Untitled Investments LP Sells 114,294 Shares of GE Aerospace $GE

Key Points

• Untitled Investments LP significantly reduced its stake in GE Aerospace by 85.0% during the first quarter, now holding 20,125 shares valued at approximately $4 million.
• GE Aerospace's latest earnings report revealed earnings per share of $1.66, exceeding analysts' estimates by $0.23, with quarterly revenue rising by 21.2% compared to the previous year.
• Several analysts have recently issued revised ratings and target prices for GE Aerospace, with Barclays and Royal Bank Of Canada increasing their target prices to $295.00 and $300.00, respectively.

Untitled Investments LP lessened its holdings in GE Aerospace (NYSE:GE - Free Report) by 85.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,125 shares of the company's stock after selling 114,294 shares during the quarter. GE Aerospace makes up about 1.1% of Untitled Investments LP's investment portfolio, making the stock its 15th largest holding. Untitled Investments LP's holdings in GE Aerospace were worth $4,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after acquiring an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. bought a new position in GE Aerospace during the first quarter valued at approximately $203,000. Sendero Wealth Management LLC raised its position in GE Aerospace by 526.6% during the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after acquiring an additional 12,613 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after acquiring an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC grew its holdings in GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after purchasing an additional 9,580 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Up 2.5%

Shares of GE Aerospace stock traded up $6.89 during trading on Wednesday, hitting $283.13. 3,186,390 shares of the company were exchanged, compared to its average volume of 5,870,311. The firm has a market capitalization of $300.25 billion, a P/E ratio of 39.49, a price-to-earnings-growth ratio of 2.97 and a beta of 1.48. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $284.41. The firm's fifty day moving average price is $267.16 and its 200 day moving average price is $232.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the company earned $1.20 EPS. The company's revenue for the quarter 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. As a group, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm 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. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's payout ratio is 20.08%.

Analyst Ratings Changes

Several equities analysts have commented on GE shares. Royal Bank Of Canada increased 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. Citigroup reissued a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus 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.