Canada Pension Plan Investment Board Increases Stock Holdings in GE Aerospace $GE

Key Points

• The Canada Pension Plan Investment Board increased its stock holdings in GE Aerospace by 0.1% during the first quarter, owning approximately 7.56 million shares valued at $1.51 billion.
• Analysts are optimistic, with UBS raising its price target for GE Aerospace from $300 to $321, reflecting a strong "buy" rating alongside various other positive ratings from firms like Royal Bank of Canada and Citigroup.
• GE Aerospace reported Q2 earnings of $1.66 per share, which exceeded expectations and showed a 21.2% increase in revenue compared to the same quarter last year.

Canada Pension Plan Investment Board increased its holdings in GE Aerospace (NYSE:GE - Free Report) by 0.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,556,694 shares of the company's stock after buying an additional 5,656 shares during the period. GE Aerospace comprises about 1.5% of Canada Pension Plan Investment Board's holdings, making the stock its 13th largest position. Canada Pension Plan Investment Board owned about 0.71% of GE Aerospace worth $1,512,472,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. purchased a new stake in shares of GE Aerospace in the first quarter valued at about $42,000. WPG Advisers LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $269,000. Tema Etfs LLC lifted its stake in GE Aerospace by 120.5% in the 1st quarter. Tema Etfs LLC now owns 15,924 shares of the company's stock valued at $3,187,000 after buying an additional 8,703 shares in the last quarter. Trexquant Investment LP grew its holdings in GE Aerospace by 21,092.6% during the 1st quarter. Trexquant Investment LP now owns 299,028 shares of the company's stock valued at $59,850,000 after buying an additional 297,617 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in GE Aerospace during the first quarter worth $182,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group upped their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Royal Bank Of Canada raised their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

Shares of GE stock opened at $276.30 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market capitalization of $292.99 billion, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 2.94 and a beta of 1.44. GE Aerospace has a one year low of $159.36 and a one year high of $281.50. The company has a 50 day moving average price of $262.83 and a 200 day moving average price of $228.25.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current 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 issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

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.

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