BAE SYS PLC/S (BAESY) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of BAE SYS PLC/S (OTCMKTS:BAESY) from a hold rating to a sell rating in a research note published on Tuesday.
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. “
Several other equities analysts have also weighed in on BAESY. Bank of America lowered BAE SYS PLC/S from a buy rating to a neutral rating in a report on Tuesday, December 4th. UBS Group lowered BAE SYS PLC/S from a buy rating to a neutral rating in a report on Thursday, December 6th. Barclays raised BAE SYS PLC/S from an underweight rating to an equal weight rating in a report on Tuesday, January 15th. Finally, Sanford C. Bernstein reissued a mkt perform rating on shares of BAE SYS PLC/S in a report on Monday, February 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its position in shares of BAE SYS PLC/S by 310.0% during the fourth quarter. Quadrant Capital Group LLC now owns 6,334 shares of the aerospace company’s stock worth $144,000 after acquiring an additional 4,789 shares in the last quarter. Logan Capital Management Inc. lifted its position in shares of BAE SYS PLC/S by 6.1% during the fourth quarter. Logan Capital Management Inc. now owns 39,093 shares of the aerospace company’s stock worth $914,000 after acquiring an additional 2,257 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in shares of BAE SYS PLC/S during the third quarter worth $4,746,000. 0.32% of the stock is owned by institutional investors and hedge funds.
About BAE SYS PLC/S
BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its 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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