Aspiriant LLC Sells 525 Shares of GE Aerospace $GE

Aspiriant LLC lessened its stake in shares of GE Aerospace (NYSE:GE) by 10.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,662 shares of the company’s stock after selling 525 shares during the period. Aspiriant LLC’s holdings in GE Aerospace were worth $1,200,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of GE Aerospace by 0.8% in the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock worth $18,115,065,000 after acquiring an additional 692,124 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of GE Aerospace by 6.3% in the first 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 stake 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 worth $1,921,344,000 after acquiring an additional 54,765 shares during the period. GQG Partners LLC bought a new position in shares of GE Aerospace in the first quarter worth about $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of GE Aerospace by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock worth $1,536,387,000 after acquiring an additional 491,207 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE:GE opened at $300.60 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $318.77 billion, a P/E ratio of 41.92, a P/E/G ratio of 3.23 and a beta of 1.49. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The business’s 50-day moving average is $286.07 and its 200 day moving average is $250.42.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.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 business earned $1.20 earnings per share. On average, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given 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 is Monday, September 29th. GE Aerospace’s payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group upped their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $267.13.

About GE Aerospace

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.