GE Aerospace $GE Shares Sold by 111 Capital

Key Points

• 111 Capital sold 1,610 shares of GE Aerospace, reducing its stake by 34.1%, and now owns a total of 3,111 shares valued at approximately $801,000.
• Institutional investors, including GQG Partners and Amundi, have significantly increased their stakes in GE Aerospace, with 74.77% of the company now owned by such investors.
• GE Aerospace reported an earnings per share (EPS) of $1.66 for the last quarter, exceeding estimates, and is anticipating $5.600–5.800 EPS for FY 2025.

111 Capital lessened its stake in GE Aerospace (NYSE:GE - Free Report) by 34.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,111 shares of the company's stock after selling 1,610 shares during the quarter. 111 Capital's holdings in GE Aerospace were worth $801,000 as of its most recent filing with the SEC.

A number of other institutional investors 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 about $1,606,840,000. Nuveen LLC acquired a new stake in GE Aerospace during the first quarter worth about $777,075,000. Amundi raised its stake in GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after acquiring an additional 1,771,944 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 acquiring an additional 1,492,486 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in GE Aerospace by 7,406.4% during the first quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company's stock worth $242,624,000 after acquiring an additional 1,196,060 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $297.40 on Friday. The firm's 50 day moving average is $280.65 and its two-hundred day moving average is $244.21. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The firm has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the business earned $1.20 earnings per share. GE Aerospace's revenue 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. Analysts anticipate 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 will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid 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 is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analysts Forecast Growth

GE has been the topic of several research reports. Citigroup reiterated a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a research note on Saturday, September 27th. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Finally, Jefferies Financial Group increased their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Profile

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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