Qtron Investments LLC Has $3.19 Million Stake in GE Aerospace $GE

Key Points

• Qtron Investments LLC increased its stake in GE Aerospace by 25.8%, acquiring an additional 3,264 shares to reach a total of 15,933 shares worth approximately $3.19 million.
• GE Aerospace reported earnings per share of $1.66, surpassing analyst estimates of $1.43, along with a significant year-over-year revenue growth of 21.2% to $10.15 billion.
• The company's latest quarterly dividend was $0.36, representing an annualized yield of 0.5% and a payout ratio of 20.08%.

Qtron Investments LLC lifted its stake in GE Aerospace (NYSE:GE - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,933 shares of the company's stock after acquiring an additional 3,264 shares during the period. Qtron Investments LLC's holdings in GE Aerospace were worth $3,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Putney Financial Group LLC bought a new position in shares of GE Aerospace during the 4th quarter worth about $28,000. IMA Advisory Services Inc. bought a new position in GE Aerospace during the first quarter valued at about $28,000. Copia Wealth Management increased its stake in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares during the period. First Pacific Financial raised its holdings in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Finally, O Brien Wealth Partners LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth approximately $33,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of GE traded up $1.7910 during trading hours on Thursday, hitting $268.2310. The stock had a trading volume of 3,263,057 shares, compared to its average volume of 6,008,246. The stock has a market capitalization of $284.44 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.86 and a beta of 1.44. 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 company's fifty day moving average is $258.69 and its two-hundred day moving average is $225.50. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $281.50.

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. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is 20.08%.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Citigroup reiterated 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. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.