Bae Systems PLC (OTCMKTS:BAESY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued 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. “

A number of other brokerages also recently weighed in on BAESY. ValuEngine raised shares of Bae Systems PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. J P Morgan Chase & Co downgraded 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 three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.00.

Shares of Bae Systems PLC (OTCMKTS:BAESY) traded up 0.28% during midday trading on Tuesday, hitting $32.35. 53,713 shares of the stock were exchanged. Bae Systems PLC has a 12-month low of $25.94 and a 12-month high of $35.23.

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Large investors have recently modified their holdings of the company. Boyd Watterson Asset Management LLC OH boosted its position in shares of Bae Systems PLC by 0.5% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 7,176 shares of the aerospace company’s stock worth $236,000 after buying an additional 36 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of Bae Systems PLC by 9.2% in the second quarter. Eqis Capital Management Inc. now owns 9,499 shares of the aerospace company’s stock worth $319,000 after buying an additional 797 shares in the last quarter. Schafer Cullen Capital Management Inc. boosted its position in shares of Bae Systems PLC by 4.3% in the first quarter. Schafer Cullen Capital Management Inc. now owns 2,301,831 shares of the aerospace company’s stock worth $74,717,000 after buying an additional 93,876 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Bae Systems PLC by 23.8% in the first quarter. Parametric Portfolio Associates LLC now owns 457,587 shares of the aerospace company’s stock worth $14,853,000 after buying an additional 87,846 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its position in shares of Bae Systems PLC by 3.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 308,788 shares of the aerospace company’s stock worth $9,924,000 after buying an additional 9,700 shares in the last quarter. Institutional investors own 0.41% 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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