AQR Capital Management LLC Buys 403,277 Shares of GE Aerospace (NYSE:GE)

AQR Capital Management LLC raised its holdings in GE Aerospace (NYSE:GE - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,684,454 shares of the company's stock after purchasing an additional 403,277 shares during the quarter. GE Aerospace makes up about 0.8% of AQR Capital Management LLC's investment portfolio, making the stock its 8th largest position. AQR Capital Management LLC owned approximately 0.34% of GE Aerospace worth $614,530,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Johnson & White Wealth Management LLC bought a new position in GE Aerospace in the fourth quarter valued at approximately $733,000. Chung Wu Investment Group LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at about $795,000. National Bank of Canada FI grew its position in shares of GE Aerospace by 2.9% in the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after purchasing an additional 29,844 shares during the last quarter. World Investment Advisors LLC boosted its holdings in GE Aerospace by 60.7% in the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the company's stock valued at $2,576,000 after purchasing an additional 5,162 shares during the period. Finally, National Pension Service lifted its position in shares of GE Aerospace by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock valued at $376,051,000 after acquiring an additional 37,884 shares during the period. Institutional investors own 74.77% of the company's stock.

Insider Transactions at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GE shares. Bank of America boosted their price target on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Redburn Atlantic began coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Finally, UBS Group lifted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus target price of $216.92.

GE Aerospace Trading Up 1.2 %

Shares of GE stock opened at $200.89 on Tuesday. The business has a 50-day moving average of $194.18 and a 200 day moving average of $186.72. The stock has a market capitalization of $215.61 billion, a PE ratio of 33.54, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. 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 posted its quarterly 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 firm 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, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were given a dividend of $0.36 per share. 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. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace's payout ratio is 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.

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