.20 and a 52-week high of $69.27.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Monday, February 5th. Hexcel’s dividend payout ratio is currently 16.18%.
HXL has been the topic of a number of recent analyst reports. Stephens initiated coverage on Hexcel in a research report on Wednesday, December 6th. They issued an “overweight” rating and a $74.00 target price on the stock. Canaccord Genuity upped their target price on Hexcel from $64.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, January 26th. Zacks Investment Research lowered Hexcel from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $67.00 target price (up from $60.00) on shares of Hexcel in a research report on Wednesday, December 13th. Finally, Loop Capital set a $64.00 target price on Hexcel and gave the company a “hold” rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $65.90.
In related news, CEO Nick L. Stanage sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.00, for a total transaction of $1,116,000.00. Following the sale, the chief executive officer now directly owns 172,463 shares of the company’s stock, valued at approximately $10,692,706. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Nick L. Stanage sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $63.02, for a total value of $1,575,500.00. Following the sale, the chief executive officer now directly owns 179,463 shares in the company, valued at $11,309,758.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,174 shares of company stock worth $4,864,978. Corporate insiders own 2.10% of the company’s stock.
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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