SRB Corp Sells 13,825 Shares of GE Aerospace $GE

Key Points

• SRB Corp sold 13,825 shares of GE Aerospace, reducing its holdings by 3.5%, and now owns 382,754 shares valued at approximately $76.6 million.
• GE Aerospace reported a quarterly EPS of $1.66, exceeding estimates, with a year-over-year revenue increase of 21.2%.
• The company has a market cap of $284.69 billion, with a current share price of $268.46 and a PE ratio of 37.44.

SRB Corp lowered its stake in GE Aerospace (NYSE:GE - Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 382,754 shares of the company's stock after selling 13,825 shares during the period. GE Aerospace accounts for 5.0% of SRB Corp's holdings, making the stock its 7th biggest position. SRB Corp's holdings in GE Aerospace were worth $76,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace in the first quarter worth $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after buying an additional 142 shares during the last quarter. O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace in the first quarter worth $33,000. First Pacific Financial raised its holdings in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the last quarter. Finally, POM Investment Strategies LLC raised its holdings in shares of GE Aerospace by 1,078.6% in the first quarter. POM Investment Strategies LLC now owns 165 shares of the company's stock worth $33,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GE shares. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Barclays increased their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Performance

GE stock traded down $1.9420 during midday trading on Friday, hitting $266.7680. 5,226,236 shares of the stock traded hands, compared to its average volume of 4,185,270. The firm has a market cap of $282.89 billion, a P/E ratio of 37.21, a PEG ratio of 2.89 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock's fifty day simple moving average is $259.88 and its 200-day simple moving average is $226.39. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio 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.