BAE SYS PLC/S (OTCMKTS:BAESY) Upgraded at Zacks Investment Research
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. “
Separately, Sanford C. Bernstein reissued a “mkt perform” rating on shares of BAE SYS PLC/S in a report on Monday, February 25th. Six research analysts have rated the stock with a hold rating, BAE SYS PLC/S currently has an average rating of “Hold”.
Several large investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its position in shares of BAE SYS PLC/S by 20.1% during the first quarter. Parametric Portfolio Associates LLC now owns 681,655 shares of the aerospace company’s stock worth $17,420,000 after acquiring an additional 114,108 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of BAE SYS PLC/S during the first quarter worth about $1,193,000. Sit Investment Associates Inc. bought a new position in shares of BAE SYS PLC/S during the first quarter worth about $999,000. Logan Capital Management Inc. grew its position in 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 valued at $914,000 after buying an additional 2,257 shares in the last quarter. Finally, Hancock Whitney Corp bought a new position in BAE SYS PLC/S in the 1st quarter valued at about $248,000. 0.32% of the stock is currently owned by institutional investors.
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.
Read More: Hold Rating
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