Bessemer Group Inc. Has $9.34 Million Position in GE Aerospace $GE

Bessemer Group Inc. lifted its stake in GE Aerospace (NYSE:GEFree Report) by 6.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 31,058 shares of the company’s stock after acquiring an additional 1,962 shares during the period. Bessemer Group Inc.’s holdings in GE Aerospace were worth $9,343,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. Sivia Capital Partners LLC lifted its position in GE Aerospace by 4.6% in the second quarter. Sivia Capital Partners LLC now owns 4,337 shares of the company’s stock worth $1,116,000 after purchasing an additional 191 shares during the period. Clear Creek Financial Management LLC boosted its stake in GE Aerospace by 49.0% during the second quarter. Clear Creek Financial Management LLC now owns 3,515 shares of the company’s stock worth $905,000 after buying an additional 1,156 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in GE Aerospace by 255.5% during the second quarter. Vontobel Holding Ltd. now owns 106,752 shares of the company’s stock worth $27,477,000 after buying an additional 76,724 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Trending Headlines about GE Aerospace

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GE Aerospace Price Performance

GE Aerospace stock opened at $320.75 on Friday. The business’s fifty day moving average is $306.86 and its two-hundred day moving average is $295.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.04. The firm has a market cap of $336.41 billion, a P/E ratio of 39.40, a P/E/G ratio of 2.83 and a beta of 1.40. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $332.79.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Thursday, January 22nd. The company reported $1.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.27 billion. During the same period in the previous year, the business posted $1.32 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Monday, December 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, December 29th. GE Aerospace’s payout ratio is 17.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BNP Paribas Exane dropped their price objective on shares of GE Aerospace from $305.00 to $290.00 and set an “underperform” rating for the company in a research note on Friday, January 23rd. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group raised their price target on shares of GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $319.00.

Check Out Our Latest Report on GE Aerospace

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 30,363 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $306.47, for a total value of $9,305,348.61. Following the transaction, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $46,103,507.98. This trade represents a 16.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert M. Giglietti sold 3,035 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $305.51, for a total transaction of $927,222.85. Following the sale, the vice president directly owned 10,583 shares of the company’s stock, valued at approximately $3,233,212.33. This trade represents a 22.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 45,398 shares of company stock valued at $13,837,171. 0.21% of the stock is currently owned by corporate insiders.

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.

See Also

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

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