Today, Arizona State Retirement System Sold shares of B/E Aerospace Inc. (BEAV)

Today, Arizona State Retirement System Sold shares of B/E Aerospace Inc. (BEAV)

Arizona State Retirement System reduced its position in B/E Aerospace Inc. (NASDAQ:BEAV) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 42,054 shares of the company’s stock after selling 300 shares during the period. Arizona State Retirement System’s holdings in B/E Aerospace were worth $2,173,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in B/E Aerospace by 5.4% in the second quarter. BlackRock Fund Advisors now owns 3,975,255 shares of the company’s stock valued at $183,557,000 after buying an additional 205,354 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in B/E Aerospace by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,764,580 shares of the company’s stock valued at $173,829,000 after buying an additional 9,903 shares in the last quarter. Alliancebernstein L.P. boosted its position in B/E Aerospace by 4,152.8% in the second quarter. Alliancebernstein L.P. now owns 3,344,796 shares of the company’s stock valued at $154,446,000 after buying an additional 3,266,146 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in B/E Aerospace by 20.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,150,084 shares of the company’s stock valued at $145,455,000 after buying an additional 528,873 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in B/E Aerospace by 3.0% in the third quarter. Wells Fargo & Company MN now owns 2,983,715 shares of the company’s stock valued at $154,138,000 after buying an additional 86,304 shares in the last quarter. 98.91% of the stock is owned by institutional investors.

B/E Aerospace Inc. (NASDAQ:BEAV) traded down 0.23% during midday trading on Monday, reaching $59.65. The company had a trading volume of 1,512,566 shares. B/E Aerospace Inc. has a one year low of $36.38 and a one year high of $60.29. The company has a market capitalization of $6.06 billion, a PE ratio of 18.18 and a beta of 0.90. The stock’s 50 day moving average is $56.90 and its 200 day moving average is $50.48.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.84 annualized dividend and a yield of 1.40%. B/E Aerospace’s dividend payout ratio (DPR) is presently 25.53%.

Several equities analysts recently weighed in on BEAV shares. Gabelli cut B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Deutsche Bank AG cut B/E Aerospace from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Thursday, November 10th. Zacks Investment Research cut B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. KeyCorp reissued a “buy” rating and set a $56.00 price objective on shares of B/E Aerospace in a research report on Wednesday, September 28th. Finally, Goldman Sachs Group Inc. cut B/E Aerospace from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $56.00 to $52.00 in a research report on Wednesday, October 12th. Thirteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. B/E Aerospace has a consensus rating of “Hold” and an average target price of $56.25.

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).

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