Zimmer Partners LP Has $13.93 Million Stock Position in GE Aerospace $GE

Key Points

• Zimmer Partners LP reduced its stake in GE Aerospace by 42.2%, now holding 69,600 shares worth approximately $13.93 million.
• GE Aerospace reported quarterly earnings of $1.66 EPS, surpassing estimates, with revenue increasing 21.2% year-over-year to $10.15 billion.
• Analysts maintain a consensus rating of "Moderate Buy" for GE Aerospace, with a target price averaging around $232.92.

Zimmer Partners LP reduced its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 42.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 69,600 shares of the company's stock after selling 50,900 shares during the period. Zimmer Partners LP's holdings in GE Aerospace were worth $13,930,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares during the last quarter. Focus Partners Wealth boosted its holdings in GE Aerospace by 37.4% during the fourth quarter. Focus Partners Wealth now owns 126,696 shares of the company's stock worth $22,182,000 after purchasing an additional 34,490 shares during the last quarter. Guardian Wealth Advisors LLC NC boosted its holdings in GE Aerospace by 13.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 1,252 shares of the company's stock worth $209,000 after purchasing an additional 151 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in GE Aerospace by 23.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 83,639 shares of the company's stock worth $13,950,000 after purchasing an additional 15,613 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GE has been the subject of several recent research reports. Citigroup restated a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Price Performance

NYSE:GE opened at $275.80 on Tuesday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $284.41. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a fifty day simple moving average of $266.62 and a 200 day simple moving average of $231.90. The stock has a market capitalization of $292.47 billion, a PE ratio of 38.47, a P/E/G ratio of 3.00 and a beta of 1.48.

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

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. 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 currently 20.08%.

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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