Westchester Capital Management Lifted Its Rockwell Collins (COL) Position by $22.76 Million; Share Value Rose; As Nat’l Oilwell Varco (NOV) Stock Rose, Jolley Asset Management Cut Stake by $516,780

May 21, 2018 - By Peter Mason

Rockwell Collins, Inc. (NYSE:COL) Logo

Jolley Asset Management Llc decreased its stake in Nat’l Oilwell Varco Inc. (NOV) by 58.9% based on its latest 2017Q4 regulatory filing with the SEC. Jolley Asset Management Llc sold 14,355 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 10,015 shares of the energy company at the end of 2017Q4, valued at $361,000, down from 24,370 at the end of the previous reported quarter. Jolley Asset Management Llc who had been investing in Nat’l Oilwell Varco Inc. for a number of months, seems to be less bullish one the $16.85 billion market cap company. The stock increased 1.59% or $0.69 during the last trading session, reaching $44.11. About 3.08 million shares traded or 1.94% up from the average. National Oilwell Varco, Inc. (NYSE:NOV) has declined 3.90% since May 21, 2017 and is downtrending. It has underperformed by 15.45% the S&P500.

Westchester Capital Management Llc increased its stake in Rockwell Collins Inc. (COL) by 29.18% based on its latest 2017Q4 regulatory filing with the SEC. Westchester Capital Management Llc bought 168,586 shares as the company’s stock rose 0.65% while stock markets declined. The institutional investor held 746,283 shares of the capital goods company at the end of 2017Q4, valued at $101.21M, up from 577,697 at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in Rockwell Collins Inc. for a number of months, seems to be bullish on the $22.58B market cap company. The stock increased 0.84% or $1.14 during the last trading session, reaching $137.48. About 2.02M shares traded or 51.11% up from the average. Rockwell Collins, Inc. (NYSE:COL) has risen 39.79% since May 21, 2017 and is uptrending. It has outperformed by 28.24% the S&P500.

More news for Rockwell Collins, Inc. (NYSE:COL) were recently published by: Streetinsider.com, which released: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” on May 15, 2018. Fool.com‘s article titled: “Why This Billionaire Hedge Fund Manager Wants to Break Up United Technologies” and published on May 21, 2018 is yet another important article.

Among 23 analysts covering Rockwell Collins (NYSE:COL), 5 have Buy rating, 1 Sell and 17 Hold. Therefore 22% are positive. Rockwell Collins had 74 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, November 10 with “Hold”. The company was upgraded on Monday, January 23 by Seaport Global. The firm has “Hold” rating by Jefferies given on Monday, January 8. The firm earned “Neutral” rating on Tuesday, August 15 by Citigroup. Vertical Research upgraded Rockwell Collins, Inc. (NYSE:COL) on Wednesday, August 23 to “Buy” rating. The company was maintained on Friday, April 21 by Canaccord Genuity. The firm has “Market Perform” rating given on Tuesday, January 16 by Wells Fargo. On Thursday, January 19 the stock rating was initiated by SunTrust with “Hold”. The stock of Rockwell Collins, Inc. (NYSE:COL) has “Hold” rating given on Tuesday, January 23 by RBC Capital Markets. The stock of Rockwell Collins, Inc. (NYSE:COL) has “Peer Perform” rating given on Thursday, September 7 by Wolfe Research.

Investors sentiment decreased to 0.73 in 2017 Q4. Its down 0.19, from 0.92 in 2017Q3. It worsened, as 56 investors sold COL shares while 221 reduced holdings. 57 funds opened positions while 146 raised stakes. 103.89 million shares or 8.02% less from 112.95 million shares in 2017Q3 were reported. Comerica National Bank has 52,917 shares. Fuller & Thaler Asset Mgmt owns 18 shares or 0% of their US portfolio. Telemus Capital Limited reported 0.07% in Rockwell Collins, Inc. (NYSE:COL). Janney Montgomery Scott Limited Liability stated it has 16,092 shares. Commercial Bank Of America Corporation De reported 0.01% of its portfolio in Rockwell Collins, Inc. (NYSE:COL). Prelude Ltd Liability Corp has invested 1.58% in Rockwell Collins, Inc. (NYSE:COL). Howland Capital Mngmt Ltd Liability owns 2,395 shares for 0.03% of their portfolio. Moreover, State Street Corp has 0.08% invested in Rockwell Collins, Inc. (NYSE:COL) for 7.00M shares. Stone Ridge Asset Mgmt reported 77,053 shares. First Personal Ser holds 37 shares or 0% of its portfolio. Meiji Yasuda Asset Co has invested 0.03% in Rockwell Collins, Inc. (NYSE:COL). Brown Advisory owns 33,797 shares. Mastrapasqua Asset Management has invested 0.24% of its portfolio in Rockwell Collins, Inc. (NYSE:COL). Hsbc Holdg Public Ltd owns 288,061 shares. Beese Fulmer Invest Management Inc invested in 0.33% or 11,282 shares.

Since December 18, 2017, it had 0 insider buys, and 2 sales for $3.87 million activity. $443,745 worth of Rockwell Collins, Inc. (NYSE:COL) was sold by STENSKE DOUGLAS E on Monday, December 18.

Westchester Capital Management Llc, which manages about $5.44 billion and $2.56 billion US Long portfolio, decreased its stake in American International Group Inc. (Put) (NYSE:AIG) by 617,400 shares to 697,300 shares, valued at $41.55 million in 2017Q4, according to the filing. It also reduced its holding in Cbs Corporation New (NYSE:CBS) by 232,475 shares in the quarter, leaving it with 37,225 shares, and cut its stake in American International Group Inc. (NYSE:AIG).

More news for National Oilwell Varco, Inc. (NYSE:NOV) were recently published by: Seekingalpha.com, which released: “National Oilwell Varco’s (NOV) CEO Clay Williams on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” and published on May 17, 2018 is yet another important article.

Among 35 analysts covering National Oilwell Varco (NYSE:NOV), 8 have Buy rating, 5 Sell and 22 Hold. Therefore 23% are positive. National Oilwell Varco had 124 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained the shares of NOV in report on Thursday, October 5 with “Hold” rating. Citigroup maintained National Oilwell Varco, Inc. (NYSE:NOV) rating on Thursday, October 5. Citigroup has “Neutral” rating and $36 target. The firm has “Sector Weight” rating given on Tuesday, January 5 by KeyBanc Capital Markets. Barclays Capital downgraded the stock to “Equal-Weight” rating in Wednesday, April 20 report. Piper Jaffray maintained it with “Buy” rating and $3700 target in Thursday, July 27 report. The firm earned “Buy” rating on Tuesday, February 6 by Piper Jaffray. Cowen & Co maintained National Oilwell Varco, Inc. (NYSE:NOV) rating on Thursday, February 8. Cowen & Co has “Hold” rating and $36.0 target. RBC Capital Markets maintained National Oilwell Varco, Inc. (NYSE:NOV) on Friday, January 19 with “Hold” rating. The firm earned “Underweight” rating on Tuesday, April 19 by Morgan Stanley. The firm has “Sell” rating by Societe Generale given on Wednesday, May 4.

Jolley Asset Management Llc, which manages about $208.23 million and $157.12 million US Long portfolio, upped its stake in Delta Air Lines (NYSE:DAL) by 8,479 shares to 89,246 shares, valued at $5.00 million in 2017Q4, according to the filing.

Since February 28, 2018, it had 0 insider buys, and 2 selling transactions for $1.92 million activity.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.15, from 0.85 in 2017Q3. It worsened, as 42 investors sold NOV shares while 209 reduced holdings. 52 funds opened positions while 124 raised stakes. 349.52 million shares or 0.22% more from 348.73 million shares in 2017Q3 were reported. Kbc Group Nv stated it has 36,429 shares or 0.01% of all its holdings. Enterprise Financial Serv invested in 0% or 3 shares. Ally Finance invested in 25,000 shares. Cadence Capital Management Ltd accumulated 0.03% or 14,582 shares. 12,757 are held by Virtus Advisers Inc. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 35,511 shares or 0.02% of its portfolio. Argent Trust Communications holds 10,188 shares. Rhumbline Advisers holds 0.05% in National Oilwell Varco, Inc. (NYSE:NOV) or 719,767 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.03% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Massachusetts-based S&Co has invested 0.19% in National Oilwell Varco, Inc. (NYSE:NOV). Thrivent Fin For Lutherans reported 0% stake. Jones Cos Lllp reported 9,023 shares or 0% of all its holdings. Old Second Savings Bank Of Aurora owns 2,894 shares for 0.04% of their portfolio. Moreover, Bank Of Nova Scotia has 0.01% invested in National Oilwell Varco, Inc. (NYSE:NOV). Pinnacle Associate Limited owns 30,261 shares.

Analysts await National Oilwell Varco, Inc. (NYSE:NOV) to report earnings on July, 26. They expect $0.02 EPS, up 114.29% or $0.16 from last year’s $-0.14 per share. NOV’s profit will be $7.64M for 551.38 P/E if the $0.02 EPS becomes a reality. After $-0.18 actual EPS reported by National Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -111.11% EPS growth.

National Oilwell Varco, Inc. (NYSE:NOV) Institutional Positions Chart

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