Robeco Institutional Asset Management B.V. Sells 147,356 Shares of GE Aerospace $GE

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in GE Aerospace by 18.0%, selling 147,356 shares in the second quarter, resulting in ownership of 670,199 shares valued at approximately $172.5 million.
• GE Aerospace reported a quarterly earnings of $1.66 per share, exceeding analyst expectations, and its revenue grew by 21.2% year-over-year to $10.15 billion.
• The company declared a quarterly dividend of $0.36 per share, which is set to be paid on October 27th, providing a 0.5% yield to shareholders.

Robeco Institutional Asset Management B.V. lessened its stake in GE Aerospace (NYSE:GE - Free Report) by 18.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 670,199 shares of the company's stock after selling 147,356 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of GE Aerospace worth $172,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of GE. GQG Partners LLC purchased a new position in GE Aerospace in the 1st quarter worth approximately $1,606,840,000. Nuveen LLC purchased a new position in shares of GE Aerospace in the first quarter worth $777,075,000. Amundi raised its stake in shares of GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after purchasing an additional 1,771,944 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in shares of GE Aerospace by 7,406.4% during the first quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company's stock valued at $242,624,000 after buying an additional 1,196,060 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.2%

GE opened at $301.41 on Thursday. The stock has a market cap of $319.63 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm's fifty day moving average is $279.49 and its 200 day moving average is $242.61. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period last year, the firm earned $1.20 earnings per share. The business's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be 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 of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GE shares. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Royal Bank Of Canada boosted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Citigroup restated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $241.92.

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.

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