GE Aerospace $GE Shares Bought by Federation des caisses Desjardins du Quebec

Federation des caisses Desjardins du Quebec grew its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 22.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,178 shares of the company's stock after purchasing an additional 21,947 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in GE Aerospace were worth $23,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after acquiring an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. acquired a new position in shares of GE Aerospace in the 1st quarter valued at $203,000. Sendero Wealth Management LLC increased its holdings in shares of GE Aerospace by 526.6% in the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after acquiring an additional 12,613 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of GE Aerospace by 25.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after acquiring an additional 8,245 shares during the period. Finally, Global Assets Advisory LLC increased its holdings in shares of GE Aerospace by 186.7% in the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after acquiring an additional 9,580 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GE shares. Barclays lifted their target price 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. Citigroup reaffirmed a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday. Royal Bank Of Canada lifted their target price 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. Finally, UBS Group lifted their price objective 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. 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Performance

NYSE:GE opened at $275.36 on Wednesday. The firm's fifty day moving average price is $264.62 and its 200 day moving average price is $229.77. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $281.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm has a market cap of $292.00 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 2.96 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share 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 firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the firm posted $1.20 EPS. GE Aerospace's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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