GE Aerospace (NYSE:GE) is Untitled Investments LP’s 9th Largest Position

Untitled Investments LP grew its position in shares of GE Aerospace (NYSE:GE) by 29.8% during the fourth quarter, HoldingsChannel reports. The firm owned 134,419 shares of the company’s stock after buying an additional 30,825 shares during the period. GE Aerospace accounts for approximately 5.5% of Untitled Investments LP’s holdings, making the stock its 9th largest holding. Untitled Investments LP’s holdings in GE Aerospace were worth $22,420,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC grew its stake in GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace in the 4th quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in GE Aerospace during the fourth quarter worth $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GE has been the topic of a number of research reports. UBS Group increased their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised 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. Bank of America upped 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. Northcoast Research upgraded 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $216.92.

GE Aerospace Stock Performance

Shares of GE opened at $200.89 on Tuesday. The firm has a 50-day moving average price of $194.18 and a 200 day moving average price of $186.72. The firm has a market capitalization of $215.61 billion, a PE ratio of 33.54, a P/E/G ratio of 2.59 and a beta of 1.04. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.06 billion. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace’s dividend payout ratio is currently 22.40%.

Insiders Place Their Bets

In related news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This represents a 26.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.