Russell Investments Group Ltd. Increases Position in GE Aerospace $GE

Russell Investments Group Ltd. raised its holdings in shares of GE Aerospace (NYSE:GE) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 606,356 shares of the company’s stock after purchasing an additional 8,683 shares during the period. Russell Investments Group Ltd. owned 0.06% of GE Aerospace worth $187,113,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GE. Allworth Financial LP lifted its holdings in shares of GE Aerospace by 7.6% during the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after purchasing an additional 5,434 shares in the last quarter. Dara Capital US Inc. bought a new position in shares of GE Aerospace during the fourth quarter valued at $2,527,000. NewEdge Wealth LLC lifted its holdings in shares of GE Aerospace by 92.2% during the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after purchasing an additional 9,663 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of GE Aerospace by 11.0% during the third quarter. Orion Porfolio Solutions LLC now owns 68,266 shares of the company’s stock valued at $20,536,000 after purchasing an additional 6,747 shares in the last quarter. Finally, CenterBook Partners LP lifted its holdings in shares of GE Aerospace by 892.6% during the fourth 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 in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $352.10 on Wednesday. The stock has a market cap of $367.36 billion, a P/E ratio of 43.36, a P/E/G ratio of 3.03 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. The stock’s fifty day moving average is $305.92 and its 200 day moving average is $308.18. GE Aerospace has a one year low of $232.24 and a one year high of $352.88.

GE Aerospace (NYSE:GE) last released its quarterly 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. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. 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. Sell-side analysts anticipate that GE Aerospace will post 7.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. President Capital dropped their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Morgan Stanley reduced their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Wells Fargo & Company began coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective on the stock. Finally, Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $348.22.

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.