GE Aerospace $GE Shares Sold by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in GE Aerospace by 31.2%, selling 3,346 shares, leaving it with a total of 7,381 shares valued at approximately $1.48 million.
• GE Aerospace reported better-than-expected earnings of $1.66 per share for the latest quarter, surpassing the consensus estimate of $1.43, and its revenue increased by 21.2% year-over-year to $10.15 billion.
• Several institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have significantly increased their holdings in GE Aerospace, indicating strong institutional interest in the stock.

Campbell & CO Investment Adviser LLC decreased its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 31.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,381 shares of the company's stock after selling 3,346 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in GE Aerospace were worth $1,477,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GQG Partners LLC bought a new position in GE Aerospace in the 1st quarter valued at about $1,606,840,000. GAMMA Investing LLC lifted its stake in GE Aerospace by 23,611.7% in the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after buying an additional 5,044,632 shares during the period. Nuveen LLC acquired a new position in GE Aerospace in the first quarter valued at approximately $777,075,000. Janus Henderson Group PLC increased its holdings in shares of GE Aerospace by 87.7% during the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after acquiring an additional 1,673,365 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GE shares. Citigroup restated a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Trading Up 1.1%

GE stock traded up $2.95 during midday trading on Thursday, reaching $276.30. 3,387,027 shares of the company traded hands, compared to its average volume of 5,949,055. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The business has a 50 day moving average of $262.02 and a 200-day moving average of $227.76. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $281.50. The firm has a market capitalization of $292.99 billion, a price-to-earnings ratio of 38.53, a P/E/G ratio of 2.95 and a beta of 1.44.

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

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) 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.