Sapient Capital LLC Has $52.31 Million Stake in GE Aerospace $GE

Sapient Capital LLC lifted its stake in GE Aerospace (NYSE:GE) by 7.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 177,673 shares of the company’s stock after purchasing an additional 12,365 shares during the quarter. GE Aerospace accounts for approximately 0.8% of Sapient Capital LLC’s investment portfolio, making the stock its 19th largest holding. Sapient Capital LLC’s holdings in GE Aerospace were worth $52,306,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GE. Ameriflex Group Inc. raised its holdings in GE Aerospace by 23.5% in the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock valued at $437,000 after buying an additional 331 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in GE Aerospace by 1.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock worth $41,101,000 after acquiring an additional 2,779 shares during the last quarter. Czech National Bank raised its stake in shares of GE Aerospace by 3.3% during the third quarter. Czech National Bank now owns 269,330 shares of the company’s stock valued at $81,020,000 after acquiring an additional 8,668 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of GE Aerospace by 7.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock worth $46,876,000 after purchasing an additional 11,873 shares during the period. Finally, Vigilare Wealth Management acquired a new position in shares of GE Aerospace during the second quarter worth $627,000. Institutional investors own 74.77% of the company’s stock.

Insider Activity

In related news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. BNP Paribas Exane started coverage on GE Aerospace in a research note on Tuesday, November 18th. They issued an “underperform” rating for the company. BNP Paribas upgraded GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada lifted their price objective on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

GE Aerospace Stock Down 0.5%

Shares of NYSE:GE opened at $315.30 on Friday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $318.06. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The business’s 50-day moving average is $301.31 and its 200-day moving average is $282.42. The company has a market capitalization of $332.58 billion, a price-to-earnings ratio of 42.10, a P/E/G ratio of 2.43 and a beta of 1.40.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 19.23%.

GE Aerospace Company Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single?aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.