GE Aerospace (NYSE:GE) Stock Position Increased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of GE Aerospace (NYSE:GE) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,186 shares of the company’s stock after purchasing an additional 10,560 shares during the period. Quantinno Capital Management LP’s holdings in GE Aerospace were worth $12,874,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brookstone Capital Management boosted its stake in shares of GE Aerospace by 5.7% during the 4th quarter. Brookstone Capital Management now owns 20,010 shares of the company’s stock worth $3,337,000 after acquiring an additional 1,083 shares in the last quarter. Cooper Financial Group boosted its position in shares of GE Aerospace by 40.1% in the fourth quarter. Cooper Financial Group now owns 2,257 shares of the company’s stock valued at $376,000 after acquiring an additional 646 shares during the period. Miracle Mile Advisors LLC lifted its position in GE Aerospace by 207.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 8,827 shares of the company’s stock worth $1,472,000 after purchasing an additional 5,957 shares during the period. BCS Wealth Management bought a new position in shares of GE Aerospace during the fourth quarter valued at $366,000. Finally, Marcum Wealth LLC lifted its holdings in shares of GE Aerospace by 12.4% during the fourth quarter. Marcum Wealth LLC now owns 3,535 shares of the company’s stock valued at $590,000 after acquiring an additional 391 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $222.40 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock’s fifty day moving average price is $196.64 and its two-hundred day moving average price is $188.71. GE Aerospace has a one year low of $150.20 and a one year high of $223.93. The firm has a market cap of $237.16 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.65%. GE Aerospace’s dividend payout ratio (DPR) is 22.40%.

Analyst Ratings Changes

GE has been the subject of a number of research analyst reports. Bank of America lifted their price target on GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Redburn Atlantic assumed coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price target on GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.92.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

GE Aerospace 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.