Quantinno Capital Management LP lifted its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 9.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 489,860 shares of the company’s stock after acquiring an additional 42,095 shares during the period. Quantinno Capital Management LP’s holdings in GE Aerospace were worth $139,008,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Blueline Advisors LLC acquired a new stake in GE Aerospace during the 4th quarter worth $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at $31,000. Tucker Asset Management LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at $32,000. Lifetime Wealth Management P.C. bought a new position in shares of GE Aerospace in the 4th quarter worth $40,000. Finally, Legacy Bridge LLC boosted its position in shares of GE Aerospace by 3,375.0% in the 4th quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the last quarter. 74.77% of the stock is owned by institutional investors.
GE Aerospace Stock Performance
GE stock opened at $361.79 on Tuesday. The business’s 50-day moving average price is $343.02 and its two-hundred day moving average price is $319.88. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The firm has a market cap of $375.37 billion, a PE ratio of 42.61, a P/E/G ratio of 2.70 and a beta of 1.35. GE Aerospace has a 1-year low of $261.71 and a 1-year high of $382.97.
GE Aerospace Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were paid a $0.47 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 22.14%.
Analysts Set New Price Targets
Several research firms have weighed in on GE. JPMorgan Chase & Co. increased their target price on GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Morgan Stanley lowered their price target on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $410.00 price target on shares of GE Aerospace in a research report on Monday, July 20th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $450.00 price objective on shares of GE Aerospace in a report on Monday. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $390.59.
Get Our Latest Research Report on GE Aerospace
GE Aerospace Company Profile
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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