Esterline Technologies Co. (ESL) Position Increased by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in Esterline Technologies Co. (NYSE:ESL) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,617 shares of the aerospace company’s stock after acquiring an additional 1,387 shares during the quarter. Squarepoint Ops LLC owned 0.07% of Esterline Technologies worth $2,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Esterline Technologies by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 308,551 shares of the aerospace company’s stock valued at $37,473,000 after buying an additional 37,058 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in Esterline Technologies during the fourth quarter valued at $23,071,000. Kassirer Asset Management Corp acquired a new stake in Esterline Technologies during the fourth quarter valued at $3,644,000. Vanguard Group Inc. boosted its position in Esterline Technologies by 1.1% during the third quarter. Vanguard Group Inc. now owns 2,578,103 shares of the aerospace company’s stock valued at $234,479,000 after purchasing an additional 27,649 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Esterline Technologies during the fourth quarter valued at $13,011,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut Esterline Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $111.32.

Shares of NYSE ESL remained flat at $$122.49 during trading hours on Friday. Esterline Technologies Co. has a 1 year low of $69.05 and a 1 year high of $122.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.50 and a quick ratio of 2.30. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.78 and a beta of 0.40.

Esterline Technologies (NYSE:ESL) last issued its quarterly 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. Esterline Technologies had a return on equity of 8.01% and a net margin of 6.78%. The firm had revenue of $484.99 million for the quarter, compared to analyst estimates of $476.00 million. As a group, analysts predict that Esterline Technologies Co. will post 4.62 earnings per share for the current fiscal year.

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About Esterline Technologies

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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