Caisse Des Depots ET Consignations Cuts Holdings in GE Aerospace (NYSE:GE)

Caisse Des Depots ET Consignations decreased its stake in GE Aerospace (NYSE:GE - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,435 shares of the company's stock after selling 4,151 shares during the period. Caisse Des Depots ET Consignations' holdings in GE Aerospace were worth $9,294,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GE. GAMMA Investing LLC raised its position in GE Aerospace by 23,611.7% in the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after acquiring an additional 5,044,632 shares during the period. Janus Henderson Group PLC raised its position in GE Aerospace by 87.7% in the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock worth $597,412,000 after acquiring an additional 1,673,365 shares during the period. Nuveen Asset Management LLC raised its position in GE Aerospace by 32.1% in the fourth quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company's stock worth $576,034,000 after acquiring an additional 838,954 shares during the period. Canada Pension Plan Investment Board raised its position in GE Aerospace by 11.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,551,038 shares of the company's stock worth $1,259,438,000 after acquiring an additional 781,574 shares during the period. Finally, Vanguard Group Inc. raised its position in GE Aerospace by 0.8% in the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock worth $18,115,065,000 after acquiring an additional 692,124 shares during the period. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

GE Aerospace stock opened at $271.89 on Friday. The firm's 50 day simple moving average is $254.73 and its 200 day simple moving average is $220.90. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $288.33 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 2.93 and a beta of 1.44. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $277.00.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. GE Aerospace's revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. As a group, analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. UBS Group boosted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays boosted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $232.92.

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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