Public Employees Retirement System of Ohio Lowers Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

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Public Employees Retirement System of Ohio decreased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 33,599 shares of the aerospace company’s stock after selling 2,689 shares during the period. Public Employees Retirement System of Ohio’s holdings in Spirit AeroSystems were worth $2,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Spirit AeroSystems by 5.8% during the 1st quarter. AQR Capital Management LLC now owns 4,654,106 shares of the aerospace company’s stock valued at $425,944,000 after buying an additional 255,883 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Spirit AeroSystems by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 1,113,218 shares of the aerospace company’s stock valued at $80,201,000 after buying an additional 158,183 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Spirit AeroSystems by 57.6% during the 2nd quarter. Prudential Financial Inc. now owns 938,924 shares of the aerospace company’s stock valued at $76,401,000 after buying an additional 343,033 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Spirit AeroSystems by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 846,217 shares of the aerospace company’s stock valued at $61,000,000 after buying an additional 37,859 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Spirit AeroSystems by 17.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 827,188 shares of the aerospace company’s stock valued at $75,558,000 after buying an additional 122,970 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

SPR stock traded up $0.41 during mid-day trading on Monday, hitting $84.80. The company had a trading volume of 20,104 shares, compared to its average volume of 933,589. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.59 and a beta of 1.18. Spirit AeroSystems Holdings, Inc. has a 12-month low of $64.48 and a 12-month high of $100.34. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 1.47. The company has a 50-day moving average price of $77.12 and a 200 day moving average price of $83.35.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Spirit AeroSystems had a net margin of 8.88% and a return on equity of 56.85%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 EPS. As a group, analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.83 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, September 13th. Spirit AeroSystems’s payout ratio is currently 7.67%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating and set a $84.00 target price on the stock. in a research note on Monday, July 8th. Credit Suisse Group cut shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $101.00 to $83.00 in a research note on Monday, July 15th. Jefferies Financial Group cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and lowered their target price for the company from $106.00 to $85.00 in a research note on Tuesday, July 2nd. Cowen restated a “hold” rating and set a $90.00 target price on shares of Spirit AeroSystems in a research note on Monday, July 8th. Finally, ValuEngine upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $94.43.

In other news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.58, for a total transaction of $39,790.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by corporate insiders.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.

Further Reading: Rule of 72

Want to see what other hedge funds are holding SPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit AeroSystems Holdings, Inc. (NYSE:SPR).

Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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