Robeco Institutional Asset Management B.V. Lowers Stake in The Boeing Company (NYSE:BA)

Robeco Institutional Asset Management B.V. lowered its stake in shares of The Boeing Company (NYSE:BA) by 68.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,095 shares of the aircraft producer’s stock after selling 21,822 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Boeing were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Boeing by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after buying an additional 356,496 shares in the last quarter. Morgan Stanley lifted its holdings in Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after buying an additional 91,801 shares in the last quarter. Northern Trust Corp lifted its holdings in Boeing by 3.2% during the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after buying an additional 153,168 shares in the last quarter. Jennison Associates LLC acquired a new stake in Boeing during the 4th quarter worth approximately $960,397,000. Finally, Invesco Ltd. lifted its holdings in Boeing by 30.1% during the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after buying an additional 759,267 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $174.52 on Monday. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The firm has a market capitalization of $107.13 billion, a P/E ratio of -49.16 and a beta of 1.54. The company’s fifty day moving average price is $179.01 and its 200 day moving average price is $205.63.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. On average, sell-side analysts anticipate that The Boeing Company will post -1.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Royal Bank of Canada reduced their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. TD Cowen reduced their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Finally, Barclays reduced their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $221.24.

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.