First Pacific Advisors Llc Decreased Esterline Technologies Corp (NYSE:ESL) Stake By $20.84 Million

February 14, 2018 - By Nellie Frank

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.56, from 1.43 in 2017Q2. It dropped, as 26 investors sold ESL shares while 71 reduced holdings. 32 funds opened positions while 52 raised stakes. 27.18 million shares or 1.41% less from 27.56 million shares in 2017Q2 were reported. State Street Corporation has invested 0.01% in Esterline Technologies Corporation (NYSE:ESL). Ubs Asset Americas Incorporated holds 0% in Esterline Technologies Corporation (NYSE:ESL) or 19,346 shares. Barrow Hanley Mewhinney Strauss Ltd Company, a Texas-based fund reported 86,371 shares. 67,340 are held by Invesco Ltd. Point72 Asia (Hong Kong) has invested 0.01% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). M&T Commercial Bank reported 0% stake. Moreover, Ahl Llp has 0.07% invested in Esterline Technologies Corporation (NYSE:ESL). Natixis owns 0% invested in Esterline Technologies Corporation (NYSE:ESL) for 5,063 shares. Amer Century Companies invested 0% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). Pillar Pacific Capital Ltd Liability Corporation owns 3,400 shares. Ing Groep Nv owns 3,231 shares. Retail Bank Of New York Mellon Corp owns 322,100 shares. Weaver C Barksdale Associate holds 127 shares or 0.01% of its portfolio. Geode Capital Mngmt Ltd Liability Corp holds 0.01% or 230,599 shares in its portfolio. Aqr Mngmt Llc stated it has 0.07% in Esterline Technologies Corporation (NYSE:ESL).

Since September 29, 2017, it had 1 insider purchase, and 3 selling transactions for $6.61 million activity. Etter Delores M also bought $72,130 worth of Esterline Technologies Corporation (NYSE:ESL) shares. $2.99 million worth of Esterline Technologies Corporation (NYSE:ESL) was sold by ATWOOD J RICHARD on Thursday, October 26.

Robert Rodriguez decreased its stake in Esterline Technologies Corp (NYSE:ESL) by 8.35% based on its latest 2017Q4 regulatory filing with the SEC. First Pacific Advisors Llc sold 281,586 shares as the company’s stock rose 3.62% with the market. The hedge fund run by Robert Rodriguez held 3.09M shares of the industrial machinery and components company at the end of 2017Q4, valued at $230.90 million, down from 3.37M at the end of the previous reported quarter. First Pacific Advisors Llc who had been investing in Esterline Technologies Corp for a number of months, seems to be less bullish one the $2.11B market cap company. The stock increased 1.21% or $0.85 during the last trading session, reaching $70.95. About 283,387 shares traded. Esterline Technologies Corporation (NYSE:ESL) has risen 43.50% since February 14, 2017 and is uptrending. It has outperformed by 26.80% the S&P500.

First Pacific Advisors Llc is a California-based hedge fund that was founded by Robert Rodriguez And Steven Romick. It had more than $28.26 billion assets under management in July, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from First Pacific Advisors latest Adv, the fund reported to have 75 full and part-time employees. Among which 29 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Esterline Technologies Corporation (NYSE:ESL) Ratings Coverage

Among 13 analysts covering Esterline Techs (NYSE:ESL), 0 have Buy rating, 3 Sell and 10 Hold. Therefore 0 are positive. Esterline Techs has $120 highest and $61 lowest target. $81.22’s average target is 14.47% above currents $70.95 stock price. Esterline Techs had 46 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Wednesday, April 19. Wells Fargo downgraded the shares of ESL in report on Friday, February 5 to “Market Perform” rating. The stock of Esterline Technologies Corporation (NYSE:ESL) earned “Neutral” rating by Goldman Sachs on Monday, May 9. SunTrust maintained it with “Hold” rating and $78.0 target in Friday, January 19 report. On Friday, September 4 the stock rating was maintained by ACI Research with “”. The stock of Esterline Technologies Corporation (NYSE:ESL) earned “Hold” rating by Drexel Hamilton on Friday, November 10. The rating was downgraded by Credit Suisse on Friday, August 4 to “Neutral”. The rating was downgraded by Drexel Hamilton to “Hold” on Thursday, February 4. The stock of Esterline Technologies Corporation (NYSE:ESL) has “Hold” rating given on Friday, August 4 by Canaccord Genuity. The stock has “Sell” rating by Goldman Sachs on Thursday, August 10.

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 $2.11 billion. It operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials. It has a 31.74 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.

More news for Esterline Technologies Corporation (NYSE:ESL) were recently published by: Seekingalpha.com, which released: “Esterline Technologies (ESL) Q4 2017 Results – Earnings Call Transcript” on November 10, 2017. Seekingalpha.com‘s article titled: “Esterline Technologies Crushed After Earnings Call” and published on November 14, 2017 is yet another important article.

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