Ameriprise Financial Inc. raised its position in Circor International Inc. (NYSE:CIR) by 35.5% during the second quarter, Holdings Channel reports. The firm owned 103,139 shares of the company’s stock after buying an additional 27,019 shares during the period. Ameriprise Financial Inc. owned 0.63% of Circor International worth $5,878,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new stake in Circor International during the second quarter worth about $6,017,000. Bank of New York Mellon Corp raised its stake in Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock worth $20,953,000 after buying an additional 60,403 shares during the period. EAM Investors LLC acquired a new stake in Circor International during the second quarter worth about $3,387,000. Gamco Investors INC. ET AL raised its stake in Circor International by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 1,556,241 shares of the company’s stock worth $88,690,000 after buying an additional 10,700 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares during the period.
Shares of Circor International Inc. (NYSE:CIR) traded up 0.22% during midday trading on Wednesday, hitting $49.40. 8,693 shares of the company’s stock were exchanged. Circor International Inc. has a 1-year low of $32.79 and a 1-year high of $62.87. The stock’s 50 day moving average is $57.39 and its 200-day moving average is $55.83. The stock has a market cap of $811.30 million, a PE ratio of 121.98 and a beta of 1.39.
Circor International (NYSE:CIR) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. The business earned $146.40 million during the quarter, compared to the consensus estimate of $144.01 million. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. Analysts predict that Circor International Inc. will post $2.19 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on CIR shares. Zacks Investment Research lowered shares of Circor International from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Stifel Nicolaus dropped their price objective on shares of Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Finally, KeyCorp initiated coverage on shares of Circor International in a research report on Tuesday, September 20th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Circor International has a consensus rating of “Hold” and a consensus target price of $49.50.
In related news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the completion of the sale, the director now owns 14,556 shares of the company’s stock, valued at $890,390.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
About Circor International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
Want to see what other hedge funds are holding CIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Circor International Inc. (NYSE:CIR).
Receive News & Ratings for Circor International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Circor International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.