Zacks Investment Research upgraded shares of BAE SYS PLC/S (OTCMKTS:BAESY) from a sell rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “BAE Systems is a global company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land and at sea. BAE Systems Inc. is the US subsidiary of BAE Systems plc. Headquartered in Rockville,Maryland, BAE Systems Inc. consists of three Operating Groups that provide support and service solutions for current and future defense, intelligence, and civilian systems; design, develop and manufacture a wide range of electronic systems and subsystems for both military and commercial applications; and design, develop, produce,and provide service support of armored combat vehicles, artillery systems and intelligent munitions. “

Shares of BAESY opened at $24.75 on Monday. BAE SYS PLC/S has a 1 year low of $22.36 and a 1 year high of $36.41. The company has a quick ratio of 0.95, a current ratio of 1.03 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $24.21.

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of BAE SYS PLC/S by 52.8% in the 1st quarter. Quadrant Capital Group LLC now owns 9,680 shares of the aerospace company’s stock worth $244,000 after buying an additional 3,346 shares in the last quarter. Logan Capital Management Inc. raised its holdings in shares of BAE SYS PLC/S by 6.1% in the 4th quarter. Logan Capital Management Inc. now owns 39,093 shares of the aerospace company’s stock worth $914,000 after buying an additional 2,257 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of BAE SYS PLC/S by 20.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 681,655 shares of the aerospace company’s stock worth $17,420,000 after buying an additional 114,108 shares in the last quarter. 0.32% of the stock is owned by institutional investors and hedge funds.

BAE SYS PLC/S Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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