Bank of New York Mellon Corp Has $9.32 Million Holdings in CIRCOR International, Inc. (CIR)

Bank of New York Mellon Corp lessened its holdings in CIRCOR International, Inc. (NYSE:CIR) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,504 shares of the industrial products company’s stock after selling 1,872 shares during the quarter. Bank of New York Mellon Corp owned 1.16% of CIRCOR International worth $9,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in CIRCOR International in the 3rd quarter valued at approximately $121,000. Municipal Employees Retirement System of Michigan boosted its holdings in 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 valued at $337,000 after purchasing an additional 2,320 shares in the last quarter. Pinebridge Investments L.P. boosted its holdings in 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 valued at $1,153,000 after purchasing an additional 4,281 shares in the last quarter. Arizona State Retirement System boosted its holdings in CIRCOR International by 224.8% in the 4th quarter. Arizona State Retirement System now owns 27,732 shares of the industrial products company’s stock valued at $1,350,000 after purchasing an additional 19,194 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in CIRCOR International by 15.8% in the 4th quarter. Rhumbline Advisers now owns 40,442 shares of the industrial products company’s stock valued at $1,969,000 after purchasing an additional 5,518 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

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CIR stock opened at $42.66 on Monday. CIRCOR International, Inc. has a 12-month low of $40.58 and a 12-month high of $68.76. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.98 and a quick ratio of 1.22. The company has a market cap of $844.37, a PE ratio of 24.95 and a beta of 1.67.

CIRCOR International (NYSE:CIR) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. CIRCOR International had a net margin of 1.78% and a return on equity of 6.06%. The company had revenue of $205.58 million during the quarter, compared to the consensus estimate of $170.60 million. During the same period last year, the firm earned $0.48 EPS. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. analysts forecast that CIRCOR International, Inc. will post 2.2 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered CIRCOR International from a “hold” rating to a “sell” rating in a report on Monday, March 19th. SunTrust Banks reaffirmed a “buy” rating and issued a $56.00 price objective on shares of CIRCOR International in a report on Friday, March 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.00 price objective (down previously from $61.00) on shares of CIRCOR International in a report on Thursday, March 1st. Finally, ValuEngine lowered CIRCOR International from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Four investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $59.50.

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CIRCOR International Profile

CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Advanced Flow Solutions, and Fluid Handling. 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.

Institutional Ownership by Quarter for CIRCOR International (NYSE:CIR)

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