AQR Capital Management LLC Has $791.06 Million Holdings in GE Aerospace $GE

AQR Capital Management LLC lessened its stake in shares of GE Aerospace (NYSE:GE) by 16.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,087,318 shares of the company’s stock after selling 593,777 shares during the quarter. GE Aerospace accounts for about 0.7% of AQR Capital Management LLC’s investment portfolio, making the stock its 11th largest position. AQR Capital Management LLC owned 0.29% of GE Aerospace worth $791,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of GE. Terril Brothers Inc. grew its holdings in shares of GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock worth $362,000 after purchasing an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of GE Aerospace by 5.0% during the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock valued at $199,000 after purchasing an additional 37 shares during the last quarter. Old North State Wealth Management LLC grew its stake in shares of GE Aerospace by 1.9% during the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after purchasing an additional 39 shares during the last quarter. Stephens Consulting LLC increased its holdings in shares of GE Aerospace by 18.0% in the second quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after purchasing an additional 39 shares in the last quarter. Finally, Francis Financial Inc. increased its holdings in shares of GE Aerospace by 3.3% in the second quarter. Francis Financial Inc. now owns 1,215 shares of the company’s stock valued at $313,000 after purchasing an additional 39 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GE. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. 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 report on Tuesday, October 7th. BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. 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 report on Friday, October 17th. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Stock Performance

Shares of GE opened at $300.23 on Friday. The stock has a market capitalization of $316.69 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.24 and a beta of 1.40. The firm has a fifty day simple moving average of $299.55 and a 200 day simple moving average of $277.98. 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 $316.67.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be issued 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 is Monday, December 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

Insider Transactions at GE Aerospace

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

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.