Mirae Asset Global Investments Co. Ltd. Raises Position in GE Aerospace (NYSE:GE)

Mirae Asset Global Investments Co. Ltd. increased its holdings in GE Aerospace (NYSE:GE - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 170,247 shares of the company's stock after acquiring an additional 22,927 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in GE Aerospace were worth $34,029,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Truvestments Capital LLC raised its holdings in shares of GE Aerospace by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after acquiring an additional 49 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after acquiring an additional 50 shares in the last quarter. Ballast Advisors LLC raised its holdings in shares of GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after acquiring an additional 51 shares in the last quarter. First Pacific Financial raised its holdings in shares of GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Finally, Blue Barn Wealth LLC raised its holdings in shares of GE Aerospace by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock worth $245,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at $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 is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Trading Up 1.4%

GE Aerospace stock opened at $254.50 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. The business's 50-day simple moving average is $228.63 and its 200-day simple moving average is $203.00. The firm has a market capitalization of $271.39 billion, a PE ratio of 39.58, a PEG ratio of 3.07 and a beta of 1.38. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $260.55.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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 paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.57%. GE Aerospace's payout ratio is presently 22.40%.

Analyst Ratings Changes

GE has been the topic of several recent research reports. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group raised their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Finally, Citigroup cut their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $223.75.

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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