Jennison Associates Adds $1.0B in GE Aerospace ($GE)
Key Points
- Jennison Associates changed its GE Aerospace ($GE) stake by 37.7% last quarter, boosting to 11,026,006 shares worth $3.70 billion.
- Wall Street's consensus rating on $GE is Strong Buy and an average price target of $350.95.
- $GE last traded around $335.30.
Jennison Associates increased its position in GE Aerospace ($GE) by 37.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,026,006 shares of GE Aerospace after buying 3,017,937 shares during the quarter. Jennison Associates's holdings in GE Aerospace were worth $3.70 billion as of its most recent filing.
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About GE Aerospace
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. The company operates through two segments, Commercial Engines & Services, and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures, maintenance, repair, and overhaul (MRO) services of jet engines and sale of spare parts for commercial airframes, business aviation, and aeroderivative applications. The Defense & Propulsion Technologies designs, develops, manufactures, and services jet engines and avionics and power systems for governments, militaries, and commercial airframers, as well as MRO of engines and the sale of spare parts. This segment also offers aircraft components and systems, such as small turboprop engines, aeroengine mechanical transmissions, turbines, combustors and controls, additive manufacturing, propeller systems, ignition systems, sensors and engine accessories for fixed wing and rotorcraft applications for commercial and military end users under the Avio Aero, Unison, Dowty Propellers, and Colibrium Additive brands. The company operates in the United States, Europe, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.
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