Thoroughbred Financial Services LLC Sells 1,138 Shares of GE Aerospace (NYSE:GE)

Thoroughbred Financial Services LLC lessened its stake in GE Aerospace (NYSE:GE - Free Report) by 17.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,516 shares of the company's stock after selling 1,138 shares during the quarter. Thoroughbred Financial Services LLC's holdings in GE Aerospace were worth $1,104,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Northern Trust Corp boosted its holdings in GE Aerospace by 5.8% in the 4th quarter. Northern Trust Corp now owns 10,046,867 shares of the company's stock worth $1,675,717,000 after buying an additional 553,104 shares during the period. Canada Pension Plan Investment Board raised its holdings in GE Aerospace by 11.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,551,038 shares of the company's stock valued at $1,259,438,000 after acquiring an additional 781,574 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of GE Aerospace by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,184,973 shares of the company's stock worth $1,198,382,000 after acquiring an additional 628,458 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of GE Aerospace by 3.6% in the fourth quarter. Brown Advisory Inc. now owns 6,097,319 shares of the company's stock worth $1,016,972,000 after acquiring an additional 213,954 shares during the period. Finally, GAMMA Investing LLC grew 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 valued at $1,013,959,000 after purchasing an additional 5,044,632 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GE. Barclays increased their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Royal Bank Of Canada raised their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $272.35 on Thursday. The company's fifty day moving average price is $254.17 and its 200-day moving average price is $220.28. 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 firm has a market capitalization of $288.81 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 2.93 and a beta of 1.44. GE Aerospace has a one year low of $159.36 and a one year high of $277.00.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The firm's revenue was up 21.2% on a year-over-year basis. On average, equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

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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