General Electric: Construction Equipment Financing Boom, Industrial Pricing Pressure

GE Capital Dealer Finance (NYSE:GE) announced that it is doubling its sales force to support growing retail and wholesale demand for construction equipment financing. GE Capital’s lending to the construction industry grew 36% in 2011 and the outlook for 2012 activity is strong, necessitating additional staff. “The new hires will be spread across 10 regions in the U.S. to provide one-on-one assistance to our wholesale and retail customers when necessary,” said Kristi Webb, commercial leader of GE Capital, Dealer Finance.

However, GE isn’t facing the same fortune in other areas. A deeper look at last week’s Q4 earnings reveals pricing pressure in key industrial divisions. However, the global conglomerate says pricing pressure will decline in 2012 and 2013.

In other GE news, Nexcelle, the joint venture of GE’s Middle River Aircraft Systems and the Safran group’s Aircelle, announced the appointment of Huntley Myrie as its new president. Also, on January 17, Pacer International (NASDAQ:PACR) purchased 248 railcars from General Electric Railcar Services (NYSE:GE) for $26.5M pursuant to the purchase option under the Rail Car Lease Agreement dated September, 2001. This information is from an 8K filing.

Here’s how GE shares are starting the week:

General Electric Co. (NYSE:GE): GE shares recently traded at $19.16, up $0.01, or 0.05%. They have traded in a 52-week range of $14.02 to $21.65. Volume today was 16,337,483 shares versus a 3-month average volume of 64,401,900 shares. The company’s trailing P/E is 14.66, while trailing earnings are $1.31 per share.

Pacer International Inc. (NASDAQ:PACR): PACR shares recently traded at $6.02, down $0.04, or 0.66%. They have traded in a 52-week range of $3.30 to $7.15. Volume today was 55,237 shares versus a 3-month average volume of 249,427 shares. The company’s trailing P/E is 17.71, while trailing earnings are $0.34 per share.