11 Capital Partners LP Acquires 33,900 Shares of GE Aerospace (NYSE:GE)

11 Capital Partners LP boosted its holdings in GE Aerospace (NYSE:GE) by 28.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 152,227 shares of the company’s stock after acquiring an additional 33,900 shares during the period. GE Aerospace accounts for 10.2% of 11 Capital Partners LP’s investment portfolio, making the stock its 3rd largest holding. 11 Capital Partners LP’s holdings in GE Aerospace were worth $25,390,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter worth about $3,400,000. Westside Investment Management Inc. increased its holdings in shares of GE Aerospace by 6.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,245 shares of the company’s stock worth $235,000 after buying an additional 70 shares during the last quarter. Diamant Asset Management Inc. raised its position in shares of GE Aerospace by 2.7% in the 3rd quarter. Diamant Asset Management Inc. now owns 6,098 shares of the company’s stock worth $1,150,000 after buying an additional 158 shares during the period. Morse Asset Management Inc boosted its holdings in GE Aerospace by 30.2% in the third quarter. Morse Asset Management Inc now owns 18,616 shares of the company’s stock valued at $3,511,000 after acquiring an additional 4,320 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its position in GE Aerospace by 1.9% during the third quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the company’s stock valued at $2,308,000 after acquiring an additional 232 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the sale, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This trade represents a 26.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

GE Aerospace Trading Up 1.2 %

NYSE:GE opened at $200.89 on Tuesday. The company has a market cap of $214.23 billion, a PE ratio of 33.54, a P/E/G ratio of 2.59 and a beta of 1.04. The business’s 50 day moving average is $194.18 and its two-hundred day moving average is $186.72. 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 has a 52 week low of $150.20 and a 52 week high of $214.21.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

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

Analyst Ratings Changes

GE has been the subject of a number of research reports. Citigroup decreased their target price on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Redburn Atlantic began coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. 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 report on Thursday, January 2nd. Wells Fargo & Company raised their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.92.

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.