Principal Street Partners LLC Lowers Holdings in BAE Systems plc (OTCMKTS:BAESY)

Principal Street Partners LLC reduced its stake in shares of BAE Systems plc (OTCMKTS:BAESY) by 49.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,859 shares of the aerospace company’s stock after selling 8,769 shares during the quarter. Principal Street Partners LLC’s holdings in BAE Systems were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sit Investment Associates Inc. lifted its position in shares of BAE Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after buying an additional 2,285 shares in the last quarter. Ramirez Asset Management Inc. boosted its position in shares of BAE Systems by 3.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after acquiring an additional 2,211 shares during the last quarter. Altrius Capital Management Inc boosted its position in shares of BAE Systems by 3.3% during the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after acquiring an additional 3,662 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in shares of BAE Systems in the fourth quarter valued at $26,000. Institutional investors own 0.21% of the company’s stock.

BAE Systems Trading Up 0.7%

OTCMKTS BAESY opened at $95.60 on Tuesday. The company’s 50-day simple moving average is $88.59 and its two-hundred day simple moving average is $72.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems plc has a one year low of $56.19 and a one year high of $98.07.

BAE Systems Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, April 22nd will be paid a $1.0442 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from BAE Systems’s previous dividend of $0.63.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Berenberg Bank lowered BAE Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BAE Systems in a research report on Monday, April 28th.

BAE Systems 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.