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

February 14, 2018 - By Michael Pereira

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.56, from 1.43 in 2017Q2. It dropped, 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. Oregon Employees Retirement Fund owns 0.02% invested in Esterline Technologies Corporation (NYSE:ESL) for 10,976 shares. Chevy Chase Inc has 10,343 shares for 0% of their portfolio. Ahl Partners Llp holds 46,313 shares. Amalgamated Comml Bank reported 0.01% stake. 5,580 were accumulated by Thrivent Financial For Lutherans. Hutchin Hill Cap Lp has invested 0.06% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). 3,360 were accumulated by First Mercantile Trust Company. Advisory Research stated it has 0.29% in Esterline Technologies Corporation (NYSE:ESL). Segall Bryant And Hamill Limited Liability Corp, Illinois-based fund reported 115,655 shares. The Arizona-based Arizona State Retirement Sys has invested 0.02% in Esterline Technologies Corporation (NYSE:ESL). Weaver C Barksdale & Associate has invested 0.01% in Esterline Technologies Corporation (NYSE:ESL). The Georgia-based Voya Inv Limited Liability Corporation has invested 0.03% in Esterline Technologies Corporation (NYSE:ESL). Federated Pa accumulated 0% or 13,568 shares. Texas Permanent School Fund reported 19,257 shares. Peak6 Invs L P has invested 0% of its portfolio in Esterline Technologies Corporation (NYSE:ESL).

Since September 29, 2017, it had 1 buy, and 3 sales for $6.61 million activity. Etter Delores M had bought 1,000 shares worth $72,130. First Pacific Advisors – LLC sold 7,621 shares worth $693,827.

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 3.37 million 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 $2.11 billion 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. Credit Suisse maintained Esterline Technologies Corporation (NYSE:ESL) rating on Tuesday, December 12. Credit Suisse has “Hold” rating and $70.0 target. The company was downgraded on Friday, February 5 by Canaccord Genuity. Credit Suisse upgraded the shares of ESL in report on Monday, January 18 to “Outperform” rating. The company was maintained on Friday, November 10 by Canaccord Genuity. The stock of Esterline Technologies Corporation (NYSE:ESL) earned “Sector Weight” rating by KeyBanc Capital Markets on Friday, February 5. On Thursday, January 12 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Sell” rating given on Friday, January 12 by Credit Suisse. The company was maintained on Monday, May 9 by Goldman Sachs. The rating was maintained by Jefferies on Tuesday, September 5 with “Hold”. The firm has “Neutral” rating by CL King given on Thursday, August 13.

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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