JPMorgan Chase & Co. Has $90.37 Million Position in Hexcel Co. (NYSE:HXL)

JPMorgan Chase & Co. raised its position in Hexcel Co. (NYSE:HXL - Get Rating) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,535,528 shares of the aerospace company's stock after acquiring an additional 21,132 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.82% of Hexcel worth $90,365,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HXL. Alliancebernstein L.P. lifted its stake in Hexcel by 58.1% in the third quarter. Alliancebernstein L.P. now owns 6,160,587 shares of the aerospace company's stock valued at $318,626,000 after acquiring an additional 2,263,252 shares during the last quarter. Boston Partners raised its position in shares of Hexcel by 15.1% in the third quarter. Boston Partners now owns 3,799,982 shares of the aerospace company's stock valued at $196,571,000 after purchasing an additional 498,461 shares during the period. BlackRock Inc. raised its position in shares of Hexcel by 6.0% in the first quarter. BlackRock Inc. now owns 8,420,295 shares of the aerospace company's stock valued at $500,755,000 after purchasing an additional 475,375 shares during the period. State Street Corp raised its position in shares of Hexcel by 11.2% in the first quarter. State Street Corp now owns 3,409,631 shares of the aerospace company's stock valued at $202,771,000 after purchasing an additional 344,711 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of Hexcel by 272.1% in the second quarter. Citadel Advisors LLC now owns 433,360 shares of the aerospace company's stock valued at $22,669,000 after purchasing an additional 316,896 shares during the period. Institutional investors and hedge funds own 97.87% of the company's stock.

HXL has been the topic of a number of recent research reports. Royal Bank of Canada raised their price target on shares of Hexcel from $65.00 to $70.00 in a research report on Wednesday, April 26th. StockNews.com initiated coverage on shares of Hexcel in a research report on Thursday, May 18th. They set a "hold" rating on the stock. Wells Fargo & Company lowered their price target on shares of Hexcel from $76.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 22nd. BMO Capital Markets raised their target price on shares of Hexcel from $65.00 to $73.00 and gave the company a "market perform" rating in a report on Thursday, February 9th. Finally, Barclays raised their target price on shares of Hexcel from $64.00 to $80.00 in a report on Tuesday, May 2nd. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $70.00.

NYSE:HXL opened at $72.58 on Wednesday. The firm's 50 day simple moving average is $70.33 and its 200 day simple moving average is $66.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.78 and a quick ratio of 1.56. Hexcel Co. has a one year low of $47.38 and a one year high of $75.47. The company has a market cap of $6.12 billion, a PE ratio of 41.01 and a beta of 1.23.

Hexcel (NYSE:HXL - Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The aerospace company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.12. The company had revenue of $457.70 million during the quarter, compared to analyst estimates of $431.53 million. Hexcel had a net margin of 9.19% and a return on equity of 8.73%. Hexcel's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. On average, research analysts anticipate that Hexcel Co. will post 1.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, May 4th. This represents a $0.50 dividend on an annualized basis and a yield of 0.69%. Hexcel's dividend payout ratio (DPR) is presently 28.25%.

Hexcel Corp. engages in the development, manufacture, and marketing of lightweight structural materials. It operates through the Composite Materials and Engineered Products segments. The Composite Materials segment includes carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles.

Want to see what other hedge funds are holding HXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hexcel Co. (NYSE:HXL - Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Hexcel, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hexcel wasn't on the list.

While Hexcel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.