GE Aerospace $GE Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lifted its holdings in shares of GE Aerospace (NYSE:GE) by 70.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,790 shares of the company’s stock after buying an additional 3,227 shares during the period. Rehmann Capital Advisory Group’s holdings in GE Aerospace were worth $2,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP lifted its stake in GE Aerospace by 7.6% in the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after buying an additional 5,434 shares during the last quarter. Dara Capital US Inc. bought a new position in shares of GE Aerospace during the fourth quarter worth about $2,527,000. NewEdge Wealth LLC increased its holdings in shares of GE Aerospace by 92.2% in the 4th quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock worth $6,204,000 after acquiring an additional 9,663 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of GE Aerospace by 11.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 68,266 shares of the company’s stock worth $20,536,000 after acquiring an additional 6,747 shares during the period. Finally, CenterBook Partners LP lifted its position in GE Aerospace by 892.6% in the 4th quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock valued at $15,336,000 after purchasing an additional 44,772 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of NYSE GE opened at $358.77 on Friday. The stock has a market cap of $374.32 billion, a P/E ratio of 44.18, a P/E/G ratio of 3.17 and a beta of 1.37. The firm’s 50-day simple moving average is $309.71 and its 200 day simple moving average is $309.38. GE Aerospace has a fifty-two week low of $236.51 and a fifty-two week high of $364.70. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The firm had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities analysts expect that GE Aerospace will post 7.48 EPS for the current year.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. President Capital reduced their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Sanford C. Bernstein lifted their price target on GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. BNP Paribas Exane reduced their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Finally, UBS Group decreased their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.22.

GE Aerospace 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.