APG Asset Management N.V. Has $126.36 Million Holdings in GE Aerospace $GE

Key Points

• APG Asset Management N.V. reduced its holdings in GE Aerospace by 25.4% in the 1st quarter, now owning 681,950 shares worth $126.36 million.
• Several institutional investors, including GQG Partners LLC and GAMMA Investing LLC, have significantly increased their stakes in GE Aerospace, indicating strong overall interest in the company's stock.
• Analysts have raised their price targets for GE Aerospace, with Citigroup setting a new target of $296.00, reflecting a bullish outlook as most analysts rate it as a "Moderate Buy."

APG Asset Management N.V. lessened its holdings in GE Aerospace (NYSE:GE - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 681,950 shares of the company's stock after selling 232,788 shares during the period. APG Asset Management N.V. owned 0.06% of GE Aerospace worth $126,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GE. GQG Partners LLC acquired a new stake in shares of GE Aerospace in the 1st quarter valued at $1,606,840,000. GAMMA Investing LLC lifted its stake in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares during the last quarter. Nuveen LLC acquired a new position in GE Aerospace during the 1st quarter worth $777,075,000. Janus Henderson Group PLC lifted its position in GE Aerospace by 87.7% during the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock worth $597,412,000 after acquiring an additional 1,673,365 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GE shares. Citigroup reissued a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada boosted their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Down 0.7%

Shares of GE opened at $266.7680 on Friday. The company has a 50-day simple moving average of $259.88 and a 200-day simple moving average of $226.39. The firm has a market capitalization of $282.89 billion, a P/E ratio of 37.21, a P/E/G ratio of 2.89 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is currently 20.08%.

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.

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