GE Aerospace $GE Shares Acquired by Diversified Trust Co

Diversified Trust Co increased its holdings in shares of GE Aerospace (NYSE:GE) by 21.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,021 shares of the company’s stock after purchasing an additional 5,625 shares during the quarter. Diversified Trust Co’s holdings in GE Aerospace were worth $9,633,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GE. Norges Bank acquired a new stake in shares of GE Aerospace in the second quarter worth $3,408,828,000. Amundi lifted its holdings in shares of GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after acquiring an additional 1,771,944 shares in the last quarter. Vanguard Group Inc. boosted its position in GE Aerospace by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after purchasing an additional 1,482,069 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in GE Aerospace in the 2nd quarter valued at $227,998,000. Finally, Lazard Asset Management LLC raised its position in GE Aerospace by 4,253.7% in the second quarter. Lazard Asset Management LLC now owns 796,422 shares of the company’s stock valued at $204,991,000 after purchasing an additional 778,129 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the sale, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their price objective on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Finally, UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $309.94.

GE Aerospace Price Performance

Shares of NYSE GE opened at $311.74 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $318.06. The business has a 50 day moving average price of $301.49 and a two-hundred day moving average price of $283.19. The firm has a market cap of $328.82 billion, a PE ratio of 41.62, a price-to-earnings-growth ratio of 2.43 and a beta of 1.40.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the business posted $1.15 EPS. The business’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts expect 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, January 26th. Shareholders of record on Monday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

GE Aerospace Company Profile

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.