GE AerospaceGE
Market Cap: $175B
About: GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.
Employees: 125,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
68.73% more ownership
Funds ownership: 9.01% [Q1] → 77.74% (+68.73%) [Q2]
55% more call options, than puts
Call options by funds: $2.79B | Put options by funds: $1.8B
35% more repeat investments, than reductions
Existing positions increased: 881 | Existing positions reduced: 654
7% more first-time investments, than exits
New positions opened: 232 | Existing positions closed: 216
1% more funds holding
Funds holding: 2,093 [Q1] → 2,109 (+16) [Q2]
6% less capital invested
Capital invested by funds: $145B [Q1] → $136B (-$9.23B) [Q2]
23% less funds holding in top 10
Funds holding in top 10: 70 [Q1] → 54 (-16) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays Julian Mitchell 69% 1-year accuracy 49 / 71 met price target | 24%upside $200 | Overweight Maintained | 30 Jul 2024 |
RBC Capital Ken Herbert 81% 1-year accuracy 50 / 62 met price target | 18%upside $190 | Outperform Maintained | 24 Jul 2024 |
Wells Fargo Matthew Akers 89% 1-year accuracy 25 / 28 met price target | 27%upside $205 | Overweight Maintained | 24 Jul 2024 |
UBS Gavin Parsons 56% 1-year accuracy 9 / 16 met price target | 30%upside $209 | Buy Maintained | 1 Jul 2024 |
Jefferies Sheila Kahyaoglu 60% 1-year accuracy 9 / 15 met price target | 18%upside $190 | Buy Maintained | 28 Jun 2024 |
Financial journalist opinion
Based on 21 articles about GE published over the past 30 days