Rathbones Group PLC Lowers Stock Position in GE Aerospace $GE

Rathbones Group PLC lessened its holdings in shares of GE Aerospace (NYSE:GE) by 26.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 149,006 shares of the company’s stock after selling 53,634 shares during the period. Rathbones Group PLC’s holdings in GE Aerospace were worth $38,353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameriflex Group Inc. increased its holdings in shares of GE Aerospace by 23.5% in the second 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. Smartleaf Asset Management LLC boosted its stake in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after buying an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace during the 1st quarter valued at approximately $203,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in GE Aerospace by 7.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock valued at $46,876,000 after buying an additional 11,873 shares in the last quarter. Finally, Leisure Capital Management bought a new stake in GE Aerospace in the 1st quarter worth approximately $222,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

NYSE:GE opened at $307.28 on Friday. The firm has a market capitalization of $324.13 billion, a PE ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56. The stock’s fifty day moving average is $296.88 and its 200 day moving average is $264.57. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

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

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GE shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a research report on Wednesday, October 8th. TD Cowen upped their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Citigroup reissued a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, UBS Group set a $366.00 target price on shares of GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace 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.