GE Aerospace $GE Shares Sold by Credit Agricole S A

Credit Agricole S A decreased its position in shares of GE Aerospace (NYSE:GE) by 62.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 637,152 shares of the company’s stock after selling 1,070,455 shares during the quarter. Credit Agricole S A owned 0.06% of GE Aerospace worth $127,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GE. GQG Partners LLC acquired a new stake in GE Aerospace in the 1st quarter valued at $1,606,840,000. GAMMA Investing LLC grew its stake in GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock valued at $1,013,959,000 after acquiring an additional 5,044,632 shares during the period. Nuveen LLC acquired a new stake in GE Aerospace in the 1st quarter valued at $777,075,000. Janus Henderson Group PLC grew its stake in GE Aerospace by 87.7% in the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company’s stock valued at $597,412,000 after acquiring an additional 1,673,365 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in GE Aerospace by 32.1% in the 4th quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company’s stock valued at $576,034,000 after acquiring an additional 838,954 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.2%

NYSE GE opened at $268.46 on Tuesday. GE Aerospace has a 52 week low of $159.36 and a 52 week 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’s fifty day simple moving average is $257.78 and its 200-day simple moving average is $224.93. The firm has a market cap of $284.69 billion, a PE ratio of 37.44, a P/E/G ratio of 2.88 and a beta of 1.44.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 20.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup reissued a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. UBS Group lifted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Friday. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $232.92.

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.