Trade Report: Today, Fisher Asset Management LLC decreases its position in B/E Aerospace Inc. (BEAV)

Today, Fisher Asset Management LLC decreases its position in B/E Aerospace Inc. (BEAV)

Fisher Asset Management LLC lowered its stake in B/E Aerospace Inc. (NASDAQ:BEAV) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,617 shares of the company’s stock after selling 5,618 shares during the period. Fisher Asset Management LLC’s holdings in B/E Aerospace were worth $5,818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intermede Investment Partners Ltd boosted 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 valued at $38,327,000 after buying an additional 185,903 shares during the period. Westpac Banking Corp boosted its position in shares of B/E Aerospace by 226.8% in the second quarter. Westpac Banking Corp now owns 16,514 shares of the company’s stock valued at $763,000 after buying an additional 11,460 shares during the period. Strs Ohio boosted 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 valued at $10,389,000 after buying an additional 48,204 shares during the period. Icon Advisers Inc. Co. boosted its position in shares of B/E Aerospace by 87.7% in the second quarter. Icon Advisers Inc. Co. now owns 114,500 shares of the company’s stock valued at $5,287,000 after buying an additional 53,500 shares during the period. Finally, Mar Vista Investment Partners LLC boosted its position in shares of B/E Aerospace by 0.7% in the second quarter. Mar Vista Investment Partners LLC now owns 316,863 shares of the company’s stock valued at $14,631,000 after buying an additional 2,230 shares during the period. 98.91% of the stock is owned by hedge funds and other institutional investors.

B/E Aerospace Inc. (NASDAQ:BEAV) traded down 0.23% during trading on Monday, reaching $59.65. 1,512,059 shares of the company’s stock traded hands. The firm has a 50 day moving average of $56.69 and a 200 day moving average of $50.35. The firm has a market capitalization of $6.06 billion, a PE ratio of 18.18 and a beta of 0.90. B/E Aerospace Inc. has a 1-year low of $36.38 and a 1-year high of $60.29.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be paid 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 dividend yield of 1.40%. B/E Aerospace’s dividend payout ratio is currently 25.53%.

A number of research firms have weighed in on BEAV. KeyCorp reaffirmed a “buy” rating and issued a $56.00 price objective on shares of B/E Aerospace in a report on Wednesday, September 28th. Zacks Investment Research raised shares of B/E Aerospace from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Wednesday, October 26th. Citigroup Inc. lifted their price objective on shares of B/E Aerospace from $60.00 to $62.00 and gave the company a “buy” rating in a report on Monday, October 10th. Vertical Research began coverage on shares of B/E Aerospace in a report on Friday, October 28th. They issued a “hold” rating for the company. Finally, Credit Suisse Group AG cut shares of B/E Aerospace from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target 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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