Confluence Investment Management LLC Takes $682,000 Position in BAE Systems plc (OTCMKTS:BAESY)

Confluence Investment Management LLC acquired a new stake in shares of BAE Systems plc (OTCMKTS:BAESY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,201 shares of the aerospace company's stock, valued at approximately $682,000.Semiconductor stocks soar on federal funding, hope for rate cutsOther hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Group LLC bought a new stake in BAE Systems during the first quarter worth $7,239,000. Equitable Trust Co. grew its holdings in BAE Systems by 0.9% during the first quarter. Equitable Trust Co. now owns 57,841 shares of the aerospace company's stock worth $3,944,000 after buying an additional 515 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in BAE Systems during the fourth quarter worth $699,000. SVB Wealth LLC grew its stake in BAE Systems by 13.0% in the 4th quarter. SVB Wealth LLC now owns 4,733 shares of the aerospace company's stock valued at $274,000 after purchasing an additional 546 shares during the period. Finally, GAMMA Investing LLC grew its stake in BAE Systems by 16.4% in the 1st quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company's stock valued at $107,000 after purchasing an additional 218 shares during the period. Institutional investors own 0.21% of the company's stock. BAE Systems Trading Up 0.9 %Shares of BAE Systems stock traded up $0.56 during trading on Monday, hitting $66.19. 134,000 shares of the stock traded hands, compared to its average volume of 298,572. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97. The firm's fifty day moving average is $67.74 and its 200-day moving average is $66.63. BAE Systems plc has a 52 week low of $47.81 and a 52 week high of $72.81. Analysts Set New Price TargetsA number of research analysts have issued reports on BAESY shares. Bank of America downgraded BAE Systems from a "buy" rating to a "neutral" rating in a research note on Monday, May 13th. Citigroup upgraded BAE Systems from a "neutral" rating to a "buy" rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, BAE Systems has a consensus rating of "Hold" and a consensus price target of $1,195.00.Check Out Our Latest Stock Report on BAESYBAE Systems Company Profile (Free Report)BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.See AlsoFive stocks we like better than BAE SystemsUsing the MarketBeat Stock Split CalculatorTexas Roadhouse Stampedes On EPS Beat as Comp Sales Surge 9.3% How to Calculate Retirement Income: MarketBeat’s CalculatorWhy Warren Buffett Just Sold Half His Stake in Apple StockWhat is the Dow Jones Industrial Average (DJIA)?Why Put Option Volume Means a Bullish Future for Marriott StockWant to see what other hedge funds are holding BAESY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BAE Systems plc (OTCMKTS:BAESY - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Missed Nvidia? These Five Stocks Could be Your Second Chance (From Brownstone Research) (Ad)Should you invest $1,000 in BAE Systems right now?Before you consider BAE Systems, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BAE Systems wasn't on the list.While BAE Systems currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here