GE Aerospace (NYSE:GE) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 24.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 619,640 shares of the company's stock after acquiring an additional 123,450 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of GE Aerospace worth $103,350,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC grew its position in shares of GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in GE Aerospace in the 4th quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of GE Aerospace in the 4th quarter worth $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of GE Aerospace during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Bank of America lifted their target price on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Trading Up 2.1 %

NYSE:GE traded up $4.26 on Friday, reaching $207.87. The stock had a trading volume of 3,826,348 shares, compared to its average volume of 5,367,832. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $214.21. The company has a market cap of $221.67 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.59 and a beta of 1.04. The firm's fifty day moving average is $194.31 and its two-hundred day moving average is $187.12. 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 (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. GE Aerospace's dividend payout ratio is currently 22.40%.

Insiders Place Their Bets

In related news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction 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 transaction, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

GE Aerospace Company Profile

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.