GE Aerospace $GE Shares Bought by Oregon Public Employees Retirement Fund

by · The Cerbat Gem

Oregon Public Employees Retirement Fund increased its position in GE Aerospace (NYSE:GEFree Report) by 31.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,253 shares of the company’s stock after acquiring an additional 29,117 shares during the period. GE Aerospace makes up about 0.5% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 27th biggest position. Oregon Public Employees Retirement Fund’s holdings in GE Aerospace were worth $36,475,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. raised its position in shares of GE Aerospace by 23.5% during the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after purchasing an additional 331 shares during the last quarter. Diversified Trust Co boosted its position in shares of GE Aerospace by 21.3% in the third quarter. Diversified Trust Co now owns 32,021 shares of the company’s stock worth $9,633,000 after acquiring an additional 5,625 shares during the last quarter. Cadinha & Co. LLC boosted its holdings in shares of GE Aerospace by 154.8% in the 3rd quarter. Cadinha & Co. LLC now owns 97,280 shares of the company’s stock valued at $29,264,000 after purchasing an additional 59,106 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in GE Aerospace by 1.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock valued at $41,101,000 after acquiring an additional 2,779 shares during the period. Finally, Czech National Bank grew its stake in GE Aerospace by 3.3% during the third quarter. Czech National Bank now owns 269,330 shares of the company’s stock worth $81,020,000 after buying an additional 8,668 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on GE. TD Cowen lifted their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. BNP Paribas Exane assumed coverage on shares of GE Aerospace in a research report on Tuesday, November 18th. They set an “underperform” rating for the company. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $309.94.

Check Out Our Latest Research Report on GE

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $314.62 on Friday. The company has a market cap of $331.86 billion, a PE ratio of 42.00, a P/E/G ratio of 2.21 and a beta of 1.40. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $332.79. The stock has a 50 day simple moving average of $303.03 and a 200-day simple moving average of $287.04.

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

GE Aerospace Announces Dividend

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

GE Aerospace Profile

(Free Report)

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.

Read More