Evergreen Quality Fund GP Ltd. Has $341.77 Million Holdings in GE Aerospace $GE

Evergreen Quality Fund GP Ltd. increased its holdings in GE Aerospace (NYSE:GE) by 9.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,707,570 shares of the company’s stock after purchasing an additional 149,070 shares during the quarter. GE Aerospace comprises about 12.8% of Evergreen Quality Fund GP Ltd.’s portfolio, making the stock its 4th biggest holding. Evergreen Quality Fund GP Ltd.’s holdings in GE Aerospace were worth $341,770,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GE. Vanguard Group Inc. grew its position in GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock valued at $18,115,065,000 after buying an additional 692,124 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares during the period. Invesco Ltd. boosted its holdings in shares of GE Aerospace by 0.6% in the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock valued at $1,921,344,000 after acquiring an additional 54,765 shares in the last quarter. GQG Partners LLC acquired a new position in shares of GE Aerospace during the first quarter valued at approximately $1,606,840,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in GE Aerospace by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,184,973 shares of the company’s stock worth $1,198,382,000 after purchasing an additional 628,458 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Down 0.3%

Shares of GE Aerospace stock opened at $275.11 on Monday. The stock has a 50-day simple moving average of $263.56 and a 200-day simple moving average of $228.98. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $281.50. The firm has a market cap of $291.74 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 2.96 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GE shares. UBS Group upped their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $232.92.

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.