Trading Report: Today, B/E Aerospace Inc. (BEAV) Position Increased by JPMorgan Chase & Co.

Today, B/E Aerospace Inc. (BEAV) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of B/E Aerospace Inc. (NASDAQ:BEAV) by 977.2% during the second quarter, Holdings Channel reports. The firm owned 78,387 shares of the company’s stock after buying an additional 71,110 shares during the period. JPMorgan Chase & Co. owned about 0.08% of B/E Aerospace worth $3,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BEAV. Intermede Investment Partners Ltd raised its position in shares of B/E Aerospace by 28.9% in the second quarter. Intermede Investment Partners Ltd now owns 830,030 shares of the company’s stock worth $38,327,000 after buying an additional 185,903 shares during the last quarter. State Street Corp raised its position in shares of B/E Aerospace by 0.4% in the first quarter. State Street Corp now owns 3,652,826 shares of the company’s stock worth $168,466,000 after buying an additional 15,604 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of B/E Aerospace by 13.2% in the first quarter. Renaissance Technologies LLC now owns 726,506 shares of the company’s stock worth $33,506,000 after buying an additional 84,700 shares during the last quarter. Geode Capital Management LLC raised its position in shares of B/E Aerospace by 18.7% in the first quarter. Geode Capital Management LLC now owns 778,446 shares of the company’s stock worth $35,883,000 after buying an additional 122,542 shares during the last quarter. Finally, Strs Ohio raised its position in shares of B/E Aerospace by 27.3% in the second quarter. Strs Ohio now owns 225,000 shares of the company’s stock worth $10,389,000 after buying an additional 48,204 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

B/E Aerospace Inc. (NASDAQ:BEAV) traded up 0.19% during trading on Tuesday, reaching $51.45. The company’s stock had a trading volume of 62,948 shares. The company has a market capitalization of $5.23 billion, a P/E ratio of 17.78 and a beta of 1.03. B/E Aerospace Inc. has a 1-year low of $36.38 and a 1-year high of $53.25. The company’s 50-day moving average is $50.72 and its 200-day moving average is $48.36.

B/E Aerospace (NASDAQ:BEAV) last posted its earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. The business earned $753 million during the quarter, compared to analyst estimates of $714.04 million. During the same quarter last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts anticipate that B/E Aerospace Inc. will post $3.26 EPS for the current year.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered B/E Aerospace from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Jefferies Group restated a “hold” rating on shares of B/E Aerospace in a report on Monday, August 1st. Goldman Sachs Group Inc. lowered B/E Aerospace from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $56.00 to $52.00 in a report on Wednesday, October 12th. Deutsche Bank AG raised their price objective on B/E Aerospace from $55.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 5th. Finally, Morgan Stanley assumed coverage on B/E Aerospace in a report on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. B/E Aerospace has an average rating of “Buy” and a consensus price target of $55.00.

B/E Aerospace Company Profile

B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services to various airlines and aerospace manufacturers across the world. It operates through two segments: commercial aircraft (CAS) and business jet (BJS).

Related posts

Leave a Comment