Corient Private Wealth LLC Acquires 2,185,321 Shares of GE Aerospace $GE

Corient Private Wealth LLC raised its position in shares of GE Aerospace (NYSE:GE) by 382.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,757,281 shares of the company’s stock after acquiring an additional 2,185,321 shares during the quarter. Corient Private Wealth LLC’s holdings in GE Aerospace were worth $849,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of GE. Blueline Advisors LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace in the fourth quarter valued at $31,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace during the 4th quarter valued at about $32,000. Redmont Wealth Advisors LLC purchased a new stake in shares of GE Aerospace in the 3rd quarter valued at $36,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a report on Wednesday, May 20th. Seaport Research Partners assumed coverage on shares of GE Aerospace in a report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price objective for the company. Citigroup lowered their target price on GE Aerospace from $380.00 to $353.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. President Capital reduced their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $348.22.

GE Aerospace Trading Up 0.5%

NYSE:GE opened at $358.77 on Friday. The firm has a market cap of $374.32 billion, a P/E ratio of 44.18, a P/E/G ratio of 3.16 and a beta of 1.37. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. GE Aerospace has a one year low of $236.51 and a one year high of $364.70. The firm has a 50-day simple moving average of $308.70 and a 200-day simple moving average of $309.03.

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 the consensus estimate of $1.60 by $0.26. The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities analysts anticipate that GE Aerospace will post 7.48 EPS for the current fiscal year.

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.