Robeco Institutional Asset Management B.V. Reduces Holdings in GE Aerospace (NYSE:GE)

Robeco Institutional Asset Management B.V. lowered its position in GE Aerospace (NYSE:GE) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 817,555 shares of the company’s stock after selling 187,054 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in GE Aerospace were worth $163,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GE. New Age Alpha Advisors LLC lifted its stake in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace in the fourth quarter worth $28,000. Putney Financial Group LLC bought a new stake in shares of GE Aerospace during the fourth quarter worth $28,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of GE Aerospace during the fourth quarter worth $29,000. Finally, Copia Wealth Management boosted its stake in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now owns 8,805 shares of the company’s stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, the vice president now owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $249.86 on Thursday. The firm has a 50 day moving average of $225.79 and a 200 day moving average of $201.64. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $266.45 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 3.00 and a beta of 1.38. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $257.47.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. On average, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GE has been the topic of several recent analyst reports. Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Wells Fargo & Company upped their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Citigroup decreased their price target on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.15.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.