UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in GE Aerospace (NYSE:GE – Free Report) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,379,370 shares of the company’s stock after selling 89,531 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in GE Aerospace were worth $1,965,037,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Blueline Advisors LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at $25,000. Ankerstar Wealth LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of GE Aerospace in the 3rd quarter valued at $32,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at $32,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of GE Aerospace in the 3rd quarter valued at $36,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.
GE Aerospace Trading Up 0.6%
Shares of GE Aerospace stock opened at $334.89 on Friday. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The company has a market capitalization of $349.40 billion, a P/E ratio of 41.24, a PEG ratio of 2.95 and a beta of 1.37. The company’s fifty day moving average is $303.27 and its two-hundred day moving average is $307.36.
Wall Street Analyst Weigh In
A number of research analysts recently commented on GE shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Aerospace in a research report on Wednesday, May 27th. Daiwa Securities Group started coverage on shares of GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. TD Cowen dropped their target price on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Morgan Stanley dropped their target price on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $348.22.
Get Our Latest Research Report on GE Aerospace
Key Stories Impacting GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace announced plans to invest $1 billion in U.S. manufacturing, a move that signals confidence in long-term demand and could support capacity, jobs, and future engine production. GE Aerospace Plans $1B US Investments
- Positive Sentiment: Brokerage coverage remains supportive, with GE Aerospace receiving an average rating of “Moderate Buy”, reinforcing the market’s constructive view on earnings and execution. GE Aerospace (NYSE:GE) Given Average Rating of “Moderate Buy” by Brokerages
- Neutral Sentiment: GE Aerospace added Microsoft AI executive Judson Althoff to its board, a governance and strategy-related move that could help strengthen its digital and AI capabilities over time. GE Aerospace adds Microsoft AI leader to board
- Neutral Sentiment: Several articles referenced GE Aerospace in the context of the SpaceX IPO and broader aerospace industry comparisons. These headlines highlight how GE remains a key benchmark in aerospace, but they do not directly change its fundamentals. SpaceX IPO Valuation Is Worth More Than Boeing, RTX, GE Aerospace And Every Other S&P 500 Aerospace Firm Combined: Report
- Negative Sentiment: News that the Air India crash report is being delayed because GE engine analysis is still pending could keep some headline risk around the company’s engine business until more clarity is provided. GE engine review delays final Air India crash report ahead of first anniversary
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.
Further Reading
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