GE Aerospace $GE Shares Purchased by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA significantly increased its position in GE Aerospace by 133.1%, holding shares valued at $2.45 million after purchasing additional shares in the 1st quarter.
• Analysts are optimistic about GE Aerospace, with ten analysts currently rating it a "Buy," while several firms have raised their target prices substantially, some to over $300.
• The company reported earnings of $1.66 per share, exceeding expectations, with a revenue increase of 21.2% year-over-year, and has set guidance for FY 2025 at 5.600-5.800 EPS.

Banque Transatlantique SA increased its position in GE Aerospace (NYSE:GE - Free Report) by 133.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,221 shares of the company's stock after buying an additional 7,548 shares during the period. Banque Transatlantique SA's holdings in GE Aerospace were worth $2,445,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Atalanta Sosnoff Capital LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $59,074,000. Advisors Asset Management Inc. grew its holdings in GE Aerospace by 35.9% in the first quarter. Advisors Asset Management Inc. now owns 28,906 shares of the company's stock valued at $5,786,000 after purchasing an additional 7,642 shares during the period. Alyeska Investment Group L.P. grew its holdings in GE Aerospace by 27.3% in the first quarter. Alyeska Investment Group L.P. now owns 242,814 shares of the company's stock valued at $48,599,000 after purchasing an additional 52,141 shares during the period. Ancora Advisors LLC grew its holdings in GE Aerospace by 22.9% in the first quarter. Ancora Advisors LLC now owns 3,412 shares of the company's stock valued at $683,000 after purchasing an additional 636 shares during the period. Finally, Amundi grew its holdings in GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company's stock valued at $600,506,000 after purchasing an additional 1,771,944 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Down 0.9%

Shares of NYSE GE traded down $2.62 during trading on Friday, reaching $279.65. 4,950,277 shares of the stock were exchanged, compared to its average volume of 4,005,729. The business's 50-day moving average price is $266.25 and its 200 day moving average price is $231.07. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $284.41. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $296.55 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 3.04 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced 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%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's payout ratio is presently 20.08%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada boosted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

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.