2,600 Shares in Esterline Technologies Co. (ESL) Purchased by Quantamental Technologies LLC

Quantamental Technologies LLC purchased a new stake in Esterline Technologies Co. (NYSE:ESL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,600 shares of the aerospace company’s stock, valued at approximately $316,000.

Several other hedge funds also recently bought and sold shares of ESL. Assenagon Asset Management S.A. lifted its position in Esterline Technologies by 94.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,347 shares of the aerospace company’s stock worth $1,985,000 after acquiring an additional 7,961 shares during the last quarter. Strs Ohio increased its holdings in shares of Esterline Technologies by 900.0% during the fourth quarter. Strs Ohio now owns 3,000 shares of the aerospace company’s stock worth $364,000 after purchasing an additional 2,700 shares during the period. Virtu Financial LLC bought a new position in shares of Esterline Technologies during the fourth quarter worth approximately $237,000. Havens Advisors LLC bought a new position in shares of Esterline Technologies during the fourth quarter worth approximately $2,308,000. Finally, Retirement Systems of Alabama increased its holdings in shares of Esterline Technologies by 0.6% during the fourth quarter. Retirement Systems of Alabama now owns 34,444 shares of the aerospace company’s stock worth $4,183,000 after purchasing an additional 200 shares during the period. 98.62% of the stock is currently owned by institutional investors.

ESL stock opened at $121.85 on Thursday. The firm has a market capitalization of $3.62 billion, a P/E ratio of 29.22, a PEG ratio of 2.77 and a beta of 0.42. The company has a current ratio of 3.50, a quick ratio of 2.30 and a debt-to-equity ratio of 0.35. Esterline Technologies Co. has a 12-month low of $69.05 and a 12-month high of $122.14.

Esterline Technologies (NYSE:ESL) last released its earnings results on Thursday, January 31st. The aerospace company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.43. The business had revenue of $484.99 million for the quarter, compared to analyst estimates of $476.00 million. Esterline Technologies had a net margin of 6.78% and a return on equity of 8.01%. Equities analysts anticipate that Esterline Technologies Co. will post 4.62 earnings per share for the current fiscal year.

ESL has been the topic of several recent research reports. Jefferies Financial Group set a $123.00 target price on shares of Esterline Technologies and gave the stock a “hold” rating in a report on Wednesday, November 21st. Zacks Investment Research raised shares of Esterline Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Barclays raised shares of Esterline Technologies from an “underweight” rating to an “equal weight” rating and set a $120.91 price objective on the stock in a research note on Sunday, December 9th. ValuEngine raised shares of Esterline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. Finally, Canaccord Genuity boosted their target price on shares of Esterline Technologies from $85.00 to $122.50 and gave the stock a “hold” rating in a research note on Wednesday, November 21st. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Esterline Technologies presently has an average rating of “Hold” and a consensus target price of $111.32.

In other news, EVP Roger Alan Ross sold 14,590 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $121.29, for a total transaction of $1,769,621.10. Following the transaction, the executive vice president now owns 12,454 shares in the company, valued at $1,510,545.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian D. Reid sold 4,500 shares of the company’s stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $121.69, for a total transaction of $547,605.00. Following the transaction, the insider now owns 2,000 shares in the company, valued at approximately $243,380. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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Esterline Technologies Company Profile

Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. It operates through the following segments: Avionics & Controls; Sensors & Systems; and Advanced Materials. The Avionics & Controls segment includes avionics systems, control systems, interface technologies and communication systems capabilities.

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Institutional Ownership by Quarter for Esterline Technologies (NYSE:ESL)

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