ABN Amro Investment Solutions Purchases New Position in GE Aerospace $GE

ABN Amro Investment Solutions purchased a new stake in shares of GE Aerospace (NYSE:GEFree Report) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 38,367 shares of the company’s stock, valued at approximately $11,818,000.

Other hedge funds also recently bought and sold shares of the company. Rathbones Group PLC boosted its position in shares of GE Aerospace by 1.1% in the 4th quarter. Rathbones Group PLC now owns 159,906 shares of the company’s stock worth $49,256,000 after purchasing an additional 1,759 shares in the last quarter. IFP Advisors Inc boosted its position in shares of GE Aerospace by 11.9% in the 4th quarter. IFP Advisors Inc now owns 16,189 shares of the company’s stock worth $4,987,000 after purchasing an additional 1,721 shares in the last quarter. RPS Advisory Solutions LLC boosted its position in shares of GE Aerospace by 4.0% in the 4th quarter. RPS Advisory Solutions LLC now owns 1,810 shares of the company’s stock worth $558,000 after purchasing an additional 70 shares in the last quarter. Brown Wealth Management LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth approximately $206,000. Finally, Northbridge Financial Group LLC bought a new stake in shares of GE Aerospace in the 4th quarter worth approximately $582,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Thursday, January 22nd. BNP Paribas Exane lowered their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Sanford C. Bernstein upped their price objective on GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Finally, Daiwa Securities Group assumed coverage on GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $348.22.

Check Out Our Latest Research Report on GE Aerospace

GE Aerospace Stock Performance

GE stock opened at $300.11 on Thursday. The stock has a market capitalization of $313.11 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 2.65 and a beta of 1.36. GE Aerospace has a 12-month low of $228.01 and a 12-month high of $348.48. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $295.31 and its 200 day simple moving average is $305.42.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, research analysts forecast that GE Aerospace will post 7.46 earnings per share for the current fiscal year.

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About GE Aerospace

(Free Report)

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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