GE Aerospace $GE Shares Bought by Caisse DE Depot ET Placement DU Quebec

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

Other institutional investors also recently bought and sold shares of the company. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace in the 1st quarter worth approximately $203,000. Smartleaf Asset Management LLC lifted its stake in GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after purchasing an additional 1,201 shares in the last quarter. Sendero Wealth Management LLC lifted its stake in GE Aerospace by 526.6% in the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after purchasing an additional 12,613 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in GE Aerospace by 25.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after purchasing an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC lifted its stake in GE Aerospace by 186.7% in the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after purchasing an additional 9,580 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Citigroup restated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Trading Down 0.2%

Shares of GE stock traded down $0.51 during mid-day trading on Friday, reaching $275.49. The company's stock had a trading volume of 2,704,724 shares, compared to its average volume of 5,928,246. The company's 50 day simple moving average is $262.83 and its 200-day simple moving average is $228.25. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $281.50. 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 firm has a market capitalization of $292.14 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 2.94 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last issued its 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 net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the firm posted $1.20 EPS. The business's revenue for the quarter 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. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is 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.