Today, Neuberger Berman Group LLC invests in 88,971 by buying B/E Aerospace Inc. (BEAV) shares

Today, Neuberger Berman Group LLC invests in 88,971 by buying B/E Aerospace Inc. (BEAV) shares

Neuberger Berman Group LLC increased its stake in B/E Aerospace Inc. (NASDAQ:BEAV) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,168,051 shares of the company’s stock after buying an additional 88,971 shares during the period. Neuberger Berman Group LLC owned 2.17% of B/E Aerospace worth $112,002,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. raised 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 during the last quarter. Temasek Holdings Private Ltd bought a new position in B/E Aerospace during the second quarter valued at about $98,192,000. Emerald Acquisition Ltd. bought a new position in B/E Aerospace during the second quarter valued at about $31,523,000. Fuller & Thaler Asset Management Inc. raised 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 during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in B/E Aerospace during the second quarter valued at about $23,549,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

B/E Aerospace Inc. (NASDAQ:BEAV) opened at 59.79 on Friday. The firm’s 50-day moving average price is $56.69 and its 200-day moving average price is $50.35. B/E Aerospace Inc. has a 52 week low of $36.38 and a 52 week high of $60.29. The stock has a market cap of $6.07 billion, a PE ratio of 18.22 and a beta of 0.90.

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 is Thursday, November 17th. This represents a $0.84 dividend on an annualized basis and a yield of 1.40%. B/E Aerospace’s dividend payout ratio (DPR) is presently 25.53%.

BEAV has been the topic of several recent research reports. Goldman Sachs Group Inc. lowered B/E Aerospace from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $56.00 to $52.00 in a research report on Wednesday, October 12th. Zacks Investment Research lowered B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Citigroup Inc. lifted their price objective on B/E Aerospace from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. Deutsche Bank AG lifted their price objective on B/E Aerospace from $55.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Finally, Gabelli lowered B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $56.25.

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