November 23, 2016 - By Clifton Ray
Circor International Inc’s VP – Business Development, Arjun Sharma, sold 762 shares of stock in the Massachusetts-based company. The shares average cost was $62.0, for aggregate deal sum of $47,244 U.S Dollars. Arjun is trying to silently decrease his company’s share, same as he did in the last 30 days. He sold another 1,131 shares worth $69,500 USD. Currently, Arjun Sharma owns 10,985 shares which are equivalent to precisely 0.07% of the Company’s total market cap. This specific deal occurred on November 23, 2016 and was submitted with the D.C. based-SEC. The public document is obtainable for free here.
Out of 5 analysts covering CIRCOR International (NYSE:CIR), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. $68 is the highest target while $41 is the lowest. The $51.50 average target is -17.44% below today’s ($62.38) stock price. CIRCOR International has been the topic of 9 analyst reports since November 3, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Suntrust Robinson on Tuesday, November 3. The company was downgraded on Thursday, April 14 by SunTrust. The firm has “Buy” rating by Stifel Nicolaus given on Monday, October 17. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Tuesday, September 20. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Monday, October 17 report. The stock of CIRCOR International, Inc. (NYSE:CIR) earned “Neutral” rating by SunTrust on Tuesday, November 3. Seaport Global downgraded the shares of CIR in a report on Wednesday, March 9 to “Accumulate” rating. The firm has “Buy” rating given on Monday, May 2 by Stifel Nicolaus.
Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.19, from 0.93 in 2016Q1. The ratio improved, as 7 funds sold all CIRCOR International, Inc. shares owned while 47 reduced positions. 12 funds bought stakes while 38 increased positions. They now own 14.95 million shares or 8.83% less from 16.40 million shares in 2016Q1.
Tower Research Capital Ltd Liability (Trc) has 1,052 shares for 0.01% of their US portfolio. Principal Gru has 115,552 shares for 0.01% of their US portfolio. Barclays Public Llc has 1,098 shares for 0% of their US portfolio. Lapides Asset Ltd Limited Liability Company holds 76,700 shares or 0.81% of its portfolio. Inv Counselors Of Maryland Ltd Llc, a Maryland-based fund reported 344,139 shares. Goldman Sachs Grp Inc holds 3,714 shares or 0% of its portfolio. Moreover, Fmr Limited Liability Company has 0% invested in CIRCOR International, Inc. (NYSE:CIR) for 215,565 shares. Benjamin F Edwards And Communication accumulated 100 shares or 0% of the stock. Blackrock Institutional Company Na reported 417,257 shares or 0% of all its holdings. Springbok Mngmt Ltd Co holds 351 shares or 0% of its portfolio. Rhumbline Advisers has invested 0% of its portfolio in CIRCOR International, Inc. (NYSE:CIR). Morgan Stanley accumulated 0% or 1,764 shares. Hanseatic Mngmt, a New Mexico-based fund reported 58 shares. State Street accumulated 0% or 325,361 shares. Macquarie Group Inc Ltd holds 0.04% of its portfolio in CIRCOR International, Inc. (NYSE:CIR) for 335,997 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 3 insider sales for $271,376 net activity. HAYES DOUGLAS M sold 10,000 shares worth $574,300. Shares for $69,500 were sold by Sharma Arjun on Thursday, November 17. 297 shares were sold by Andrew Clyde Farnsworth, worth $18,366 on Friday, November 11.
About 87,689 shares traded hands. CIRCOR International, Inc. (NYSE:CIR) has risen 25.28% since April 20, 2016 and is uptrending. It has outperformed by 20.73% the S&P500.
CIRCOR International, Inc. designs, makes and markets engineered products and sub-systems, which are used in the gas and oil, power generation, aerospace, defense and other industrial markets. The company has a market cap of $1.03 billion. The Firm operates through two divisions: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense). It has a 53.66 P/E ratio. The Company’s Energy segment provides engineered integrated flow control solutions, valves and services in the gas and oil, and power generation industries.
According to Zacks Investment Research, “CIRCOR International, Inc. designs, manufactures and distributes valves and related products and services for use in a wide range of applications to optimize the efficiency or ensure the safety of fluid-control systems. The valves and related fluid-control products we manufacture are used in processing industries; oil and gas production, pipeline construction and maintenance; aerospace, military and commercial aircraft; pharmaceutical, medical and analytical equipment; and maritime manufacturing and maintenance.”
More important recent CIRCOR International, Inc. (NYSE:CIR) news were published by: Marketwatch.com which released: “Circor downgraded to reduce from neutral at SunTrust RH” on July 23, 2009, also Nasdaq.com published article titled: “CIRCOR International, Inc. (CIR) Ex-Dividend Date Scheduled for November 16, 2016”, Quotes.Wsj.com published: “News Circor International Inc.CIR” on February 11, 2011. More interesting news about CIRCOR International, Inc. (NYSE:CIR) was released by: Seekingalpha.com and their article: “CIRCOR International, Inc.’s (CIR) CEO Scott Buckhout on Q3 2016 Results ..” with publication date: October 29, 2016.
CIRCOR International, Inc. (CIRCOR), incorporated on July 1, 1999, designs, makes and markets engineered products and sub-systems, which are used in the gas and oil, power generation, aerospace, defense and other industrial markets. The Firm operates through two divisions: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense). The Firm manages a portfolio of flow control and actuation products, sub-systems and technologies. It operates approximately 20 manufacturing facilities that are located in the United States, Western Europe, Morocco, India and the People’s Republic of China. The Firm sells its products through approximately 700 distributors or representatives and directly to end use customers.
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By Clifton Ray