Rehmann Capital Advisory Group Boosts Stock Position in GE Aerospace (NYSE:GE)

Rehmann Capital Advisory Group raised its holdings in GE Aerospace (NYSE:GE) by 19.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,106 shares of the company’s stock after acquiring an additional 671 shares during the quarter. Rehmann Capital Advisory Group’s holdings in GE Aerospace were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Age Alpha Advisors LLC increased its holdings in GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of GE Aerospace during the fourth quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace during the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new stake in GE Aerospace in the fourth quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in GE Aerospace during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 1.1 %

GE Aerospace stock opened at $203.72 on Friday. The stock has a 50-day moving average price of $194.14 and a 200 day moving average price of $187.00. The company has a market capitalization of $217.24 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth 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 released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating 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 the consensus estimate of $9.06 billion. Sell-side analysts anticipate 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. Stockholders of record on Monday, March 10th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Monday, March 10th. This is a boost from GE Aerospace’s previous quarterly dividend of $0.28. GE Aerospace’s payout ratio is 22.40%.

Insider Transactions at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at $1,766,899.35. The trade was a 15.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their target price on GE Aerospace from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company raised their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.92.

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.