UBS Asset Management Americas Inc. cut its stake in CIRCOR International, Inc. (NYSE:CIR) by 68.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,636 shares of the industrial products company’s stock after selling 18,883 shares during the period. UBS Asset Management Americas Inc. owned 0.05% of CIRCOR International worth $513,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in CIRCOR International during the fourth quarter valued at $25,177,000. Russell Investments Group Ltd. boosted its position in CIRCOR International by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 59,177 shares of the industrial products company’s stock worth $3,517,000 after buying an additional 236 shares during the last quarter. Comerica Bank boosted its position in CIRCOR International by 1.8% in the first quarter. Comerica Bank now owns 18,305 shares of the industrial products company’s stock worth $1,190,000 after buying an additional 317 shares during the last quarter. Bank of New York Mellon Corp boosted its position in CIRCOR International by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 220,207 shares of the industrial products company’s stock worth $13,089,000 after buying an additional 8,173 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in CIRCOR International by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 27,743 shares of the industrial products company’s stock worth $1,800,000 after buying an additional 1,757 shares during the last quarter.
Shares of CIRCOR International, Inc. (NYSE CIR) traded down 0.61% during mid-day trading on Friday, reaching $47.47. 51,835 shares of the company’s stock were exchanged. CIRCOR International, Inc. has a one year low of $47.12 and a one year high of $72.96. The company has a market capitalization of $783.21 million, a PE ratio of 48.74 and a beta of 1.66. The company’s 50-day moving average price is $54.15 and its 200-day moving average price is $60.04.
CIRCOR International (NYSE:CIR) last posted its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $151.20 million for the quarter, compared to analyst estimates of $158.09 million. CIRCOR International had a net margin of 2.74% and a return on equity of 6.55%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. On average, equities analysts expect that CIRCOR International, Inc. will post $1.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, August 14th. CIRCOR International’s payout ratio is currently 15.31%.
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A number of equities analysts have issued reports on CIR shares. Stifel Nicolaus boosted their price objective on shares of CIRCOR International from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Zacks Investment Research lowered shares of CIRCOR International from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. ValuEngine raised shares of CIRCOR International from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Seaport Global Securities lowered shares of CIRCOR International from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $70.00 to $60.00 in a research note on Wednesday, June 21st. Finally, Sidoti raised shares of CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, June 22nd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.83.
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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