Morgan Stanley Boosts Stake in B/E Aerospace, Inc. (BEAV)

Morgan Stanley Boosts Stake in B/E Aerospace, Inc. (BEAV)

Morgan Stanley raised its position in B/E Aerospace, Inc. (NASDAQ:BEAV) by 26.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 775,979 shares of the company’s stock after buying an additional 160,161 shares during the period. Morgan Stanley owned approximately 0.76% of B/E Aerospace worth $40,088,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BEAV. BlackRock Fund Advisors boosted its position in B/E Aerospace by 3.8% in the third quarter. BlackRock Fund Advisors now owns 4,125,278 shares of the company’s stock worth $213,112,000 after buying an additional 150,023 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in B/E Aerospace by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,764,580 shares of the company’s stock worth $173,829,000 after buying an additional 9,903 shares during the last quarter. Alliancebernstein L.P. boosted 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 worth $154,446,000 after buying an additional 3,266,146 shares during the last quarter. Wells Fargo & Company MN boosted its position in B/E Aerospace by 3.0% in the third quarter. Wells Fargo & Company MN now owns 2,983,715 shares of the company’s stock worth $154,138,000 after buying an additional 86,304 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in B/E Aerospace by 4.3% in the third quarter. Neuberger Berman Group LLC now owns 2,168,051 shares of the company’s stock worth $112,002,000 after buying an additional 88,971 shares during the last quarter. 98.20% of the stock is owned by hedge funds and other institutional investors.

Shares of B/E Aerospace, Inc. (NASDAQ:BEAV) traded down 0.03% during midday trading on Friday, hitting $61.70. 779,238 shares of the company’s stock traded hands. The company has a 50 day moving average price of $60.65 and a 200 day moving average price of $54.33. B/E Aerospace, Inc. has a 1-year low of $38.83 and a 1-year high of $61.88. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 18.81 and a beta of 0.89.

A number of research firms have weighed in on BEAV. Robert W. Baird reissued a “neutral” rating and issued a $61.00 price objective on shares of B/E Aerospace in a research report on Friday, January 20th. Zacks Investment Research cut shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $62.00 price target on shares of B/E Aerospace in a research report on Thursday, January 5th. Vertical Research initiated coverage on shares of B/E Aerospace in a research report on Friday, October 28th. They set a “hold” rating on the stock. Finally, Gabelli cut shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.45.

About B/E Aerospace

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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