ProShare Advisors LLC Has $62.71 Million Stock Holdings in GE Aerospace $GE

ProShare Advisors LLC increased its position in shares of GE Aerospace (NYSE:GEFree Report) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,571 shares of the company’s stock after buying an additional 17,771 shares during the quarter. ProShare Advisors LLC’s holdings in GE Aerospace were worth $62,706,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in GE Aerospace during the third quarter worth $25,000. Abich Financial Wealth Management LLC acquired a new stake in GE Aerospace during the third quarter worth $32,000. Tucker Asset Management LLC acquired a new stake in GE Aerospace during the fourth quarter worth $32,000. Redmont Wealth Advisors LLC acquired a new stake in GE Aerospace during the third quarter worth $36,000. Finally, Strengthening Families & Communities LLC acquired a new stake in GE Aerospace during the third quarter worth $38,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GE shares. Daiwa Securities Group started coverage on shares of GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target on the stock. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on GE Aerospace from $375.00 to $387.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $325.00 to $335.00 and gave the company an “overweight” rating in a report on Monday, January 26th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $348.22.

View Our Latest Report on GE

GE Aerospace Stock Down 0.5%

Shares of NYSE:GE opened at $284.68 on Wednesday. GE Aerospace has a 52 week low of $228.01 and a 52 week 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’s fifty day moving average is $295.74 and its 200-day moving average is $305.50. The company has a market capitalization of $297.02 billion, a PE ratio of 35.06, a P/E/G ratio of 2.66 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.86 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 the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts predict that GE Aerospace will post 7.46 earnings per share for the current fiscal year.

Key Stories Impacting GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

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.

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

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