Trexquant Investment LP Buys 297,617 Shares of GE Aerospace $GE

Key Points

• Trexquant Investment LP significantly increased its stake in GE Aerospace by 21,092.6% during Q1, acquiring an additional 297,617 shares, which now constitute its 5th largest position.
• Institutional investors collectively own 74.77% of GE Aerospace's stock, indicating strong institutional interest; notable acquisitions in Q1 include GQG Partners' new stake valued at $1.6 billion and GAMMA Investing's stake boost of over 23,611.7%.
• GE Aerospace reported $1.66 earnings per share, exceeding estimates, with a quarterly revenue of $10.15 billion, up 21.2% year-over-year.

Trexquant Investment LP boosted its stake in GE Aerospace (NYSE:GE - Free Report) by 21,092.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,028 shares of the company's stock after buying an additional 297,617 shares during the quarter. GE Aerospace makes up about 0.7% of Trexquant Investment LP's investment portfolio, making the stock its 5th largest position. Trexquant Investment LP's holdings in GE Aerospace were worth $59,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank Of Canada boosted their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Barclays boosted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Trading Down 0.1%

GE stock opened at $273.73 on Thursday. The company has a market cap of $290.28 billion, a P/E ratio of 38.18, a PEG ratio of 2.95 and a beta of 1.44. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $262.02 and a 200-day moving average of $227.76.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. 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 EPS for the current year.

GE Aerospace Dividend Announcement

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

About GE Aerospace

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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