As Hexcel Corp New (HXL) Stock Price Declined, Shareholder Ingalls & Snyder LLC Cut Its Stake by $21.24 Million

June 20, 2017 - By reb123z

Investors sentiment increased to 1.04 in Q4 2016. Its up 0.10, from 0.94 in 2016Q3. It increased, as 23 investors sold HXL shares while 107 reduced holdings. 49 funds opened positions while 86 raised stakes. 85.79 million shares or 0.30% less from 86.04 million shares in 2016Q3 were reported. Glenmede Tru Na owns 7,711 shares or 0% of their US portfolio. Capstone Advisors Ltd Llc reported 0.02% stake. Capstone Asset reported 0.01% in Hexcel Corporation (NYSE:HXL). Pnc Gru stated it has 0% in Hexcel Corporation (NYSE:HXL). Bluecrest Capital Mngmt accumulated 10,706 shares. Citadel Advsrs Limited Liability owns 83,569 shares or 0% of their US portfolio. Art Ltd reported 0.04% in Hexcel Corporation (NYSE:HXL). Blackrock Fund Advsr holds 0.02% in Hexcel Corporation (NYSE:HXL) or 1.64 million shares. Pub Employees Retirement Association Of Colorado, Colorado-based fund reported 18,431 shares. Kbc Nv owns 0% invested in Hexcel Corporation (NYSE:HXL) for 1,664 shares. Thompson Davis & Inc has 0.13% invested in Hexcel Corporation (NYSE:HXL). Aperio Gru Inc Ltd Liability Corp reported 33,248 shares stake. Prudential Financial holds 0% or 5,836 shares in its portfolio. Ny State Common Retirement Fund accumulated 986,696 shares. Solaris Asset Ltd Limited Liability Company has 0.04% invested in Hexcel Corporation (NYSE:HXL).

Since February 17, 2017, it had 0 insider buys, and 3 insider sales for $1.24 million activity. $566,940 worth of stock was sold by Pensky Wayne C on Thursday, March 2. Merlot Thierry also sold $409,966 worth of Hexcel Corporation (NYSE:HXL) on Friday, February 17.

Ingalls & Snyder Llc decreased its stake in Hexcel Corp New (HXL) by 22.47% based on its latest 2016Q4 regulatory filing with the SEC. Ingalls & Snyder Llc sold 416,562 shares as the company’s stock declined 6.01% while stock markets rallied. The institutional investor held 1.44M shares of the major chemicals company at the end of 2016Q4, valued at $73.92 million, down from 1.85M at the end of the previous reported quarter. Ingalls & Snyder Llc who had been investing in Hexcel Corp New for a number of months, seems to be less bullish one the $4.80 billion market cap company. It closed at $52.15 lastly. It is down 15.53% since June 20, 2016 and is uptrending. It has underperformed by 1.17% the S&P500.

Ingalls & Snyder Llc, which manages about $3.07 billion and $1.84B US Long portfolio, upped its stake in Chevron Corp New (NYSE:CVX) by 189,444 shares to 191,844 shares, valued at $22.58M in 2016Q4, according to the filing. It also increased its holding in United Technologies Corp (NYSE:UTX) by 226,600 shares in the quarter, for a total of 227,400 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

Wall Street await Hexcel Corporation (NYSE:HXL) to release earnings on July, 24 after the close. Analysts forecast earnings per share of $0.69, down exactly $0.01 or 1.43 % from 2014’s $0.7 EPS. The expected HXL’s profit could reach $63.51 million giving the stock 18.89 P/E in the case that $0.69 earnings per share is reported. After posting $0.60 EPS for the previous quarter, Hexcel Corporation’s analysts now forecast 15.00 % EPS growth.

More important recent Hexcel Corporation (NYSE:HXL) news were published by: Globenewswire.com which released: “Hexcel Chief Financial Officer Wayne Pensky Announces Plans to Retire at Year …” on May 08, 2017, also Seekingalpha.com published article titled: “Hexcel Corporation Poised To Excel”, Seekingalpha.com published: “The Long Case For Hexcel” on May 21, 2017. More interesting news about Hexcel Corporation (NYSE:HXL) was released by: Streetinsider.com and their article: “Hexcel Corp. (HXL) in Exclusive Negotiations to Acquire French Composites …” with publication date: June 01, 2017.

Hexcel Corporation (NYSE:HXL) Ratings Coverage

Among 9 analysts covering Hexcel (NYSE:HXL), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Hexcel had 17 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Hexcel Corporation (NYSE:HXL) earned “Buy” rating by Deutsche Bank on Monday, December 5. As per Monday, January 25, the company rating was maintained by RBC Capital Markets. As per Friday, May 26, the company rating was maintained by Jefferies. Deutsche Bank maintained the shares of HXL in report on Wednesday, October 21 with “Buy” rating. Deutsche Bank maintained Hexcel Corporation (NYSE:HXL) rating on Tuesday, August 4. Deutsche Bank has “Buy” rating and $55 target. As per Monday, January 4, the company rating was downgraded by Goldman Sachs. The firm earned “Neutral” rating on Friday, July 29 by Bank of America. Credit Suisse initiated it with “Neutral” rating and $44 target in Friday, January 22 report. On Friday, September 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating by Bank of America given on Monday, February 6.

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