Bae Systems PLC (OTCMKTS:BAESY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “BAE Systems is a global company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land and at sea. BAE Systems Inc. is the US subsidiary of BAE Systems plc. Headquartered in Rockville,Maryland, BAE Systems Inc. consists of three Operating Groups that provide support and service solutions for current and future defense, intelligence, and civilian systems; design, develop and manufacture a wide range of electronic systems and subsystems for both military and commercial applications; and design, develop, produce,and provide service support of armored combat vehicles, artillery systems and intelligent munitions. “

A number of other research firms also recently commented on BAESY. Berenberg Bank downgraded Bae Systems PLC from a “buy” rating to a “hold” rating in a research report on Tuesday. J P Morgan Chase & Co lowered Bae Systems PLC from an “overweight” rating to a “neutral” rating in a report on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Bae Systems PLC presently has a consensus rating of “Hold” and an average price target of $36.00.

Bae Systems PLC (OTCMKTS BAESY) traded down 1.94% during trading on Tuesday, reaching $33.43. The company’s stock had a trading volume of 1,471,757 shares. Bae Systems PLC has a 12 month low of $25.94 and a 12 month high of $35.23.

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A number of hedge funds have recently modified their holdings of BAESY. Eqis Capital Management Inc. grew its stake in Bae Systems PLC by 9.2% in the second quarter. Eqis Capital Management Inc. now owns 9,499 shares of the aerospace company’s stock valued at $319,000 after purchasing an additional 797 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Bae Systems PLC by 0.5% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 7,176 shares of the aerospace company’s stock valued at $236,000 after buying an additional 36 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new stake in shares of Bae Systems PLC in the 2nd quarter valued at about $530,000. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Bae Systems PLC by 0.6% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 310,708 shares of the aerospace company’s stock valued at $10,227,000 after buying an additional 1,920 shares in the last quarter. Finally, Geneva Advisors LLC bought a new stake in shares of Bae Systems PLC in the 2nd quarter valued at about $860,000. 0.43% of the stock is currently owned by institutional investors.

Bae Systems PLC Company Profile

BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.

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