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: 000119312516741068. 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 October18, 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 increased, 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.
Van Den Berg Management I Incorporated last reported 10,051 shares in the company. Prudential Public Limited Liability Company holds 0.08% of its portfolio in Esterline Technologies Corporation (NYSE:ESL) for 330,200 shares. Stifel holds 0.02% of its portfolio in Esterline Technologies Corporation (NYSE:ESL) for 60,830 shares. Royal Comml Bank Of Canada owns 45,027 shares or 0% of their US portfolio. Blackrock Advsrs Limited Co has 14,090 shares for 0% of their US portfolio. Pacad Invest Ltd holds 2,100 shares or 0.02% of its portfolio. Springbok Cap Ltd Llc holds 0% or 400 shares in its portfolio. Texas Permanent School Fund owns 22,444 shares or 0.02% of their US portfolio. Plante Moran Ltd owns 49 shares or 0% of their US portfolio. Paragon & Paragon Ii Joint Venture reported 47,000 shares or 2.85% of all its holdings. First Mercantile Tru has 0% invested in the company for 520 shares. Geode Ltd Llc holds 0.01% or 196,229 shares in its portfolio. Comerica Comml Bank holds 0.01% or 20,413 shares in its portfolio. Citigroup has invested 0% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). M&T State Bank Corporation holds 0% or 9,555 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 1 insider purchase, and 2 sales for $1.90 million net activity. On Tuesday, May 31 the insider GEORGE ROBERT DAVID sold $1.39 million. Shares for $824,256 were sold by YOST ALBERT S on Friday, August 26. 5,340 shares with value of $319,495 were bought by First Pacific Advisors – LLC on Tuesday, August 2.
Analysts await Esterline Technologies Corporation (NYSE:ESL) to report earnings on November, 3. ESL’s profit will be $46.53 million for 11.55 P/E if the $1.58 EPS becomes a reality. After $1.38 actual EPS reported by Esterline Technologies Corporation for the previous quarter, Wall Street now forecasts 14.49% EPS growth.
The stock increased 0.27% or $0.2 during the last trading session, hitting $73. Esterline Technologies Corporation (NYSE:ESL) has risen 13.23% since March 16, 2016 and is uptrending. It has outperformed by 7.69% the S&P500.
Esterline Technologies Corporation is a specialized manufacturing company. The company has a market cap of $2.15 billion. The Firm designs, makes and markets engineered products and systems for application within the industries it serves. It has a 25.64 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 21.23% above today’s ($73) stock price. Esterline Techs has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Monday, August 15 the stock rating was upgraded by Drexel Hamilton to “Buy”. The rating was initiated by CL King with “Neutral” on Thursday, August 13. As per Monday, May 9, the company rating was maintained by Goldman Sachs. As per Friday, February 5, the company rating was downgraded by Canaccord Genuity. The company was upgraded on Friday, January 15 by Credit Suisse. The rating was upgraded by Credit Suisse on Monday, January 18 to “Outperform”. The firm has “Sector Weight” rating given on Friday, February 5 by KeyBanc Capital Markets. On Thursday, February 4 the stock rating was downgraded by Drexel Hamilton to “Hold”. On Friday, November 20 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “” rating by ACI Research given on Friday, September 4.
More important recent Esterline Technologies Corporation (NYSE:ESL) news were published by: Twst.com which released: “Esterline Technologies Corporation: Esterline Corporation Appoints Nils Larsen …” on October 18, 2016, also Prnewswire.com published article titled: “Esterline Technologies Corporation and United Technologies Announce Long-Term …”, Fool.com published: “Shares of Esterline Technologies Corp. Are Being Crushed After Investigation …” on February 05, 2016. More interesting news about Esterline Technologies Corporation (NYSE:ESL) was released by: Benzinga.com and their article: “Drexel Now Sees Esterline Technologies As A Margin Recovery Story, Upgrades To Buy” with publication date: August 15, 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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