Robeco Institutional Asset Management B.V. Grows Stock Position in The Boeing Company (NYSE:BA)

Robeco Institutional Asset Management B.V. grew its stake in shares of The Boeing Company (NYSE:BA) by 37.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,927 shares of the aircraft producer’s stock after acquiring an additional 1,905 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Boeing were worth $1,226,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. R Squared Ltd purchased a new stake in Boeing in the fourth quarter valued at approximately $193,000. Planning Center Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $229,000. Foster Group Inc. boosted its holdings in shares of Boeing by 4.6% in the 4th quarter. Foster Group Inc. now owns 3,224 shares of the aircraft producer’s stock valued at $571,000 after purchasing an additional 143 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in shares of Boeing by 4.4% in the 4th quarter. Mayflower Financial Advisors LLC now owns 3,261 shares of the aircraft producer’s stock worth $577,000 after buying an additional 137 shares during the period. Finally, Falcon Wealth Planning raised its position in shares of Boeing by 12.0% in the 4th quarter. Falcon Wealth Planning now owns 2,184 shares of the aircraft producer’s stock worth $387,000 after buying an additional 234 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BA. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup decreased their target price on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Up 0.3 %

BA stock opened at $176.40 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77. The company has a market capitalization of $109.05 billion, a P/E ratio of -9.63 and a beta of 1.52. The firm has a 50 day simple moving average of $169.95 and a 200-day simple moving average of $164.02.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.12 EPS for the current year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.