Aquatic Capital Management LLC Cuts Stake in GE Aerospace (NYSE:GE)

Aquatic Capital Management LLC reduced its holdings in GE Aerospace (NYSE:GE - Free Report) by 53.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,524 shares of the company's stock after selling 104,676 shares during the period. Aquatic Capital Management LLC's holdings in GE Aerospace were worth $15,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Johnson & White Wealth Management LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $733,000. Chung Wu Investment Group LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth approximately $795,000. National Bank of Canada FI increased its holdings in GE Aerospace by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after purchasing an additional 29,844 shares during the last quarter. World Investment Advisors LLC lifted its stake in GE Aerospace by 60.7% during the third quarter. World Investment Advisors LLC now owns 13,662 shares of the company's stock worth $2,576,000 after purchasing an additional 5,162 shares in the last quarter. Finally, National Pension Service grew its stake in shares of GE Aerospace by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the company's stock valued at $376,051,000 after buying an additional 37,884 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GE shares. UBS Group upped their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Bank of America boosted their target price on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Trading Up 0.6 %

GE traded up $1.14 during trading on Friday, hitting $198.55. The company's stock had a trading volume of 4,390,590 shares, compared to its average volume of 5,397,810. The firm's 50 day moving average price is $194.36 and its 200-day moving average price is $186.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21. The stock has a market cap of $213.10 billion, a PE ratio of 33.15, a PEG ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The business had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. On average, analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's payout ratio is 22.40%.

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.