Moors & Cabot Inc. Sells 109 Shares of GE Aerospace (NYSE:GE)

Moors & Cabot Inc. cut its stake in GE Aerospace (NYSE:GE) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,622 shares of the company’s stock after selling 109 shares during the period. Moors & Cabot Inc.’s holdings in GE Aerospace were worth $3,127,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of GE Aerospace by 23,611.7% during the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock worth $1,013,959,000 after buying an additional 5,044,632 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of GE Aerospace by 87.7% during the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company’s stock worth $597,412,000 after buying an additional 1,673,365 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of GE Aerospace by 14.4% during the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company’s stock worth $1,591,970,000 after buying an additional 1,204,910 shares in the last quarter. FMR LLC boosted its holdings in shares of GE Aerospace by 1.5% during the 4th quarter. FMR LLC now owns 66,823,968 shares of the company’s stock worth $11,145,570,000 after buying an additional 965,012 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of GE Aerospace by 32.1% during the 4th quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company’s stock worth $576,034,000 after buying an additional 838,954 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GE shares. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Friday, July 18th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $232.92.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $269.49 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $252.13 and its two-hundred day simple moving average is $218.37. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $274.94. The stock has a market cap of $285.78 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.92 and a beta of 1.44.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating 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 analysts’ expectations of $9.49 billion. During the same period last year, the business earned $1.20 EPS. The business’s revenue was up 21.2% on a year-over-year basis. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

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.