Arizona State Retirement System boosted its position in CIRCOR International, Inc. (NYSE:CIR) by 224.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,732 shares of the industrial products company’s stock after acquiring an additional 19,194 shares during the period. Arizona State Retirement System owned 0.17% of CIRCOR International worth $1,350,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in CIR. California Public Employees Retirement System raised its holdings in shares of CIRCOR International by 2.3% during the second quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock valued at $808,000 after acquiring an additional 300 shares in the last quarter. Teton Advisors Inc. boosted its holdings in shares of CIRCOR International by 1.1% in the 4th quarter. Teton Advisors Inc. now owns 183,600 shares of the industrial products company’s stock worth $8,938,000 after purchasing an additional 2,000 shares during the period. SG Americas Securities LLC purchased a new position in shares of CIRCOR International in the 3rd quarter worth approximately $121,000. Municipal Employees Retirement System of Michigan raised its position in shares of CIRCOR International by 59.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 2,320 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in shares of CIRCOR International by 22.0% in the 4th quarter. Pinebridge Investments L.P. now owns 23,696 shares of the industrial products company’s stock worth $1,153,000 after acquiring an additional 4,281 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.
A number of research analysts have recently weighed in on CIR shares. Zacks Investment Research lowered CIRCOR International from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. ValuEngine lowered CIRCOR International from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Stifel Nicolaus lifted their target price on CIRCOR International from $52.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, SunTrust Banks reissued a “buy” rating and set a $56.00 price target on shares of CIRCOR International in a research note on Friday, March 2nd. Four research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. CIRCOR International presently has a consensus rating of “Hold” and a consensus price target of $59.50.
CIRCOR International, Inc. (NYSE:CIR) opened at $42.36 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.98 and a debt-to-equity ratio of 1.31. CIRCOR International, Inc. has a twelve month low of $41.50 and a twelve month high of $68.76. The company has a market cap of $882.58, a price-to-earnings ratio of 58.03 and a beta of 1.67.
CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $205.58 million for the quarter, compared to analyst estimates of $170.60 million. CIRCOR International had a net margin of 1.78% and a return on equity of 6.06%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. analysts expect that CIRCOR International, Inc. will post 2.2 earnings per share for the current fiscal year.
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CIRCOR International Company Profile
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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