The UBS Oconnor LLC Takes Position in Hexcel Corp. (HXL)

The UBS Oconnor LLC Takes Position in Hexcel Corp. (HXL)

UBS Oconnor LLC acquired a new stake in Hexcel Corp. (NYSE:HXL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,483 shares of the company’s stock, valued at approximately $1,971,000.

A number of other large investors have also recently bought and sold shares of the company. Trillium Asset Management LLC boosted its stake in Hexcel Corp. by 32.9% in the third quarter. Trillium Asset Management LLC now owns 334,444 shares of the company’s stock valued at $14,816,000 after buying an additional 82,851 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Hexcel Corp. by 2.2% in the third quarter. UBS Asset Management Americas Inc. now owns 78,814 shares of the company’s stock valued at $3,492,000 after buying an additional 1,700 shares during the last quarter. BRYN MAWR TRUST Co boosted its stake in Hexcel Corp. by 1.9% in the third quarter. BRYN MAWR TRUST Co now owns 100,693 shares of the company’s stock valued at $4,461,000 after buying an additional 1,898 shares during the last quarter. Channing Capital Management LLC boosted its stake in Hexcel Corp. by 2.5% in the third quarter. Channing Capital Management LLC now owns 1,147,083 shares of the company’s stock valued at $50,816,000 after buying an additional 28,411 shares during the last quarter. Finally, Nelson Roberts Investment Advisors LLC boosted its stake in Hexcel Corp. by 1.6% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 91,563 shares of the company’s stock valued at $4,056,000 after buying an additional 1,435 shares during the last quarter. Institutional investors own 98.15% of the company’s stock.

Shares of Hexcel Corp. (NYSE:HXL) traded up 1.12% during mid-day trading on Thursday, reaching $51.39. The company’s stock had a trading volume of 673,840 shares. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 20.01 and a beta of 0.99. The firm’s 50 day moving average price is $51.81 and its 200-day moving average price is $46.36. Hexcel Corp. has a 1-year low of $37.54 and a 1-year high of $55.11.

Hexcel Corp. (NYSE:HXL) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $500.50 million for the quarter, compared to analyst estimates of $494.26 million. Hexcel Corp. had a net margin of 12.30% and a return on equity of 19.47%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. On average, analysts predict that Hexcel Corp. will post $2.57 EPS for the current year.

Several equities research analysts recently issued reports on HXL shares. Zacks Investment Research cut Hexcel Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Vertical Research began coverage on Hexcel Corp. in a report on Friday, October 28th. They issued a “buy” rating and a $51.00 price objective on the stock. Aegis began coverage on Hexcel Corp. in a report on Monday, November 21st. They set a “buy” rating and a $59.00 target price on the stock. Vertical Group restated a “buy” rating and set a $55.00 target price (up from $52.00) on shares of Hexcel Corp. in a report on Friday, December 16th. Finally, Deutsche Bank AG boosted their target price on Hexcel Corp. from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 5th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.73.

In other news, EVP Robert George Hennemuth sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $50.00, for a total value of $400,000.00. Following the sale, the executive vice president now directly owns 64,427 shares in the company, valued at $3,221,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy Swords sold 16,699 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $45.01, for a total transaction of $751,621.99. Following the completion of the sale, the insider now owns 15,383 shares in the company, valued at $692,388.83. The disclosure for this sale can be found here. Insiders sold 26,699 shares of company stock worth $1,255,622 over the last quarter. Company insiders own 1.80% of the company’s stock.

Hexcel Corp. Company Profile

Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.

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