ABN AMRO Bank N.V. Trims Stake in GE Aerospace $GE

ABN AMRO Bank N.V. lessened its position in GE Aerospace (NYSE:GE) by 46.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,000 shares of the company’s stock after selling 1,747 shares during the quarter. ABN AMRO Bank N.V.’s holdings in GE Aerospace were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GE. Capital World Investors raised its holdings in GE Aerospace by 16.2% in the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after purchasing an additional 2,995,054 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of GE Aerospace by 21.5% during the 3rd quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock valued at $2,536,177,000 after buying an additional 1,494,541 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of GE Aerospace in the 3rd quarter worth about $285,263,000. Vanguard Group Inc. grew its position in shares of GE Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock worth $28,564,097,000 after buying an additional 699,364 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of GE Aerospace in the 4th quarter worth about $202,901,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GE. UBS Group dropped their price objective on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a research note on Wednesday, April 22nd. Jefferies Financial Group set a $365.00 target price on shares of GE Aerospace in a report on Sunday, April 26th. Citigroup cut their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Daiwa Securities Group began coverage on GE Aerospace in a research report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $349.89.

GE Aerospace Price Performance

Shares of GE opened at $301.00 on Tuesday. GE Aerospace has a twelve month low of $211.15 and a twelve month high of $348.48. The company has a market capitalization of $314.04 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.76 and a beta of 1.36. The firm has a 50 day moving average of $301.25 and a 200 day moving average of $306.26. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99.

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

GE Aerospace Company Profile

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.