Quantbot Technologies LP Has $78,000 Stock Holdings in GE Aerospace $GE

Quantbot Technologies LP trimmed its holdings in GE Aerospace (NYSE:GE - Free Report) by 99.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 210 shares of the company's stock after selling 24,813 shares during the quarter. Quantbot Technologies LP's holdings in GE Aerospace were worth $78,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Auto Owners Insurance Co increased its position in GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company's stock valued at $2,024,413,000 after acquiring an additional 65,595,733 shares in the last quarter. State Street Corp lifted its position in shares of GE Aerospace by 1.5% during the fourth quarter. State Street Corp now owns 45,240,802 shares of the company's stock worth $13,951,570,000 after purchasing an additional 663,160 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of GE Aerospace by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company's stock worth $7,615,200,000 after purchasing an additional 312,880 shares in the last quarter. Norges Bank bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $4,444,736,000. Finally, Morgan Stanley grew its stake in shares of GE Aerospace by 2.4% during the fourth quarter. Morgan Stanley now owns 13,924,762 shares of the company's stock valued at $4,289,245,000 after purchasing an additional 332,380 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Down 2.0%

Shares of NYSE GE opened at $335.76 on Tuesday. GE Aerospace has a fifty-two week low of $268.01 and a fifty-two week high of $388.84. The firm has a market capitalization of $348.37 billion, a P/E ratio of 39.55, a P/E/G ratio of 2.50 and a beta of 1.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The company's 50 day simple moving average is $359.94 and its 200 day simple moving average is $328.30.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, analysts predict that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. GE Aerospace's payout ratio is 22.14%.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the company's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GE shares. Susquehanna restated a "positive" rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their target price on GE Aerospace from $335.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. The Goldman Sachs Group restated a "buy" rating and set a $410.00 target price on shares of GE Aerospace in a research report on Monday, July 20th. TD Cowen reaffirmed a "buy" rating and set a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $390.00 price target on shares of GE Aerospace in a report on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $390.59.

About GE Aerospace

GE Aerospace NYSE: GE is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source