First Pacific Advisors Llc Decreased Esterline Technologies Corp (NYSE:ESL) Stake By $20.84 Million

February 14, 2018 - By marketbeat

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.56, from 1.43 in 2017Q2. It dived, as 26 investors sold ESL shares while 71 reduced holdings. 32 funds opened positions while 52 raised stakes. 27.18 million shares or 1.41% less from 27.56 million shares in 2017Q2 were reported. 13,568 were accumulated by Federated Invsts Inc Pa. Wells Fargo Mn has 0.01% invested in Esterline Technologies Corporation (NYSE:ESL) for 219,225 shares. Amer Century Companies Inc owns 5,524 shares for 0% of their portfolio. Hutchin Hill L P invested in 17,200 shares or 0.06% of the stock. The California-based Primecap Management Ca has invested 0.01% in Esterline Technologies Corporation (NYSE:ESL). Cim Inv Mangement holds 5,504 shares or 0.18% of its portfolio. Pnc Financial Svcs Group Incorporated invested in 997 shares. Rmb Capital Mngmt Ltd Co owns 97,664 shares or 0.23% of their US portfolio. Legal And General Group Pcl has invested 0% in Esterline Technologies Corporation (NYSE:ESL). Quantbot Lp invested in 3,410 shares. Van Den Berg I Inc reported 0.14% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). Bluecrest Limited accumulated 10,944 shares or 0.04% of the stock. State Of Wisconsin Invest Board stated it has 0.02% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). Cubist Systematic Strategies Limited has invested 0.08% in Esterline Technologies Corporation (NYSE:ESL). Bancorporation Of Montreal Can reported 3,163 shares or 0% of all its holdings.

Since September 29, 2017, it had 1 buy, and 3 selling transactions for $6.61 million activity. Another trade for 31,155 shares valued at $2.99 million was made by ATWOOD J RICHARD on Thursday, October 26. Another trade for 31,155 shares valued at $2.99 million was made by First Pacific Advisors – LLC on Thursday, October 26.

Robert Rodriguez decreased its stake in Esterline Technologies Corp (NYSE:ESL) by 8.35% based on its latest 2017Q4 regulatory filing with the SEC. First Pacific Advisors Llc sold 281,586 shares as the company’s stock rose 3.62% with the market. The hedge fund run by Robert Rodriguez held 3.09M shares of the industrial machinery and components company at the end of 2017Q4, valued at $230.90M, down from 3.37M at the end of the previous reported quarter. First Pacific Advisors Llc who had been investing in Esterline Technologies Corp for a number of months, seems to be less bullish one the $2.11B market cap company. The stock increased 1.21% or $0.85 during the last trading session, reaching $70.95. About 283,387 shares traded. Esterline Technologies Corporation (NYSE:ESL) has risen 43.50% since February 14, 2017 and is uptrending. It has outperformed by 26.80% the S&P500.

First Pacific Advisors Llc is a California-based hedge fund that was founded by Robert Rodriguez And Steven Romick. It had more than $28.26 billion assets under management in July, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from First Pacific Advisors latest Adv, the fund reported to have 75 full and part-time employees. Among which 29 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Esterline Technologies Corporation (NYSE:ESL) Ratings Coverage

Among 13 analysts covering Esterline Techs (NYSE:ESL), 0 have Buy rating, 3 Sell and 10 Hold. Therefore 0 are positive. Esterline Techs has $120 highest and $61 lowest target. $81.22’s average target is 14.47% above currents $70.95 stock price. Esterline Techs had 46 analyst reports since August 13, 2015 according to SRatingsIntel. Canaccord Genuity downgraded Esterline Technologies Corporation (NYSE:ESL) on Friday, February 5 to “Hold” rating. The stock of Esterline Technologies Corporation (NYSE:ESL) earned “Sell” rating by Credit Suisse on Friday, January 12. The rating was maintained by Goldman Sachs with “Neutral” on Monday, May 9. The stock of Esterline Technologies Corporation (NYSE:ESL) has “Hold” rating given on Tuesday, December 12 by Credit Suisse. Jefferies maintained it with “Hold” rating and $80.0 target in Thursday, February 1 report. SunTrust initiated the shares of ESL in report on Thursday, January 19 with “Buy” rating. The rating was downgraded by Drexel Hamilton to “Hold” on Thursday, February 4. Suntrust Robinson initiated the stock with “Buy” rating in Thursday, January 19 report. The firm earned “Hold” rating on Tuesday, September 5 by Jefferies. The company was downgraded on Friday, February 5 by Wells Fargo.

Esterline Technologies Corporation designs, makes, and markets engineered products and systems primarily for aerospace and defense clients in the United States and internationally. The company has market cap of $2.11 billion. It operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials. It has a 31.74 P/E ratio. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

More news for Esterline Technologies Corporation (NYSE:ESL) were recently published by: Seekingalpha.com, which released: “Esterline Technologies (ESL) Q4 2017 Results – Earnings Call Transcript” on November 10, 2017. Seekingalpha.com‘s article titled: “Esterline Technologies Crushed After Earnings Call” and published on November 14, 2017 is yet another important article.

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