Sterling Capital Management LLC Acquires Shares of 9,874 Bae Systems PLC $BAESY

Sterling Capital Management LLC bought a new position in shares of Bae Systems PLC (OTCMKTS:BAESY) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,874 shares of the aerospace company’s stock, valued at approximately $1,146,000.

A number of other large investors have also added to or reduced their stakes in the business. Arrow Capital Pty Ltd acquired a new stake in Bae Systems during the 3rd quarter valued at $5,531,000. Altrius Capital Management Inc lifted its position in Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after acquiring an additional 4,911 shares during the last quarter. Ramirez Asset Management Inc. boosted its holdings in shares of Bae Systems by 6.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after acquiring an additional 4,527 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Bae Systems during the fourth quarter worth approximately $250,000. Finally, L & S Advisors Inc grew its position in shares of Bae Systems by 14.1% in the fourth quarter. L & S Advisors Inc now owns 21,507 shares of the aerospace company’s stock valued at $1,998,000 after purchasing an additional 2,662 shares during the last quarter. Institutional investors own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BAESY shares. Erste Group Bank cut Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Finally, Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Bae Systems Stock Up 2.0%

OTCMKTS BAESY opened at $97.95 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $104.50 and a 200-day moving average of $108.42. Bae Systems PLC has a 1-year low of $84.50 and a 1-year high of $126.00.

Bae Systems Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.