Banco Santander S.A. Purchases 33,558 Shares of GE Aerospace $GE

Banco Santander S.A. increased its holdings in shares of GE Aerospace (NYSE:GEFree Report) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,820 shares of the company’s stock after purchasing an additional 33,558 shares during the period. Banco Santander S.A.’s holdings in GE Aerospace were worth $48,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blueline Advisors LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at about $25,000. Ankerstar Wealth LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at about $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of GE Aerospace in the 3rd quarter valued at about $32,000. Tucker Asset Management LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at about $32,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of GE Aerospace in the 3rd quarter valued at about $36,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

GE opened at $334.89 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The firm has a fifty day moving average price of $303.27 and a 200 day moving average price of $307.36. GE Aerospace has a 1 year low of $232.24 and a 1 year high of $348.48. The stock has a market cap of $349.40 billion, a P/E ratio of 41.24, a P/E/G ratio of 2.95 and a beta of 1.37.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The firm had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts anticipate that GE Aerospace will post 7.48 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price target on the stock. Daiwa Securities Group initiated coverage on GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target for the company. Citigroup lowered their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. President Capital lowered their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Finally, UBS Group lowered their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $348.22.

Check Out Our Latest Analysis on GE

GE Aerospace News Summary

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.

See Also

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

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