GE Aerospace $GE Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in GE Aerospace (NYSE:GEFree 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.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm posted $1.49 EPS. GE Aerospace’s revenue for the quarter was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.

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.

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Key Stories Impacting GE Aerospace

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GE Aerospace Company Profile

(Free Report)

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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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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