First Merchants Corp Acquires Shares of 57,108 Bae Systems PLC (OTCMKTS:BAESY)

First Merchants Corp bought a new position in Bae Systems PLC (OTCMKTS:BAESY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 57,108 shares of the aerospace company's stock, valued at approximately $4,598,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Bae Systems by 26.0% in the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock worth $186,000 after acquiring an additional 466 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after purchasing an additional 897 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Bae Systems by 19.3% during the first quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company's stock worth $903,000 after purchasing an additional 1,777 shares during the period. Ramirez Asset Management Inc. grew its position in Bae Systems by 3.4% during the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock valued at $3,899,000 after purchasing an additional 2,211 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in Bae Systems by 4.3% in the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock valued at $3,166,000 after buying an additional 2,285 shares during the period. Institutional investors and hedge funds own 0.21% of the company's stock.

Wall Street Analyst Weigh In

BAESY has been the topic of several research analyst reports. Berenberg Bank cut shares of Bae Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. Bank of America upgraded Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Bae Systems in a research report on Monday, April 28th.

Bae Systems Stock Up 4.6%

BAESY stock opened at $105.17 on Friday. The company has a 50-day moving average of $98.77 and a two-hundred day moving average of $79.93. Bae Systems PLC has a 52-week low of $56.19 and a 52-week high of $109.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.95.

Bae Systems Profile

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.

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