Acadian Asset Management LLC Sells 296,247 Shares of GE Aerospace $GE

Key Points

• Acadian Asset Management reduced its stake in GE Aerospace by 63.3% in Q1, selling 296,247 shares and holding 171,467 shares worth approximately $34.3 million.
• Vanguard Group increased its holdings in GE Aerospace by 0.8%, now owning over 90 million shares valued at $18.1 billion, while other institutions also made significant adjustments to their positions.
• GE Aerospace reported a quarterly EPS of $1.66, exceeding estimates, and set FY 2025 guidance between 5.600-5.800 EPS, indicating strong revenue growth compared to the previous year.

Acadian Asset Management LLC lowered its position in GE Aerospace (NYSE:GE - Free Report) by 63.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,467 shares of the company's stock after selling 296,247 shares during the quarter. Acadian Asset Management LLC's holdings in GE Aerospace were worth $34,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in GE Aerospace by 8.3% during the first quarter. Geneos Wealth Management Inc. now owns 8,749 shares of the company's stock worth $1,751,000 after buying an additional 671 shares during the last quarter. Acorns Advisers LLC increased its position in GE Aerospace by 5.1% during the first quarter. Acorns Advisers LLC now owns 2,201 shares of the company's stock worth $441,000 after buying an additional 106 shares during the last quarter. Focus Partners Wealth increased its position in GE Aerospace by 20.7% during the first quarter. Focus Partners Wealth now owns 152,957 shares of the company's stock worth $30,615,000 after buying an additional 26,261 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in GE Aerospace during the first quarter worth $67,000. Finally, Integrity Alliance LLC. acquired a new position in GE Aerospace during the first quarter worth $649,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

GE traded up $0.11 during midday trading on Friday, reaching $281.67. 3,249,603 shares of the company's stock were exchanged, compared to its average volume of 3,841,655. The firm has a market capitalization of $298.69 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a one year low of $159.36 and a one year high of $286.91. The business has a 50-day simple moving average of $269.33 and a two-hundred day simple moving average of $233.93.

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, topping analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analysts Set New Price Targets

GE has been the subject of a number of recent analyst reports. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group upped their price target 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. Finally, Citigroup restated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.