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Sanibel Captiva Trust and other firms increased stakes in GE Aerospace, following its strong Q1 earnings.
Sanibel Captiva Trust Company Inc. significantly increased its stake in GE Aerospace, now owning 31,409 shares, reflecting a 21.7% rise.
UMB Bank and NewSquare Capital LLC also boosted their holdings.
GE Aerospace reported strong Q1 results, with earnings per share of $1.49, exceeding forecasts, and revenue of $9.94 billion.
Analysts predict 5.4 EPS for the year, with a "Moderate Buy" consensus rating.
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Sanibel Captiva Trust y otras firmas aumentaron sus participaciones en GE Aerospace, luego de sus fuertes ganancias del primer trimestre.