Northern Trust Corp Grows Stake in Engility Holdings Inc (EGL)

Northern Trust Corp grew its stake in shares of Engility Holdings Inc (NYSE:EGL) by 1.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 237,477 shares of the aerospace company’s stock after acquiring an additional 4,406 shares during the period. Northern Trust Corp owned about 0.64% of Engility worth $7,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in Engility by 12.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,143,210 shares of the aerospace company’s stock worth $35,028,000 after buying an additional 123,624 shares during the period. Boston Partners boosted its holdings in Engility by 1.7% in the 2nd quarter. Boston Partners now owns 688,872 shares of the aerospace company’s stock worth $21,107,000 after buying an additional 11,476 shares during the period. Principal Financial Group Inc. boosted its holdings in Engility by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 135,293 shares of the aerospace company’s stock worth $3,301,000 after buying an additional 3,211 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Engility by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 94,166 shares of the aerospace company’s stock worth $2,886,000 after buying an additional 3,060 shares during the period. Finally, IndexIQ Advisors LLC boosted its holdings in Engility by 10.0% in the 2nd quarter. IndexIQ Advisors LLC now owns 89,647 shares of the aerospace company’s stock worth $2,747,000 after buying an additional 8,132 shares during the period. 88.93% of the stock is owned by institutional investors.

Shares of NYSE:EGL opened at $31.19 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.23. Engility Holdings Inc has a one year low of $21.19 and a one year high of $38.54. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 3.00 and a beta of 2.00.



Engility (NYSE:EGL) last announced its quarterly earnings results on Wednesday, October 31st. The aerospace company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Engility had a negative net margin of 1.94% and a positive return on equity of 11.86%. The firm had revenue of $471.20 million during the quarter, compared to the consensus estimate of $470.87 million. During the same period last year, the firm earned $0.26 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities analysts expect that Engility Holdings Inc will post 2.1 earnings per share for the current fiscal year.

Several brokerages have commented on EGL. Cowen set a $36.00 price target on shares of Engility and gave the company a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research raised shares of Engility from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Thursday, November 1st. B. Riley raised their price target on shares of Engility from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Noble Financial downgraded shares of Engility from a “buy” rating to a “hold” rating and set a $37.00 price target for the company. in a report on Thursday, August 2nd. Finally, ValuEngine raised shares of Engility from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.00.

WARNING: “Northern Trust Corp Grows Stake in Engility Holdings Inc (EGL)” was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://dakotafinancialnews.com/2018/11/16/northern-trust-corp-grows-stake-in-engility-holdings-inc-egl.html.

About Engility

Engility Holdings, Inc, together with its subsidiaries, provides a range of technical services to the U.S. Department of Defense, U.S. Department of Justice, U.S. Department of State, Federal Aviation Administration, Department of Homeland Security, and space-related and intelligence community agencies.

See Also: What is a closed-end mutual fund (CEF)?

Institutional Ownership by Quarter for Engility (NYSE:EGL)

Receive News & Ratings for Engility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Engility and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply