Principal Street Partners LLC Has $506,000 Holdings in BAE Systems plc (OTCMKTS:BAESY)

Principal Street Partners LLC reduced its holdings in BAE Systems plc (OTCMKTS:BAESY - Free Report) by 49.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,859 shares of the aerospace company's stock after selling 8,769 shares during the quarter. Principal Street Partners LLC's holdings in BAE Systems were worth $506,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in shares of BAE Systems during the fourth quarter worth approximately $26,000. Altrius Capital Management Inc raised its position in BAE Systems by 3.3% in the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock worth $6,469,000 after purchasing an additional 3,662 shares during the last quarter. Ramirez Asset Management Inc. lifted its holdings in BAE Systems by 3.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock worth $3,899,000 after buying an additional 2,211 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its position in shares of BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after acquiring an additional 2,285 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BAESY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of BAE Systems in a research note on Monday, April 28th. Berenberg Bank downgraded BAE Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th.

BAE Systems Price Performance

Shares of BAESY traded down $0.03 on Friday, hitting $100.07. The company's stock had a trading volume of 455,974 shares, compared to its average volume of 574,682. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. The firm's fifty day moving average price is $89.55 and its 200-day moving average price is $73.69. BAE Systems plc has a fifty-two week low of $56.19 and a fifty-two week high of $100.81.

BAE Systems Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, April 22nd will be issued a $1.0442 dividend. This is a positive change from BAE Systems's previous dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 22nd.

About BAE Systems

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.