Kolinsky Wealth Management LLC Has $283,000 Holdings in GE Aerospace (NYSE:GE)

Kolinsky Wealth Management LLC grew its stake in GE Aerospace (NYSE:GE) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,699 shares of the company’s stock after buying an additional 60 shares during the period. Kolinsky Wealth Management LLC’s holdings in GE Aerospace were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC lifted its position in GE Aerospace by 6.9% in the fourth quarter. Continuum Advisory LLC now owns 1,060 shares of the company’s stock worth $177,000 after purchasing an additional 68 shares during the period. PharVision Advisers LLC acquired a new position in GE Aerospace in the fourth quarter valued at about $467,000. NCM Capital Management LLC grew its position in GE Aerospace by 15.7% during the 4th quarter. NCM Capital Management LLC now owns 1,231 shares of the company’s stock worth $205,000 after acquiring an additional 167 shares during the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of GE Aerospace by 49.1% during the fourth quarter. Glen Eagle Advisors LLC now owns 1,823 shares of the company’s stock worth $304,000 after purchasing an additional 600 shares during the last quarter. Finally, Delta Investment Management LLC raised its holdings in shares of GE Aerospace by 63.2% in the fourth quarter. Delta Investment Management LLC now owns 4,351 shares of the company’s stock valued at $726,000 after buying an additional 1,685 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Insider Transactions at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

GE Aerospace Price Performance

GE Aerospace stock opened at $234.93 on Wednesday. The firm has a market cap of $250.53 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock’s fifty day moving average price is $199.84 and its two-hundred day moving average price is $190.46. GE Aerospace has a one year low of $150.20 and a one year high of $236.08.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on GE shares. Northcoast Research cut shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday. Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. UBS Group raised their price target on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Redburn Atlantic began coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Bank of America raised their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.92.

GE Aerospace Profile

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.