Robeco Institutional Asset Management B.V. Reduces Holdings in GE Aerospace (NYSE:GE)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of GE Aerospace (NYSE:GE) by 18.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 817,555 shares of the company’s stock after selling 187,054 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.08% of GE Aerospace worth $163,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares in the last quarter. FourThought Financial Partners LLC bought a new stake in GE Aerospace during the 4th quarter worth approximately $507,000. Los Angeles Capital Management LLC raised its stake in GE Aerospace by 33.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 165,509 shares of the company’s stock worth $27,605,000 after acquiring an additional 41,521 shares during the period. Finally, FFT Wealth Management LLC purchased a new position in GE Aerospace during the fourth quarter valued at approximately $338,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GE. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company upped their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.15.

Insider Activity

In related news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

GE Aerospace Trading Up 0.4%

Shares of GE Aerospace stock opened at $249.86 on Thursday. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The business has a 50-day moving average price of $225.79 and a 200-day moving average price of $201.64. The firm has a market cap of $266.45 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 3.00 and a beta of 1.38.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

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.