Banque Cantonale Vaudoise Makes New $7.55 Million Investment in GE Aerospace (NYSE:GE)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in GE Aerospace worth approximately $7.55 million, purchasing 37,699 shares during the first quarter.
• Multiple analysts have recently upgraded their ratings on GE Aerospace, with Citigroup increasing its price target to $296.00 and UBS Group raising it to $321.00.
• GE Aerospace reported $1.66 EPS for the last quarter, exceeding analysts' estimates and showcasing a 21.2% year-over-year revenue growth.

Banque Cantonale Vaudoise purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 37,699 shares of the company's stock, valued at approximately $7,546,000.

Other large investors have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace during the 1st quarter valued at about $28,000. Copia Wealth Management grew its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares during the period. New Age Alpha Advisors LLC grew its stake in shares of GE Aerospace by 133.3% during the 4th 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 during the period. O Brien Wealth Partners LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at about $33,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the 4th quarter valued at about $28,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent research reports. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Citigroup reaffirmed a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays upped their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, UBS Group increased their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Trading Down 0.4%

GE Aerospace stock opened at $270.58 on Tuesday. The stock has a 50-day moving average of $249.09 and a two-hundred day moving average of $216.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a one year low of $150.20 and a one year high of $273.44. The stock has a market cap of $286.93 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 3.11 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The company had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same period last year, the business posted $1.20 earnings per share. The firm's revenue was up 21.2% compared to the same quarter last year. On average, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.53%. GE Aerospace's payout ratio is 20.08%.

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.

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