Caisse DE Depot ET Placement DU Quebec Acquires 104,717 Shares of GE Aerospace $GE

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in GE Aerospace by 16.9%, acquiring an additional 104,717 shares and totaling 724,357 shares worth approximately $144.98 million.
• GE Aerospace recently reported $1.66 EPS for the quarter, exceeding analyst expectations of $1.43, with a revenue increase of 21.2% year-over-year.
• The company also announced a quarterly dividend of $0.36, translating to an annual yield of 0.5% and a payout ratio of 20.08%.

Caisse DE Depot ET Placement DU Quebec lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 16.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 724,357 shares of the company's stock after acquiring an additional 104,717 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.07% of GE Aerospace worth $144,980,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. NCM Capital Management LLC lifted its holdings in shares of GE Aerospace by 5.8% in the 1st quarter. NCM Capital Management LLC now owns 1,302 shares of the company's stock worth $261,000 after acquiring an additional 71 shares during the last quarter. Brooks Moore & Associates Inc. lifted its holdings in shares of GE Aerospace by 6.3% in the 1st quarter. Brooks Moore & Associates Inc. now owns 4,667 shares of the company's stock worth $934,000 after acquiring an additional 277 shares during the last quarter. Apexium Financial LP lifted its holdings in shares of GE Aerospace by 20.1% in the 1st quarter. Apexium Financial LP now owns 1,574 shares of the company's stock worth $315,000 after acquiring an additional 263 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth approximately $9,697,000. Finally, Synovus Financial Corp lifted its holdings in shares of GE Aerospace by 0.6% in the 1st quarter. Synovus Financial Corp now owns 25,692 shares of the company's stock worth $5,142,000 after acquiring an additional 149 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GE has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Stock Down 0.7%

Shares of NYSE GE opened at $266.7680 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $281.50. The firm has a market capitalization of $282.89 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44. The firm has a fifty day simple moving average of $259.88 and a two-hundred day simple moving average of $226.68.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS 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 analyst estimates of $9.49 billion. During the same period in the prior year, the business earned $1.20 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is presently 20.08%.

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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