Azimuth Capital Investment Management LLC Trims Position in Airbus SE - Unsponsored ADR $EADSY

Key Points

• Azimuth Capital Investment Management cut its Airbus position by 46% in the second quarter, selling 88,874 shares and retaining 104,486 shares valued at approximately $5.81 million.
• Analyst sentiment remains positive, with seven Buy ratings and six Hold ratings producing a consensus “Moderate Buy” rating; Madison Asset Management separately increased its holdings by 10.7%.
• Airbus exceeded quarterly expectations, reporting $0.61 in EPS versus $0.58 expected and revenue of $23.36 billion versus $23.20 billion forecast. Shares recently opened at $57.87, with a one-year range of $45.01 to $64.35.

Azimuth Capital Investment Management LLC lowered its position in Airbus SE - Unsponsored ADR (OTCMKTS:EADSY - Free Report) by 46.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,486 shares of the aerospace company's stock after selling 88,874 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Airbus were worth $5,810,000 at the end of the most recent reporting period.

Separately, Madison Asset Management LLC lifted its holdings in Airbus by 10.7% in the second quarter. Madison Asset Management LLC now owns 68,768 shares of the aerospace company's stock valued at $3,824,000 after acquiring an additional 6,661 shares during the last quarter. Hedge funds and other institutional investors own 0.25% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EADSY. Morgan Stanley reiterated an "overweight" rating on shares of Airbus in a research report on Friday, August 14th. Zacks Research upgraded shares of Airbus from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Airbus in a research report on Friday, July 10th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Airbus in a report on Thursday, July 16th. Finally, Kepler Capital Markets raised Airbus from a "hold" rating to a "buy" rating in a research report on Thursday, June 18th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Airbus Stock Performance

OTCMKTS EADSY opened at $57.87 on Monday. The company has a market cap of $182.62 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.27 and a beta of 1.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 0.41. The stock has a 50-day moving average of $58.60 and a two-hundred day moving average of $53.63. Airbus SE - Unsponsored ADR has a 1-year low of $45.01 and a 1-year high of $64.35.

Airbus (OTCMKTS:EADSY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $23.36 billion for the quarter, compared to analyst estimates of $23.20 billion. Airbus had a net margin of 7.71% and a return on equity of 23.43%. As a group, analysts anticipate that Airbus SE - Unsponsored ADR will post 2.07 EPS for the current year.

Airbus Profile

Airbus SE is a multinational aerospace and defense company that designs, manufactures and supports a broad range of products and services for civil and military customers worldwide. The company's activities span commercial aircraft, helicopters, defense and space systems, and a growing portfolio of services that include maintenance, training, digital solutions and aftermarket support. Airbus is organized into major business divisions that reflect these activities and operates an extensive industrial and supplier footprint across multiple countries.

In the commercial aircraft segment Airbus is best known for its A320 family of single-aisle jets and larger widebody models such as the A330 and A350 series, as well as the A380 superjumbo.

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