McIlrath & Eck LLC Sells 180 Shares of GE Aerospace (NYSE:GE)

McIlrath & Eck LLC trimmed its position in shares of GE Aerospace (NYSE:GE) by 16.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 932 shares of the company’s stock after selling 180 shares during the quarter. McIlrath & Eck LLC’s holdings in GE Aerospace were worth $155,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Chung Wu Investment Group LLC bought a new position in GE Aerospace in the 4th quarter valued at approximately $795,000. National Bank of Canada FI raised its position in GE Aerospace by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company’s stock worth $177,535,000 after buying an additional 29,844 shares during the last quarter. National Pension Service lifted its stake in GE Aerospace by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the company’s stock valued at $376,051,000 after acquiring an additional 37,884 shares during the period. FourThought Financial Partners LLC purchased a new stake in shares of GE Aerospace during the 4th quarter valued at about $507,000. Finally, Invesco Ltd. grew its stake in shares of GE Aerospace by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company’s stock worth $1,591,970,000 after acquiring an additional 1,204,910 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

NYSE:GE opened at $234.93 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a 50-day simple moving average of $199.84 and a two-hundred day simple moving average of $190.46. The firm has a market capitalization of $250.53 billion, a PE ratio of 39.22, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $236.08.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. Analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

Insider Transactions at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GE shares. Redburn Atlantic started coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. UBS Group increased 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. Bank of America raised their price target on GE Aerospace from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on GE Aerospace from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average 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.