Lombard Odier Asset Management Switzerland SA Has $7.42 Million Position in GE Aerospace $GE

Lombard Odier Asset Management Switzerland SA raised its stake in shares of GE Aerospace (NYSE:GE) by 13.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,844 shares of the company’s stock after acquiring an additional 3,403 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in GE Aerospace were worth $7,424,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GE. Brighton Jones LLC grew its stake in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of GE Aerospace by 15.2% in the 1st quarter. Benjamin Edwards Inc. now owns 20,865 shares of the company’s stock worth $4,176,000 after acquiring an additional 2,754 shares in the last quarter. Cooper Financial Group grew its position in GE Aerospace by 19.1% during the 1st quarter. Cooper Financial Group now owns 2,688 shares of the company’s stock worth $538,000 after acquiring an additional 431 shares during the last quarter. Finally, SouthState Corp increased its holdings in GE Aerospace by 119.3% during the 1st quarter. SouthState Corp now owns 1,875 shares of the company’s stock valued at $375,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the sale, the senior vice president directly 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group boosted their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. TD Cowen upped their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, Bank of America increased their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $304.31.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $287.33 on Tuesday. The firm has a fifty day moving average of $300.39 and a two-hundred day moving average of $277.02. The stock has a market capitalization of $303.08 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 2.21 and a beta of 1.40. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s payout ratio is currently 19.23%.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.