Stock Monitor: Chase Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 26, 2018 / Active-Investors.com has just released a free research report on Parker-Hannifin Corp. (NYSE: PH). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PH as the Company's latest news hit the wire. On April 24, 2018, the Company announced that Parker Aerospace's joint venture (JV) Company, Aerospace Component Engineering Services Pte Ltd ("ACE Services"), has received the Japan Civil Aviation Bureau (JCAB) certification. Parker Aerospace is a business vertical of Parker-Hannifin, while ACE Services is a hydraulics repair facility in Singapore and a JV formed between Parker Aerospace and SIA Engineering Co., Ltd. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Chase Corporation (NYSE American: CCF), which also belongs to the Industrial Goods sector as the Company Parker-Hannifin. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Parker-Hannifin most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Quotes from Management
Commenting on getting the JCAB certification, Brian Hunter, General Manager of ACE Services, said:
"Achieving the JCAB certification is a significant milestone for ACE Services. It allows us to offer our Japanese customers a value-added service that will reduce total lead time and cost. The certification also allows us to extend our reach into the Asia/Pacific market, and is yet another marker of the high quality that ACE Services offers its customers."
Austin Major, Vice President of Parker Aerospace Customer Support Operations, added:
"By achieving JCAB certification, ACE Services is now even more customer-centric, a move that reflects our global-reach, local-focus strategy for maintenance, repair, and overhaul."
Benefits of the JCAB Certification
ACE Services has already obtained certifications from major aviation authorities, including Civil Aviation Authority of Singapore (CAAS), Federal Aviation Administration (FAA), European Aviation Safety Agency (EASA), Civil Aviation Authority of China (CAAC), and Civil Aviation authorities of Malaysia, Thailand, Indonesia, and Vietnam. By getting the JCAB Certification, ACE Services can now repair and release flight critical equipment with full JCAB approval to Japanese operators and aggregators. The Certification will help these operators to reduce lead time, which will result in added operational efficiencies for them.
The certification is also in-line with Parker Aerospace's vision of expanding and strengthening its presence and customer base in the Asia/Pacific region.
About Aerospace Component Engineering Services Pte Ltd
ACE Services is a leading hydro-mechanical maintenance, repair, and overhaul (MRO) solutions provider in the Asia/Pacific region. ACE Services was formed in 2005 and is located at the doorstep of Singapore Changi International Airport. ACE Services is the result of a JV between Parker Aerospace and SIA Engineering, the latter being a part of SIAEC Group. Parker Aerospace is a global provider of flight control actuation, hydraulic, fuel, inerting, fluid conveyance, pneumatic, and lubrication systems and components used on virtually every commercial and military aerospace platform. The SIAEC Group provides extensive MRO services to 80+ international airlines worldwide.
ACE Services is Parker Aerospace's Centre of Excellence in the Asia/Pacific region and is also a Boeing-approved repair center. ACE Services specializes in the repair and overhaul of flight control actuators, power control units, thrust reverser, landing gear actuators, valves, and pumps for the Boeing 737, 747, 757, 777, 787, and Airbus A319, A320, A330, and A380. The Company has a highly qualified engineering and operations team with extensive knowledge in the repair and overhaul of hydraulic components. In addition to Parker Aerospace products, the Company has the capability to repair hydro-mechanical components from other original equipment manufacturers (OEMs). ACE Services currently supports more than 70 international airlines and other MRO customers in the region.
About Parker-Hannifin Corp.
Cleveland, Ohio-based Parker-Hannifin is a Fortune 250 global leader in motion and control technologies. The Company's business is divided into six major Groups - Aerospace Group, Engineered Materials Group, Filtration Group, Fluid Connectors Group, Instrumentation Group, and Motion Systems Group. The Company's global presence spans 55 countries with 100 divisions and 336 manufacturing locations. The Company completed 100 years of operations in March 2017.
Stock Performance Snapshot
April 25, 2018 - At Wednesday's closing bell, Parker-Hannifin's stock climbed 3.01%, ending the trading session at $168.27.
Volume traded for the day: 1.82 million shares, which was above the 3-month average volume of 1.22 million shares.
Stock performance in the past twelve-month period - up 1.85%.
After yesterday's close, Parker-Hannifin's market cap was at $22.65 billion.
Price to Earnings (P/E) ratio was at 19.71.
The stock has a dividend yield of 1.57%.
The stock is part of the Industrial Goods sector, categorized under the Industrial Equipment & Components industry. This sector was flat at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.