A Reversal for Esterline Technologies Corporation (NYSE:ESL) Is Near. The Stock Has Decrease in Shorts

May 26, 2018 - By Marguerite Chambers

Esterline Technologies Corporation (NYSE:ESL) Logo

Investors sentiment increased to 1.28 in 2017 Q4. Its up 0.41, from 0.87 in 2017Q3. It increased, as 16 investors sold Esterline Technologies Corporation shares while 66 reduced holdings. 37 funds opened positions while 68 raised stakes. 27.47 million shares or 1.07% more from 27.18 million shares in 2017Q3 were reported.
34,635 are held by Citigroup. Us Savings Bank De owns 1,343 shares. Kennedy Cap, Missouri-based fund reported 159,238 shares. Point72 Asia (Hong Kong) accumulated 0.02% or 388 shares. Stone Ridge Asset Ltd Llc has invested 0.02% in Esterline Technologies Corporation (NYSE:ESL). Lsv Asset Management holds 1,500 shares or 0% of its portfolio. California Employees Retirement Sys owns 0.01% invested in Esterline Technologies Corporation (NYSE:ESL) for 85,853 shares. 108,399 are owned by Primecap Mngmt Ca. Pillar Pacific Capital Mgmt Ltd Liability Corporation holds 0.03% or 3,300 shares in its portfolio. First Pacific Limited Liability reported 1.73% in Esterline Technologies Corporation (NYSE:ESL). Jpmorgan Chase Comm holds 0% of its portfolio in Esterline Technologies Corporation (NYSE:ESL) for 135,118 shares. Westwood Hldgs holds 229,377 shares. Whittier Tru has invested 0% in Esterline Technologies Corporation (NYSE:ESL). Oregon Public Employees Retirement Fund accumulated 0.02% or 10,976 shares. Paloma Prtn Management holds 11,287 shares or 0.01% of its portfolio.

Since December 14, 2017, it had 1 buy, and 0 insider sales for $72,130 activity.

The stock of Esterline Technologies Corporation (NYSE:ESL) registered a decrease of 28.37% in short interest. ESL’s total short interest was 627,800 shares in May as published by FINRA. Its down 28.37% from 876,400 shares, reported previously. With 156,400 shares average volume, it will take short sellers 4 days to cover their ESL’s short positions. The short interest to Esterline Technologies Corporation’s float is 2.11%.

The stock decreased 0.85% or $0.65 during the last trading session, reaching $75.45. About 98,806 shares traded. Esterline Technologies Corporation (NYSE:ESL) has declined 11.87% since May 26, 2017 and is downtrending. It has underperformed by 23.42% the S&P500.

Esterline Technologies Corporation designs, makes, and markets engineered products and systems primarily for aerospace and defense clients in the United States and internationally. The company has market cap of $2.22 billion. It operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials. It has a 37.26 P/E ratio. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

Esterline Technologies Corporation (NYSE:ESL) Ratings Coverage

Among 6 analysts covering Esterline Techs (NYSE:ESL), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. Esterline Techs had 10 analyst reports since November 27, 2017 according to SRatingsIntel. Bank of America maintained the shares of ESL in report on Tuesday, February 6 with “Underperform” rating. Credit Suisse maintained the shares of ESL in report on Tuesday, December 12 with “Hold” rating. The company was maintained on Monday, January 8 by Jefferies. Credit Suisse downgraded the shares of ESL in report on Friday, January 12 to “Sell” rating. Canaccord Genuity maintained it with “Hold” rating and $78.0 target in Monday, November 27 report. Credit Suisse maintained Esterline Technologies Corporation (NYSE:ESL) rating on Monday, February 5. Credit Suisse has “Underperform” rating and $72 target. SunTrust maintained Esterline Technologies Corporation (NYSE:ESL) on Monday, January 8 with “Hold” rating. The firm has “Hold” rating given on Thursday, February 1 by Jefferies. The stock of Esterline Technologies Corporation (NYSE:ESL) earned “Hold” rating by SunTrust on Friday, January 19.

More recent Esterline Technologies Corporation (NYSE:ESL) news were published by: Globenewswire.com which released: “Esterline Reports Fiscal 2018 Second Quarter Financial Results” on May 03, 2018. Also Globenewswire.com published the news titled: “Analysis: Positioning to Benefit within USA Compression Partners, LP, Kadmon, Repligen, Independent Bank, Leggett …” on May 01, 2018. Globenewswire.com‘s news article titled: “Esterline to Participate in Wells Fargo Securities Industrials Conference” with publication date: April 28, 2018 was also an interesting one.

Esterline Technologies Corporation (NYSE:ESL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.