Comerica Bank raised its stake in CIRCOR International, Inc. (NYSE:CIR) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,988 shares of the industrial products company’s stock after buying an additional 1,000 shares during the period. Comerica Bank owned about 0.11% of CIRCOR International worth $1,124,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Macquarie Group Ltd. increased its stake in CIRCOR International by 3.1% in the second quarter. Macquarie Group Ltd. now owns 335,997 shares of the industrial products company’s stock valued at $19,148,000 after buying an additional 10,246 shares in the last quarter. Aperio Group LLC increased its position in shares of CIRCOR International by 2.6% in the third quarter. Aperio Group LLC now owns 5,860 shares of the industrial products company’s stock valued at $349,000 after buying an additional 147 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of CIRCOR International by 33.0% in the third quarter. UBS Asset Management Americas Inc. now owns 31,362 shares of the industrial products company’s stock valued at $1,868,000 after buying an additional 7,783 shares during the period. Rhumbline Advisers increased its position in shares of CIRCOR International by 3.8% in the third quarter. Rhumbline Advisers now owns 27,761 shares of the industrial products company’s stock valued at $1,653,000 after buying an additional 1,015 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of CIRCOR International by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the industrial products company’s stock valued at $217,000 after buying an additional 60 shares during the period. 99.32% of the stock is owned by institutional investors and hedge funds.
Shares of CIRCOR International, Inc. (NYSE:CIR) traded down 0.99% during midday trading on Friday, reaching $61.98. 58,935 shares of the company’s stock were exchanged. CIRCOR International, Inc. has a 12-month low of $47.47 and a 12-month high of $72.96. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 101.61 and a beta of 1.40. The stock’s 50 day moving average price is $58.98 and its 200 day moving average price is $60.39.
CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Thursday, February 16th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. The business earned $158 million during the quarter, compared to the consensus estimate of $150.90 million. CIRCOR International had a return on equity of 8.67% and a net margin of 3.23%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. Equities analysts anticipate that CIRCOR International, Inc. will post $2.21 earnings per share for the current fiscal year.
Several brokerages recently issued reports on CIR. Zacks Investment Research upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, January 10th. Stifel Nicolaus cut shares of CIRCOR International from a “buy” rating to a “hold” rating and boosted their price target for the company from $69.00 to $74.00 in a research report on Friday, February 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $62.75.
In related news, SVP Arjun Sharma sold 2,930 shares of CIRCOR International stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $60.65, for a total transaction of $177,704.50. Following the completion of the sale, the senior vice president now owns 12,939 shares in the company, valued at approximately $784,750.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.
About CIRCOR International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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