Fuller Thaler Asset Management buys $122.6 Million stake in B/E Aerospace Inc (BEAV)

B/E Aerospace Inc (BEAV) : Fuller Thaler Asset Management scooped up 533,349 additional shares in B/E Aerospace Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,621,211 shares of B/E Aerospace Inc which is valued at $122.6 Million.B/E Aerospace Inc makes up approximately 2.42% of Fuller Thaler Asset Management’s portfolio.

Other Hedge Funds, Including , Baird Financial Group boosted its stake in BEAV in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 6,870 shares of B/E Aerospace Inc which is valued at $321,241.Mar Vista Investment Partners reduced its stake in BEAV by selling 24,896 shares or 7.33% in the most recent quarter. The Hedge Fund company now holds 314,633 shares of BEAV which is valued at $15 Million. B/E Aerospace Inc makes up approx 0.92% of Mar Vista Investment Partners’s portfolio. Wall Street Access Asset Management added BEAV to its portfolio by purchasing 488 company shares during the most recent quarter which is valued at $23,224. B/E Aerospace Inc makes up approx 0.01% of Wall Street Access Asset Management’s portfolio. Farmers Merchants Investments Inc sold out all of its stake in BEAV during the most recent quarter. The investment firm sold 29 shares of BEAV which is valued $1,380.World Asset Management Inc reduced its stake in BEAV by selling 146 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 5,010 shares of BEAV which is valued at $243,636. B/E Aerospace Inc makes up approx 0.01% of World Asset Management Inc’s portfolio.

B/E Aerospace Inc closed down -0.22 points or -0.47% at $46.58 with 15,44,662 shares getting traded on Friday. Post opening the session at $46.14, the shares hit an intraday low of $45.26 and an intraday high of $46.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, B/E Aerospace Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.79. The company had revenue of $716.70 million for the quarter, compared to analysts expectations of $697.63 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on B/E Aerospace Inc. B/E Aerospace Inc was Downgraded by JP Morgan to ” Neutral” on May 20, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 51 from a previous price target of $48 .Company shares were Reiterated by Canaccord Genuity on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .

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 directly to various airlines and aerospace manufacturers across the world. The Company operates through two segments: commercial aircraft (CAS) and business jet (BJS). The Company’s commercial aircraft (CAS) segment offers a range of seating products oxygen delivery systems coffee makers and water boilers ovens and refrigeration equipment modular lavatory wastewater and galley systems and also provides engineering design integration installation and certification services. The Company’s business jet segment offers a range of furnishings and interior packages for business jets.

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