Quantbot Technologies LP Sells 34,556 Shares of GE Aerospace $GE

Key Points

• Quantbot Technologies LP reduced its position in GE Aerospace by 94.6% in the first quarter, owning only 1,984 shares worth approximately $397,000 after selling off a significant number of shares.
• Analysts have shown optimism for GE Aerospace, with Barclays increasing its price target from $230 to $295, accompanied by multiple upgrades to "buy" ratings from various firms.
• GE Aerospace reported a quarterly revenue of $10.15 billion, exceeding analyst estimates and marking a 21.2% increase compared to the same quarter last year.

Quantbot Technologies LP lowered its position in shares of GE Aerospace (NYSE:GE - Free Report) by 94.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,984 shares of the company's stock after selling 34,556 shares during the quarter. Quantbot Technologies LP's holdings in GE Aerospace were worth $397,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Putney Financial Group LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth about $28,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the 1st quarter worth about $28,000. Copia Wealth Management increased its position in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares in the last quarter. First Pacific Financial increased its position in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Finally, O Brien Wealth Partners LLC acquired a new stake in GE Aerospace in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Down 0.4%

Shares of NYSE GE traded down $0.97 during midday trading on Friday, reaching $275.03. The company's stock had a trading volume of 2,846,437 shares, compared to its average volume of 5,929,624. 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 has a fifty-two week low of $159.36 and a fifty-two week high of $281.50. The stock has a market capitalization of $291.65 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 2.94 and a beta of 1.44. The stock has a 50 day simple moving average of $262.83 and a 200-day simple moving average of $228.25.

GE Aerospace (NYSE:GE - Get Free Report) last posted 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 company had revenue of $10.15 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GE shares. Citigroup reaffirmed a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Barclays lifted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

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.