KADENSA CAPITAL Ltd Raises Position in GE Aerospace $GE

Key Points

• KADENSA CAPITAL Ltd increased its stake in GE Aerospace by 55.5%, acquiring an additional 34,198 shares to bring its total holdings to 95,825 shares. This investment is now valued at $19.18 million.
• Several other institutional investors also expanded their positions in GE Aerospace, with notable increases including Sendero Wealth Management LLC raising its stake by 526.6%.
• GE Aerospace reported a strong quarterly performance with $1.66 EPS exceeding analysts' expectations and revenue of $10.15 billion, up 21.2% year-over-year.

KADENSA CAPITAL Ltd boosted its holdings in GE Aerospace (NYSE:GE - Free Report) by 55.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,825 shares of the company's stock after purchasing an additional 34,198 shares during the period. GE Aerospace comprises 2.4% of KADENSA CAPITAL Ltd's portfolio, making the stock its 11th largest position. KADENSA CAPITAL Ltd's holdings in GE Aerospace were worth $19,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. GQG Partners LLC acquired a new stake in GE Aerospace in the 1st quarter valued at approximately $1,606,840,000. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 5,044,632 shares during the period. Nuveen LLC purchased a new stake in shares of GE Aerospace during the first quarter worth $777,075,000. Amundi raised its holdings in shares of GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after acquiring an additional 1,771,944 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in GE Aerospace by 87.7% during the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after buying an additional 1,673,365 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Down 1.2%

Shares of NYSE:GE traded down $3.43 during midday trading on Monday, hitting $275.80. 4,957,053 shares of the company's stock were exchanged, compared to its average volume of 5,896,289. 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 stock has a 50 day moving average price of $266.25 and a 200-day moving average price of $231.37. The company has a market cap of $292.47 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 3.00 and a beta of 1.48. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $284.41.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm posted $1.20 EPS. The firm's quarterly revenue 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, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analysts Set New Price Targets

GE has been the topic of several research analyst reports. Royal Bank Of Canada raised their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten investment 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.com, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

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.