The New Robert Rodriguez And Steven Romick’s First Pacific Advisors Holding in Esterline Technologies Corp
First Pacific Advisors filed with the SEC SC 13D/A form for Esterline Technologies Corp. The form can be accessed here: 000119312516736358. As reported in Robert Rodriguez And Steven Romick’s First Pacific Advisors’s form, the filler as of late owns 12.6% or 3,690,774 shares of the Industrials–company.
Esterline Technologies Corp stake is a new one for the for the hedge fund and it was filed because of activity on October 11, 2016. We feel this shows Robert Rodriguez And Steven Romick’s First Pacific Advisors’s positive view for the stock. For a hedge fund managing $28.26 billion in assets and having 75+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Robert Rodriguez And Steven Romick’s First Pacific Advisors’s US equities portfolio is in this sector.
Esterline Technologies Corp Institutional Sentiment
Latest Security and Exchange filings show 192 investors own Esterline Technologies Corp. The institutional ownership in Q3 2015 is high, at 126.39% of the outstanding shares. This is increased by 7681803 the total institutional shares. 37158222 were the shares owned by these institutional investors. In total 18 funds opened new Esterline Technologies Corp stakes, 77 increased stakes. There were 33 that closed positions and 67 reduced them.
Jay Petschek And Steven Major Corsair Capital Management Lp is an institutional investor bullish on Esterline Technologies Corp, owning 197390 shares as of Q3 2015 for 1.48% of its portfolio. Olstein Capital Management Lp owns 160500 shares or 1.44% of its portfolio. CA First Pacific Advisors Llc have 1.96% of their stock portfolio for 3168360 shares. Further, Snyder Capital Management L P reported stake worth 2.51% of its US stock portfolio. The NY Msd Capital L P owns 1588279 shares. Esterline Technologies Corp is 15.23% of the manager’s US portfolio.
Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application within the industries it serves. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. Its Avionics & Controls segment includes avionics systems, control and communication systems, and interface technologies capabilities. Its Sensors & Systems segment includes power systems, connection technologies and advanced sensors capabilities. Its Advanced Materials segment includes engineered materials and defense technologies capabilities. It manufactures control sticks, grips and wheels, as well as specialized switching systems. It develops and manufactures high-precision temperature, pressure and speed sensors for aerospace customers and electrical interconnection systems. It also develops and manufactures combustible ordnance and countermeasures for military applications.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Robert Rodriguez And Steven Romick’s First Pacific Advisors website.
Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.40, from 0.76 in 2016Q1. The ratio is positive, as 23 funds sold all Esterline Technologies Corporation shares owned while 54 reduced positions. 20 funds bought stakes while 69 increased positions. They now own 25.65 million shares or 1.52% less from 26.05 million shares in 2016Q1.
Swiss Bancorp has 0% invested in the company for 47,200 shares. Blackrock Management Llc last reported 0.02% of its portfolio in the stock. State Treasurer State Of Michigan has invested 0.01% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). Jacobs Levy Equity Mgmt Incorporated has 0.03% invested in the company for 25,480 shares. Walleye Trading Limited Co accumulated 500 shares or 0% of the stock. Metropolitan Life Insurance Com Ny reported 47,701 shares or 0.02% of all its holdings. Anchor Cap Advsrs Lc accumulated 476,040 shares or 0.75% of the stock. Moreover, Blackrock Ltd has 0% invested in Esterline Technologies Corporation (NYSE:ESL) for 22,238 shares. Ironwood Inv Mgmt Ltd last reported 0.42% of its portfolio in the stock. Da Davidson And Company holds 0% or 95 shares in its portfolio. Bancorp Of New York Mellon Corporation accumulated 308,590 shares or 0.01% of the stock. Plante Moran Advsrs Limited Com last reported 0% of its portfolio in the stock. Macquarie Limited last reported 0.01% of its portfolio in the stock. Art Ltd Co holds 0.02% of its portfolio in Esterline Technologies Corporation (NYSE:ESL) for 5,542 shares. Manufacturers Life Insur The holds 0.01% of its portfolio in Esterline Technologies Corporation (NYSE:ESL) for 111,215 shares.
Insider Transactions: Since May 31, 2016, the stock had 1 insider buy, and 2 sales for $1.90 million net activity. $319,495 worth of Esterline Technologies Corporation (NYSE:ESL) shares were bought by First Pacific Advisors – LLC. 20,800 shares were sold by GEORGE ROBERT DAVID, worth $1.39M on Tuesday, May 31. $824,256 worth of Esterline Technologies Corporation (NYSE:ESL) shares were sold by YOST ALBERT S.
Analysts await Esterline Technologies Corporation (NYSE:ESL) to report earnings on November, 3. ESL’s profit will be $44.13M for 11.61 P/E if the $1.58 EPS becomes a reality. After $1.38 actual earnings per share reported by Esterline Technologies Corporation for the previous quarter, Wall Street now forecasts 14.49% EPS growth.
The stock closed at $73.4 during the last session. It is down 21.54% since March 9, 2016 and is uptrending. It has outperformed by 14.13% the S&P500.
Esterline Technologies Corporation is a specialized manufacturing company. The company has a market cap of $2.05 billion. The Firm designs, makes and markets engineered products and systems for application within the industries it serves. It has a 25.78 P/E ratio. It operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials.
Esterline Technologies Corporation (NYSE:ESL) Ratings Coverage
Out of 9 analysts covering Esterline Techs (NYSE:ESL), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. $120 is the highest target while $61 is the lowest. The $88.50 average target is 20.57% above today’s ($73.4) stock price. Esterline Techs has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, February 5 by Canaccord Genuity. The rating was upgraded by Credit Suisse on Friday, January 15 to “Outperform”. The company was downgraded on Thursday, February 4 by Drexel Hamilton. The firm has “Buy” rating by Drexel Hamilton given on Monday, August 15. The rating was downgraded by Wells Fargo on Friday, February 5 to “Market Perform”. KeyBanc Capital Markets downgraded Esterline Technologies Corporation (NYSE:ESL) on Friday, February 5 to “Sector Weight” rating. The firm earned “” rating on Friday, September 4 by ACI Research. The stock has “Neutral” rating given by Goldman Sachs on Monday, May 9. Canaccord Genuity maintained the stock with “Buy” rating in Friday, November 20 report. The firm has “Neutral” rating by CL King given on Thursday, August 13.
More important recent Esterline Technologies Corporation (NYSE:ESL) news were published by: Fool.com which released: “Shares of Esterline Technologies Corp. Are Being Crushed After Investigation …” on February 05, 2016, also Prnewswire.com published article titled: “Esterline Technologies Corporation and United Technologies Announce Long-Term …”, Benzinga.com published: “Drexel Now Sees Esterline Technologies As A Margin Recovery Story, Upgrades To Buy” on August 15, 2016. More interesting news about Esterline Technologies Corporation (NYSE:ESL) was released by: Barrons.com and their article: “Cubic Corp. and Esterline Are Both Poised to Rebound” with publication date: February 13, 2016.
According to Zacks Investment Research, “Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. They design, manufacture and market highly engineered products and systems for application within the industries they serve. Their products are found on most military and commercial aircraft, helicopters, and land-based systems. Their sales are diversified across three broad markets: defense, commercial aerospace, and general industrial.”
ESL Company Profile
Esterline Technologies Corporation, incorporated on August 22, 1967, is a specialized manufacturing company. The Firm designs, makes and markets engineered products and systems for application within the industries it serves. The Firm operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Firm serves the aerospace and defense industry, primarily in the United States and Europe. The Firm also serves the industrial/commercial and medical markets.
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