Berenberg Bank downgraded shares of Bae Systems PLC (OTCMKTS:BAESY) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Several other research analysts have also weighed in on BAESY. Zacks Investment Research upgraded shares of Bae Systems PLC from a hold rating to a buy rating and set a $36.00 price objective on the stock in a research note on Wednesday, September 13th. J P Morgan Chase & Co lowered shares of Bae Systems PLC from an overweight rating to a neutral rating in a research note on Friday, June 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Bae Systems PLC currently has a consensus rating of Hold and a consensus price target of $36.00.

Bae Systems PLC (OTCMKTS:BAESY) opened at 33.43 on Tuesday. Bae Systems PLC has a 12 month low of $25.94 and a 12 month high of $35.23.

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The company also recently declared a None dividend, which will be paid on Thursday, December 7th. Stockholders of record on Friday, October 20th will be paid a dividend of $0.437 per share. The ex-dividend date is Thursday, October 19th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Schafer Cullen Capital Management Inc. grew its position in Bae Systems PLC by 4.3% in the second quarter. Schafer Cullen Capital Management Inc. now owns 2,400,486 shares of the aerospace company’s stock worth $80,512,000 after acquiring an additional 98,655 shares in the last quarter. Logan Capital Management Inc. increased its stake in shares of Bae Systems PLC by 1.7% during the 2nd quarter. Logan Capital Management Inc. now owns 30,395 shares of the aerospace company’s stock worth $1,001,000 after purchasing an additional 503 shares during the last quarter. Ranger International Management LP acquired a new position in shares of Bae Systems PLC during the 2nd quarter worth $500,000. Parametric Portfolio Associates LLC raised its holdings in shares of Bae Systems PLC by 10.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 506,764 shares of the aerospace company’s stock valued at $16,997,000 after purchasing an additional 49,177 shares in the last quarter. Finally, Geneva Advisors LLC bought a new position in shares of Bae Systems PLC during the 2nd quarter valued at $860,000. Hedge funds and other institutional investors own 0.43% of the company’s stock.

About Bae Systems PLC

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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