Altrius Capital Management Inc Has $9.94 Million Holdings in Bae Systems PLC $BAESY

Altrius Capital Management Inc lessened its holdings in shares of Bae Systems PLC (OTCMKTS:BAESY) by 7.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 88,967 shares of the aerospace company’s stock after selling 6,886 shares during the period. Bae Systems comprises 2.3% of Altrius Capital Management Inc’s portfolio, making the stock its 2nd largest holding. Altrius Capital Management Inc’s holdings in Bae Systems were worth $9,939,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. First Merchants Corp lifted its position in Bae Systems by 9.0% during the 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock worth $6,437,000 after buying an additional 5,144 shares in the last quarter. L & S Advisors Inc lifted its position in shares of Bae Systems by 27.2% during the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after purchasing an additional 3,562 shares in the last quarter. Ramirez Asset Management Inc. grew its stake in shares of Bae Systems by 2.9% during the second quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock valued at $7,084,000 after purchasing an additional 1,954 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of Bae Systems by 7.0% in the third quarter. Confluence Investment Management LLC now owns 12,215 shares of the aerospace company’s stock valued at $1,365,000 after purchasing an additional 802 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in Bae Systems by 8.1% in the 2nd quarter. Yousif Capital Management LLC now owns 9,238 shares of the aerospace company’s stock worth $955,000 after purchasing an additional 690 shares during the last quarter. 0.21% of the stock is owned by institutional investors.

Bae Systems Trading Down 2.9%

OTCMKTS:BAESY opened at $102.72 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.84. Bae Systems PLC has a 1-year low of $58.11 and a 1-year high of $114.90. The business’s 50-day moving average price is $99.54 and its two-hundred day moving average price is $99.49.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BAESY shares. Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Jefferies Financial Group lowered Bae Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Kepler Capital Markets raised shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bae Systems currently has a consensus rating of “Moderate Buy”.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.