NorthCoast Asset Management LLC bought a new position in BAE Systems PLC (OTCMKTS:BAESY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 56,982 shares of the aerospace company’s stock, valued at approximately $1,767,000.
Separately, Parametric Portfolio Associates LLC boosted its holdings in BAE Systems by 7.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 543,682 shares of the aerospace company’s stock worth $18,757,000 after acquiring an additional 39,716 shares during the last quarter. Institutional investors own 0.45% of the company’s stock.
BAE Systems PLC (BAESY) traded up $0.45 during midday trading on Wednesday, hitting $32.54. 96,486 shares of the stock traded hands, compared to its average volume of 247,499. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.87 and a current ratio of 0.98. BAE Systems PLC has a one year low of $28.51 and a one year high of $35.23.
BAESY has been the topic of several recent analyst reports. Zacks Investment Research cut shares of BAE Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. UBS Group raised BAE Systems from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. BAE Systems presently has a consensus rating of “Buy” and an average price target of $38.00.
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BAE Systems Profile
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
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