Pictet Asset Management Holding SA Has $587,000 Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Pictet Asset Management Holding SA raised its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,210 shares of the aerospace company’s stock after acquiring an additional 1,528 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Spirit AeroSystems were worth $587,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Spirit AeroSystems by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock worth $368,142,000 after purchasing an additional 203,549 shares during the last quarter. Norges Bank acquired a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $105,879,000. Alpine Associates Management Inc. grew its position in Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after acquiring an additional 714,984 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock worth $15,047,000 after purchasing an additional 112,286 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Spirit AeroSystems by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company’s stock valued at $14,686,000 after purchasing an additional 3,424 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Up 2.4 %

Spirit AeroSystems stock opened at $29.87 on Wednesday. The business has a 50 day moving average price of $33.86 and a two-hundred day moving average price of $33.13. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.08. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -2.40 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SPR has been the topic of several recent research reports. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, StockNews.com began coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating on the stock. Fifteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.