Vista Finance LLC Acquires New Stake in GE Aerospace $GE

Key Points

• Vista Finance LLC acquired a new stake in GE Aerospace, purchasing 889 shares valued at approximately $229,000 during the second quarter.
• Multiple institutional investors have increased their stakes in GE Aerospace, including a notable 186.7% increase by Global Assets Advisory LLC in the first quarter.
• GE Aerospace is experiencing strong analyst support, with fifteen analysts giving the stock a "Buy" rating and target prices significantly above its current market value.

Vista Finance LLC acquired a new stake in GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 889 shares of the company's stock, valued at approximately $229,000.

Other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. lifted its stake in GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock valued at $437,000 after purchasing an additional 331 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after acquiring an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth $203,000. Concurrent Investment Advisors LLC lifted its position in shares of GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after acquiring an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC lifted its position in shares of GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after acquiring an additional 9,580 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GE. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup restated a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $350.00 target price on shares of GE Aerospace in a research report on Wednesday, October 8th. Jefferies Financial Group increased their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Finally, UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $267.13.

GE Aerospace Stock Up 0.3%

GE opened at $300.60 on Friday. The stock has a market cap of $318.77 billion, a PE ratio of 41.92, a P/E/G ratio of 3.23 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The business's fifty day simple moving average is $286.07 and its 200 day simple moving average is $250.77.

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. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. As a group, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. 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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