Comerica Bank decreased its position in shares of CIRCOR International, Inc. (NYSE:CIR) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,603 shares of the industrial products company’s stock after selling 919 shares during the quarter. Comerica Bank owned approximately 0.09% of CIRCOR International worth $691,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in CIRCOR International during the second quarter valued at about $31,000. SG Americas Securities LLC raised its stake in shares of CIRCOR International by 22.3% in the second quarter. SG Americas Securities LLC now owns 9,070 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 1,653 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of CIRCOR International by 248.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,848 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 2,744 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of CIRCOR International by 3.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,893,852 shares of the industrial products company’s stock worth $61,740,000 after purchasing an additional 71,240 shares during the last quarter.
CIRCOR International stock traded down $0.29 during trading on Friday, reaching $36.97. 5,641 shares of the company were exchanged, compared to its average volume of 132,484. CIRCOR International, Inc. has a 52-week low of $19.73 and a 52-week high of $48.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.24 and a quick ratio of 1.35. The company has a market capitalization of $741.66 million, a P/E ratio of 17.69 and a beta of 2.13. The stock’s 50 day simple moving average is $36.30 and its two-hundred day simple moving average is $37.32.
CIRCOR International (NYSE:CIR) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The firm had revenue of $269.61 million during the quarter, compared to analysts’ expectations of $277.06 million. CIRCOR International had a negative net margin of 4.81% and a positive return on equity of 7.47%. CIRCOR International’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. As a group, equities analysts forecast that CIRCOR International, Inc. will post 2.18 earnings per share for the current year.
Several research analysts have recently issued reports on the company. ValuEngine cut CIRCOR International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Stifel Nicolaus raised CIRCOR International from a “hold” rating to a “buy” rating and dropped their target price for the stock from $50.00 to $47.00 in a report on Sunday, August 4th. KeyCorp reissued a “hold” rating on shares of CIRCOR International in a report on Monday, August 26th. Sidoti raised CIRCOR International from a “neutral” rating to a “buy” rating in a report on Thursday, July 18th. Finally, TheStreet raised CIRCOR International from a “d+” rating to a “c-” rating in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $48.75.
About CIRCOR International
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices and fluid catalytic converter and isolation valves.
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