PDT Partners LLC Buys Shares of 12,603 GE Aerospace $GE

PDT Partners LLC bought a new stake in GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,603 shares of the company's stock, valued at approximately $2,522,000.

A number of other large investors have also recently modified their holdings of GE. GQG Partners LLC acquired a new stake in shares of GE Aerospace in the 1st quarter valued at $1,606,840,000. GAMMA Investing LLC boosted its holdings in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares in the last quarter. Nuveen LLC acquired a new stake in shares of GE Aerospace in the 1st quarter valued at $777,075,000. Janus Henderson Group PLC boosted its holdings in shares of GE Aerospace by 87.7% in the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after purchasing an additional 1,673,365 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock valued at $5,030,028,000 after acquiring an additional 1,492,486 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Ratings Changes

GE has been the subject of a number of research reports. UBS Group increased their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Citigroup reaffirmed a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company raised their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Stock Performance

GE stock opened at $275.11 on Tuesday. The stock has a 50-day moving average price of $264.10 and a 200-day moving average price of $229.45. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $281.50. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market cap of $291.74 billion, a PE ratio of 38.37, 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, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the company posted $1.20 EPS. The business'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. As a group, equities research analysts expect 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 was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. 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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