Todd Asset Management LLC Lowers Position in BAE Systems plc (OTCMKTS:BAESY)

Todd Asset Management LLC trimmed its position in shares of BAE Systems plc (OTCMKTS:BAESY) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,145 shares of the aerospace company’s stock after selling 15,945 shares during the quarter. Todd Asset Management LLC’s holdings in BAE Systems were worth $24,389,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BAESY. Ramirez Asset Management Inc. acquired a new position in shares of BAE Systems in the third quarter worth about $2,710,000. SVB Wealth LLC increased its stake in shares of BAE Systems by 13.0% in the 4th quarter. SVB Wealth LLC now owns 4,733 shares of the aerospace company’s stock valued at $274,000 after purchasing an additional 546 shares in the last quarter. Pacer Advisors Inc. acquired a new position in BAE Systems in the 4th quarter worth about $18,702,000. Equitable Trust Co. grew its holdings in BAE Systems by 20.9% in the third quarter. Equitable Trust Co. now owns 52,940 shares of the aerospace company’s stock valued at $2,579,000 after purchasing an additional 9,135 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of BAE Systems in the fourth quarter valued at approximately $81,000. 0.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BNP Paribas lowered BAE Systems from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,142.00.

BAE Systems Price Performance

BAESY stock traded up $1.51 during trading on Friday, hitting $68.81. The stock had a trading volume of 128,659 shares, compared to its average volume of 527,042. The company’s 50-day moving average price is $67.15 and its two-hundred day moving average price is $60.60. BAE Systems plc has a twelve month low of $46.19 and a twelve month high of $70.49. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.

BAE Systems Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, April 19th will be paid a dividend of $0.9029 per share. The ex-dividend date is Thursday, April 18th. This is a boost from BAE Systems’s previous dividend of $0.55.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.