S&CO Inc. Sells 495 Shares of GE Aerospace (NYSE:GE)

S&CO Inc. lowered its stake in shares of GE Aerospace (NYSE:GE) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,208 shares of the company’s stock after selling 495 shares during the period. S&CO Inc.’s holdings in GE Aerospace were worth $8,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Banque Cantonale Vaudoise bought a new stake in shares of GE Aerospace in the 1st quarter valued at $7,546,000. GSA Capital Partners LLP grew its stake in GE Aerospace by 37.0% in the first quarter. GSA Capital Partners LLP now owns 4,230 shares of the company’s stock valued at $847,000 after acquiring an additional 1,143 shares during the period. Federated Hermes Inc. increased its holdings in shares of GE Aerospace by 2.8% in the first quarter. Federated Hermes Inc. now owns 725,454 shares of the company’s stock worth $145,200,000 after acquiring an additional 19,638 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of GE Aerospace in the first quarter worth about $263,000. Finally, Canopy Partners LLC raised its position in shares of GE Aerospace by 3.6% during the first quarter. Canopy Partners LLC now owns 2,469 shares of the company’s stock worth $494,000 after purchasing an additional 85 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on GE shares. Citigroup restated a “buy” rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada lifted their price target on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Northcoast Research lowered GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Finally, UBS Group increased their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.92.

GE Aerospace Trading Down 0.4%

Shares of GE Aerospace stock opened at $270.58 on Tuesday. The stock has a market cap of $286.93 billion, a P/E ratio of 37.74, a P/E/G ratio of 3.11 and a beta of 1.37. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $273.44. The business’s 50 day moving average is $249.09 and its 200-day moving average is $216.28.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 earnings per share. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.53%. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

GE Aerospace Company 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.