Pacer Advisors Inc. Has $26.36 Million Holdings in GE Aerospace $GE
by Doug Wharley · The Cerbat GemPacer Advisors Inc. decreased its stake in GE Aerospace (NYSE:GE – Free Report) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,638 shares of the company’s stock after selling 14,953 shares during the period. Pacer Advisors Inc.’s holdings in GE Aerospace were worth $26,363,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in GE. Bare Financial Services Inc raised its stake in GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after buying an additional 43 shares during the period. Lavaca Capital LLC lifted its stake in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace in the first quarter valued at approximately $29,000. IMG Wealth Management Inc. grew its position in shares of GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares in the last quarter. Finally, Wealth Preservation Advisors LLC bought a new position in GE Aerospace during the 1st quarter worth $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.
GE Aerospace Stock Down 0.5%
Shares of NYSE GE opened at $315.30 on Friday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $318.06. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The company has a 50-day moving average price of $301.31 and a 200-day moving average price of $282.14. The stock has a market capitalization of $332.58 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.45 and a beta of 1.40.
GE Aerospace (NYSE:GE – Get Free Report) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.
GE Aerospace Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s payout ratio is presently 19.23%.
Insiders Place Their Bets
In related news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on GE. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Citigroup initiated coverage on GE Aerospace in a research report on Thursday, December 11th. They set a “buy” rating and a $386.00 target price for the company. Finally, Bank of America increased their price target on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $309.94.
Get Our Latest Stock Analysis on GE
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.
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