GE Aerospace $GE Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in GE Aerospace by 0.1%, now holding approximately 3.68 million shares, which represents about 0.7% of its investment portfolio.
• Several institutional investors have recently altered their positions in GE Aerospace, with notable increases in holdings from Copia Wealth Management and First Pacific Financial.
• GE Aerospace reported strong quarterly earnings, with an EPS of $1.66, beating expectations and indicating a revenue increase of 21.2% year-over-year.

AQR Capital Management LLC cut its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,681,095 shares of the company's stock after selling 3,359 shares during the period. GE Aerospace makes up 0.7% of AQR Capital Management LLC's holdings, making the stock its 8th biggest holding. AQR Capital Management LLC owned approximately 0.35% of GE Aerospace worth $724,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in GE. IMA Advisory Services Inc. purchased a new stake in GE Aerospace in the first quarter valued at approximately $28,000. Copia Wealth Management grew its stake in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after buying an additional 142 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the 1st quarter valued at $30,000. O Brien Wealth Partners LLC purchased a new position in GE Aerospace during the 1st quarter valued at about $33,000. Finally, First Pacific Financial boosted its holdings in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Down 0.9%

GE traded down $2.62 on Friday, reaching $279.65. The company's stock had a trading volume of 4,950,277 shares, compared to its average volume of 4,005,729. The company has a market capitalization of $296.55 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 3.04 and a beta of 1.48. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $284.41. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $266.25 and a two-hundred day moving average of $231.07.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The company's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. UBS Group increased their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace 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.