Rothschild Capital Partners LLC Takes Position in GE Aerospace (NYSE:GE)

Rothschild Capital Partners LLC purchased a new position in GE Aerospace (NYSE:GE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,780 shares of the company's stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in GE Aerospace by 25.7% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 47,892 shares of the company's stock valued at $7,988,000 after acquiring an additional 9,786 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in GE Aerospace by 27.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 948,298 shares of the company's stock valued at $158,167,000 after acquiring an additional 205,407 shares during the period. Sirios Capital Management L P raised its stake in GE Aerospace by 38.7% in the 4th quarter. Sirios Capital Management L P now owns 120,215 shares of the company's stock valued at $20,051,000 after acquiring an additional 33,521 shares during the period. Coppell Advisory Solutions LLC raised its stake in GE Aerospace by 49.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 312 shares of the company's stock valued at $52,000 after acquiring an additional 103 shares during the period. Finally, Beck Capital Management LLC increased its position in shares of GE Aerospace by 1.2% during the fourth quarter. Beck Capital Management LLC now owns 13,049 shares of the company's stock valued at $2,176,000 after buying an additional 152 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GE has been the topic of several analyst reports. Redburn Atlantic initiated coverage on GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, Bank of America upped their price target on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $216.92.

Insiders Place Their Bets

In other news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This represents a 26.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

GE Aerospace Price Performance

GE traded down $1.12 during midday trading on Tuesday, hitting $199.75. The stock had a trading volume of 1,371,489 shares, compared to its average volume of 5,929,172. The company has a market cap of $213.01 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The business has a fifty day moving average of $194.18 and a 200 day moving average of $186.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $214.21.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were paid a $0.36 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.72%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio is currently 22.40%.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.