Robeco Institutional Asset Management B.V. Has $163.63 Million Position in GE Aerospace (NYSE:GE)

Robeco Institutional Asset Management B.V. trimmed its position in GE Aerospace (NYSE:GE - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 817,555 shares of the company's stock after selling 187,054 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.08% of GE Aerospace worth $163,634,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GE. Brighton Jones LLC raised its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its stake in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at about $507,000. Los Angeles Capital Management LLC increased its holdings in shares of GE Aerospace by 33.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 165,509 shares of the company's stock valued at $27,605,000 after purchasing an additional 41,521 shares during the period. Finally, FFT Wealth Management LLC purchased a new stake in shares of GE Aerospace in the fourth quarter worth approximately $338,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the sale, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup lowered their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group lifted their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Stock Up 0.6%

NYSE GE traded up $1.57 during trading on Thursday, hitting $251.47. 6,786,784 shares of the company traded hands, compared to its average volume of 5,394,868. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47. The business has a fifty day simple moving average of $225.79 and a 200 day simple moving average of $201.64. The company has a market capitalization of $268.16 billion, a P/E ratio of 39.11, a PEG ratio of 3.00 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Company 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.