Shell Asset Management Co. Trims Stake in GE Aerospace $GE

Shell Asset Management Co. lessened its holdings in shares of GE Aerospace (NYSE:GE) by 51.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,604 shares of the company’s stock after selling 17,928 shares during the period. GE Aerospace comprises approximately 0.5% of Shell Asset Management Co.’s investment portfolio, making the stock its 25th biggest position. Shell Asset Management Co.’s holdings in GE Aerospace were worth $4,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GE. Bare Financial Services Inc grew its position in GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 43 shares during the last quarter. REAP Financial Group LLC purchased a new stake in shares of GE Aerospace during the third quarter valued at $25,000. Marquette Asset Management LLC bought a new position in shares of GE Aerospace in the third quarter worth about $26,000. Lavaca Capital LLC increased its stake in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in GE Aerospace by 147.2% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after buying an additional 53 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Robert M. Giglietti sold 3,035 shares of GE Aerospace stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $305.51, for a total value of $927,222.85. Following the transaction, the vice president owned 10,583 shares of the company’s stock, valued at $3,233,212.33. The trade was a 22.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Amy L. Gowder sold 4,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $305.73, for a total transaction of $1,222,920.00. Following the sale, the senior vice president directly owned 16,535 shares of the company’s stock, valued at $5,055,245.55. The trade was a 19.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 45,398 shares of company stock worth $13,837,171. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Price Performance

NYSE GE opened at $315.24 on Friday. The company has a market cap of $330.63 billion, a PE ratio of 38.73, a P/E/G ratio of 2.91 and a beta of 1.40. The firm’s 50 day moving average price is $309.55 and its 200-day moving average price is $297.22. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.04. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $332.79.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, January 22nd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.27 billion. During the same quarter in the prior year, the business earned $1.32 earnings per share. GE Aerospace’s revenue was up 17.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, March 9th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.6%. This is a boost from GE Aerospace’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, March 9th. GE Aerospace’s payout ratio is presently 23.10%.

Wall Street Analyst Weigh In

GE has been the subject of several research reports. TD Cowen boosted their price objective on shares of GE Aerospace from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Citigroup reiterated a “buy” rating and issued a $380.00 price target (up previously from $378.00) on shares of GE Aerospace in a report on Friday, January 23rd. Zacks Research raised GE Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Susquehanna restated a “positive” rating and set a $380.00 price objective on shares of GE Aerospace in a report on Thursday, January 15th. Finally, The Goldman Sachs Group upped their target price on GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $319.00.

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.