Petredis Investment Advisors LLC Sells 10,618 Shares of GE Aerospace $GE

Petredis Investment Advisors LLC lessened its stake in GE Aerospace (NYSE:GE) by 19.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,786 shares of the company’s stock after selling 10,618 shares during the quarter. GE Aerospace makes up about 1.0% of Petredis Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Petredis Investment Advisors LLC’s holdings in GE Aerospace were worth $12,141,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in GE Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock valued at $28,564,097,000 after acquiring an additional 699,364 shares during the last quarter. Auto Owners Insurance Co boosted its holdings in shares of GE Aerospace by 52,247.5% during the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after purchasing an additional 65,595,733 shares during the last quarter. State Street Corp boosted its holdings in shares of GE Aerospace by 1.5% during the 4th quarter. State Street Corp now owns 45,240,802 shares of the company’s stock valued at $13,951,570,000 after purchasing an additional 663,160 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of GE Aerospace by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock valued at $7,615,200,000 after purchasing an additional 312,880 shares during the last quarter. Finally, Capital World Investors grew its position in shares of GE Aerospace by 16.2% during the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after purchasing an additional 2,995,054 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

GE Aerospace stock opened at $358.77 on Monday. The company’s 50-day moving average price is $309.71 and its 200-day moving average price is $309.53. GE Aerospace has a twelve month low of $236.51 and a twelve month high of $364.70. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The company has a market cap of $374.32 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 3.17 and a beta of 1.37.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the prior year, the company earned $1.49 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities research analysts forecast that GE Aerospace will post 7.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GE shares. Daiwa Securities Group started coverage on GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. TD Cowen dropped their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. President Capital cut 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. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price objective on shares of GE Aerospace in a report on Wednesday, May 20th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $348.22.

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.