Los Angeles Capital Management LLC Has $65.99 Million Stock Holdings in GE Aerospace (NYSE:GE)

Los Angeles Capital Management LLC grew its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 99.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 329,710 shares of the company's stock after acquiring an additional 164,201 shares during the quarter. Los Angeles Capital Management LLC's holdings in GE Aerospace were worth $65,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Genesis Wealth Advisors LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at $214,000. Lindbrook Capital LLC raised its holdings in GE Aerospace by 7.0% during the first quarter. Lindbrook Capital LLC now owns 7,030 shares of the company's stock valued at $1,407,000 after acquiring an additional 462 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in GE Aerospace by 3.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 83,526 shares of the company's stock worth $16,718,000 after acquiring an additional 3,144 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of GE Aerospace by 222.4% in the first quarter. J.W. Cole Advisors Inc. now owns 45,814 shares of the company's stock valued at $9,170,000 after purchasing an additional 31,603 shares during the period. Finally, Signet Investment Advisory Group Inc. bought a new position in GE Aerospace in the first quarter worth approximately $222,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Buying and Selling

In other news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the sale, the senior vice president owned 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president directly owned 11,540 shares of the company's stock, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

GE Aerospace Stock Performance

Shares of GE opened at $263.49 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market capitalization of $280.98 billion, a PE ratio of 36.75, a PEG ratio of 3.09 and a beta of 1.37. The company's 50 day moving average price is $244.37 and its 200 day moving average price is $212.06. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $272.80.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results 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. 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 quarter in the previous year, the firm posted $1.20 EPS. The business's revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.55%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

Several research firms have commented on GE. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday. Citigroup reaffirmed a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $240.33.

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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