Teton Advisors Inc. trimmed its holdings in CIRCOR International, Inc. (NYSE:CIR) by 16.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,466 shares of the industrial products company’s stock after selling 43,520 shares during the period. CIRCOR International accounts for about 1.0% of Teton Advisors Inc.’s portfolio, making the stock its 15th biggest holding. Teton Advisors Inc. owned approximately 1.12% of CIRCOR International worth $10,279,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Comerica Bank lifted its position in shares of CIRCOR International by 2.7% in the first quarter. Comerica Bank now owns 19,522 shares of the industrial products company’s stock valued at $697,000 after buying an additional 517 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of CIRCOR International during the second quarter worth approximately $31,000. SG Americas Securities LLC increased its stake in shares of CIRCOR International by 22.3% during the second quarter. SG Americas Securities LLC now owns 9,070 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 1,653 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of CIRCOR International by 248.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,848 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 2,744 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of CIRCOR International by 49.6% during the first quarter. Nisa Investment Advisors LLC now owns 12,060 shares of the industrial products company’s stock worth $393,000 after purchasing an additional 4,000 shares during the period.
Shares of NYSE CIR traded up $1.12 during trading hours on Friday, reaching $35.91. 149,900 shares of the stock were exchanged, compared to its average volume of 268,346. The stock’s fifty day simple moving average is $40.42 and its 200 day simple moving average is $36.76. CIRCOR International, Inc. has a 52 week low of $19.73 and a 52 week high of $48.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.35 and a current ratio of 2.24. The firm has a market capitalization of $692.49 million, a price-to-earnings ratio of 17.66 and a beta of 2.09.
A number of equities analysts have recently weighed in on CIR shares. Sidoti upgraded CIRCOR International from a “neutral” rating to a “buy” rating in a research note on Thursday, July 18th. Stifel Nicolaus upgraded CIRCOR International from a “hold” rating to a “buy” rating and lowered their target price for the stock from $50.00 to $47.00 in a research note on Sunday, August 4th. ValuEngine lowered CIRCOR International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. TheStreet upgraded CIRCOR International from a “d+” rating to a “c-” rating in a research note on Friday, May 31st. Finally, Zacks Investment Research upgraded CIRCOR International from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $48.75.
CIRCOR International Company Profile
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. 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.
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