GE Aerospace $GE Stock Bought by Trek Financial LLC

Trek Financial LLC increased its position in shares of GE Aerospace (NYSE:GE) by 2,048.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,243 shares of the company’s stock after buying an additional 19,301 shares during the quarter. Trek Financial LLC’s holdings in GE Aerospace were worth $6,322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. Traynor Capital Management Inc. boosted its position in GE Aerospace by 14.4% during the third quarter. Traynor Capital Management Inc. now owns 2,693 shares of the company’s stock valued at $841,000 after purchasing an additional 338 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in GE Aerospace by 2.5% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,428,384 shares of the company’s stock worth $447,082,000 after acquiring an additional 35,228 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in GE Aerospace during the third quarter worth $107,247,000. SFE Investment Counsel lifted its stake in GE Aerospace by 5.4% in the third quarter. SFE Investment Counsel now owns 12,654 shares of the company’s stock valued at $3,952,000 after acquiring an additional 652 shares during the last quarter. Finally, Stevens Capital Partners grew its position in shares of GE Aerospace by 40.7% in the 3rd quarter. Stevens Capital Partners now owns 757 shares of the company’s stock valued at $237,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $378.00 target price on shares of GE Aerospace in a research note on Wednesday, October 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $410.00 target price on shares of GE Aerospace in a report on Monday, July 20th. TD Cowen reaffirmed a “buy” rating and set a $380.00 target price (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Susquehanna decreased their price target on shares of GE Aerospace from $430.00 to $400.00 and set a “positive” rating on the stock in a research note on Wednesday, October 21st. Finally, Vertical Research reissued a “buy” rating and issued a $400.00 price target on shares of GE Aerospace in a report on Tuesday, October 20th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $373.45.

GE Aerospace Stock Performance

Shares of GE stock opened at $301.58 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84. The firm has a market capitalization of $311.64 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43. The firm has a fifty day simple moving average of $317.37 and a two-hundred day simple moving average of $323.12.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.24. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The company had revenue of $13.29 billion for the quarter, compared to analyst estimates of $12.88 billion. During the same quarter last year, the company earned $1.66 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. Analysts forecast that GE Aerospace will post 8.16 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were paid a $0.47 dividend. The ex-dividend date was Monday, October 5th. This represents a $1.88 annualized dividend and a yield of 0.6%. GE Aerospace’s dividend payout ratio is presently 21.68%.

About GE Aerospace

GE Aerospace (NYSE: GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its products support commercial air transport, business and general aviation, military aircraft, and other defense applications. The company also provides engine components, avionics, mechanical systems, digital solutions and maintenance, repair and overhaul services.

GE Aerospace serves airlines, aircraft operators, leasing companies, airframers and government customers worldwide.