November 29, 2016 - By Hazel Jackson · 0 Comments
B (NASDAQ:BEAV) institutional sentiment decreased to 1.02 in Q2 2016. Its down -0.07, from 1.09 in 2016Q1. The ratio turned negative, as 164 investment professionals opened new and increased positions, while 150 reduced and sold their positions in B. The investment professionals in our partner’s database now own: 91.72 million shares, up from 90.82 million shares in 2016Q1. Also, the number of investment professionals holding B in their top 10 positions was flat from 6 to 6 for the same number . Sold All: 44 Reduced: 106 Increased: 127 New Position: 37.
B/E Aerospace, Inc. is a manufacturer of cabin interior products for commercial aircraft and business jets. The company has a market cap of $6.09 billion. The Firm sells its products and provides services to various airlines and aerospace manufacturers across the world. It has a 18.12 P/E ratio. It operates through two divisions: commercial aircraft and business jet (BJS).
The stock decreased 0.23% or $0.14 during the last trading session, hitting $59.65. B E Aerospace Inc (NASDAQ:BEAV) has risen 20.80% since April 26, 2016 and is uptrending. It has outperformed by 15.54% the S&P500.
Analysts await B E Aerospace Inc (NASDAQ:BEAV) to report earnings on February, 7. They expect $0.80 EPS, down 1.23% or $0.01 from last year’s $0.81 per share. BEAV’s profit will be $81.68 million for 18.64 P/E if the $0.80 EPS becomes a reality. After $0.83 actual EPS reported by B E Aerospace Inc for the previous quarter, Wall Street now forecasts -3.61% negative EPS growth.
According to Zacks Investment Research, “B/E Aerospace, Inc. operates as a manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets and distributor of aerospace fasteners and consumables. It operates in three segments: commercial aircraft, consumables management and business jet. B/E Aerospace’s commercial aircraft segment includes seating products, interior systems and engineering services for commercial aircraft, and thermal and power management for the commercial and military aerospace markets. Its Consumables Management segment provides inventory management and replenishment, electronic data interchange, special packaging and bar-coding, parts kitting, quality assurance testing, and purchasing assistance services; and creative and differential supply chain solutions. The company’s Business Jet segment offers a complete line of business jet seating and divan products from traditional designs to unique lie-flat offerings. B/E Aerospace, Inc. is headquartered in Wellington, Florida.”
Talara Capital Management Llc holds 7.57% of its portfolio in B E Aerospace Inc for 369,618 shares. Villere St Denis J & Co Llc owns 1.76 million shares or 4.89% of their US portfolio. Moreover, Mcclain Value Management Llc has 4.53% invested in the company for 115,193 shares. The New York-based Roystone Capital Management Lp has invested 4.32% in the stock. Gibraltar Capital Management Inc., a Oklahoma-based fund reported 65,025 shares.#img1#
Ratings analysis reveals 31% of B/E Aerospace’s analysts are positive. Out of 13 Wall Street analysts rating B/E Aerospace, 4 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $6 while the high is $75. The stock’s average target of $50.80 is -14.84% below today’s ($59.65) share price. BEAV was included in 25 notes of analysts from July 24, 2015. The firm has “Outperform” rating given on Thursday, July 23 by RBC Capital Markets. Robert W. Baird initiated it with “Outperform” rating and $61 target price in Thursday, October 6 report. RBC Capital Markets downgraded B E Aerospace Inc (NASDAQ:BEAV) on Friday, October 23 to “Sector Perform” rating. Credit Suisse downgraded the shares of BEAV in a report on Tuesday, October 25 to “Neutral” rating. The firm has “Buy” rating given on Monday, October 10 by . Deutsche Bank downgraded the shares of BEAV in a report on Thursday, November 10 to “Hold” rating. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, August 13. JP Morgan upgraded B E Aerospace Inc (NASDAQ:BEAV) on Wednesday, December 16 to “Overweight” rating. The rating was downgraded by Robert W. Baird on Tuesday, October 25 to “Neutral”. The rating was downgraded by Wolfe Research to “Peer Perform” on Tuesday, October 25.
B/E Aerospace, Inc., incorporated on July 10, 1987, is a maker of cabin interior products for commercial aircraft and business jets. The Firm sells its products and provides services to various airlines and aerospace manufacturers across the world. The Firm operates through two divisions: commercial aircraft (CAS) and business jet (BJS). The Company’s CAS segment includes seating products; food and beverage and preparation and storage equipment; oxygen delivery systems, and interior structures. The Company’s BJS segment offers a range of furnishings for business jets.
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By Hazel Jackson