GE Aerospace $GE Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC reduced its stake in GE Aerospace by 47.3%, leaving them with 1,414 shares valued at approximately $364,000, representing 0.4% of their portfolio.
• Several institutional investors have increased their holdings in GE Aerospace, including Generali Asset Management SPA, which boosted its stake by 108.2% during the same period.
• Analyst ratings have varied, with Wall Street Zen downrating GE Aerospace from "buy" to "hold," while Barclays and TD Cowen have raised their price targets and maintained "buy" ratings.

Interchange Capital Partners LLC cut its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 47.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,414 shares of the company's stock after selling 1,268 shares during the quarter. GE Aerospace accounts for 0.4% of Interchange Capital Partners LLC's portfolio, making the stock its 23rd largest holding. Interchange Capital Partners LLC's holdings in GE Aerospace were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Generali Asset Management SPA SGR boosted its stake in shares of GE Aerospace by 108.2% during the 2nd quarter. Generali Asset Management SPA SGR now owns 86,518 shares of the company's stock worth $22,269,000 after acquiring an additional 44,964 shares in the last quarter. Essex LLC boosted its stake in shares of GE Aerospace by 0.7% during the 2nd quarter. Essex LLC now owns 20,297 shares of the company's stock worth $5,224,000 after acquiring an additional 147 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of GE Aerospace by 3.2% during the 2nd quarter. Ritholtz Wealth Management now owns 23,101 shares of the company's stock worth $5,946,000 after acquiring an additional 706 shares in the last quarter. Sterling Financial Planning Inc. bought a new stake in shares of GE Aerospace during the 2nd quarter worth $239,000. Finally, Harbour Investments Inc. boosted its stake in shares of GE Aerospace by 9.9% during the 2nd quarter. Harbour Investments Inc. now owns 8,632 shares of the company's stock worth $2,222,000 after acquiring an additional 775 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on GE. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Zacks Research lowered GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. TD Cowen raised their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Finally, Citigroup reaffirmed a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $267.13.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $300.28 on Wednesday. The stock has a market cap of $318.43 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. 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 business has a fifty day simple moving average of $284.44 and a 200-day simple moving average of $248.71.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 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 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.