Arizona State Retirement System lowered its position in B/E Aerospace Inc. (NASDAQ:BEAV) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,054 shares of the company’s stock after selling 300 shares during the period. Arizona State Retirement System’s holdings in B/E Aerospace were worth $2,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted its position in B/E Aerospace by 2.2% in the first quarter. Legal & General Group Plc now owns 398,710 shares of the company’s stock worth $18,388,000 after buying an additional 8,629 shares during the period. Envestnet Asset Management Inc. boosted its position in B/E Aerospace by 4.9% in the first quarter. Envestnet Asset Management Inc. now owns 29,697 shares of the company’s stock worth $1,370,000 after buying an additional 1,385 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in B/E Aerospace by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 97,523 shares of the company’s stock worth $4,498,000 after buying an additional 560 shares during the period. Squarepoint Ops LLC bought a new position in B/E Aerospace during the first quarter worth $668,000. Finally, BNP Paribas Arbitrage SA boosted its position in B/E Aerospace by 3,669.1% in the second quarter. BNP Paribas Arbitrage SA now owns 88,008 shares of the company’s stock worth $4,063,000 after buying an additional 85,673 shares during the period. Institutional investors own 98.91% of the company’s stock.

Institutional Ownership by Quarter for B/E Aerospace (NASDAQ:BEAV)

Shares of B/E Aerospace Inc. (NASDAQ:BEAV) traded down 0.23% during midday trading on Monday, reaching $59.65. The company’s stock had a trading volume of 1,512,566 shares. B/E Aerospace Inc. has a 12 month low of $36.38 and a 12 month high of $60.29. The stock has a market capitalization of $6.06 billion, a P/E ratio of 18.18 and a beta of 0.90. The stock’s 50-day moving average is $56.90 and its 200 day moving average is $50.48.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 21st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. B/E Aerospace’s dividend payout ratio is 25.53%.

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BEAV has been the subject of a number of analyst reports. KeyCorp reissued a “buy” rating and issued a $56.00 price target on shares of B/E Aerospace in a report on Wednesday, September 28th. Zacks Investment Research upgraded B/E Aerospace from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Wednesday, October 26th. Citigroup Inc. upped their target price on B/E Aerospace from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 10th. Vertical Research initiated coverage on B/E Aerospace in a research note on Friday, October 28th. They issued a “hold” rating for the company. Finally, Credit Suisse Group AG lowered B/E Aerospace from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 25th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. B/E Aerospace has an average rating of “Hold” and a consensus price target of $56.25.

B/E Aerospace Company Profile

B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services to various airlines and aerospace manufacturers across the world. It operates through two segments: commercial aircraft (CAS) and business jet (BJS).

5 Day Chart for NASDAQ:BEAV

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