CIRCOR International (CIR) Stock

Circor (CIR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Urban Outfitters (URBN), OSI Systems (OSIS) and CIRCOR (CIR) are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.

Private equity firm KKR is set to acquire global pump-and-valve manufacturer Circor International in a $1.7 billion deal. Circor's Q2 2023 revenue beat estimates and was up 9.11% YoY, indicating strong growth. KKR's offer of $56 per share, along with a ticking fee, was accepted over a rival bid from Arcline Investment firm.

Circor (CIR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Circor, which already has a deal in place to be acquired by KKR, got a fresh offer from Arcline Investment this week. Circor is sticking with KKR, but did get KKR to sweeten its offer.

Private equity firm Arcline Investment Management LP said Thursday it's fully committed to its $57-a-share offer for flow-control-products company Circor International Inc. CIR, +4.25% and that it expects to get regulatory approval for the deal. “Any potential overlap with portfolio companies of Arcline represents a negligible portion of CIRCOR's business, which operates in a highly competitive and fragmented sector,” New York-based Arcline said in a statement.

Circor International Inc.'s stock CIR, +7.45% soared 9.5% premarket Wednesday, after private equity firm Arcline Investment Management LP submitted an offer for the flow-control-products company for $57 a share in cash, above the amended $51-a-share offer made by KKR & Co. Inc. KKR on Tuesday. The new offer is equal to a 12% premium over the KKR offer and a premium of about 80% over Circor's closing price on June 2, the last trading day before its announcement of a deal with KKR, Arcline said in a statement.

Shares of Circor International Inc. CIR, -0.04% surged 4.6% toward a five-year high in premarket trading Tuesday, after the flow-control-products company agreed to an amended merger deal with KKR & Co. KKR, -0.93% in which the per-share bid was raised to $51 from $49. KKR's stock slipped 0.4% ahead of the open.

Here is how Circor (CIR) and Ingersoll Rand (IR) have performed compared to their sector so far this year.