Union Bancaire Privee UBP SA Decreases Stake in GE Aerospace (NYSE:GE)

Union Bancaire Privee UBP SA lowered its position in shares of GE Aerospace (NYSE:GE) by 0.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 17,522 shares of the company’s stock after selling 132 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in GE Aerospace were worth $3,285,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in GE Aerospace in the 4th quarter valued at $228,000. Stonebridge Financial Group LLC acquired a new stake in GE Aerospace during the fourth quarter worth about $169,000. Finally, Sovran Advisors LLC purchased a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $931,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GE shares. Citigroup lowered their target price on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Royal Bank of Canada set a $275.00 target price on GE Aerospace and gave the company an “outperform” rating in a report on Tuesday, June 3rd. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Finally, Redburn Atlantic started coverage on GE Aerospace in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $221.15.

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the business’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 completion of the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction 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. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Price Performance

Shares of GE opened at $245.38 on Thursday. The firm has a market capitalization of $261.67 billion, a PE ratio of 40.97, a P/E/G ratio of 2.59 and a beta of 1.38. The stock’s 50 day moving average is $213.64 and its two-hundred day moving average is $197.47. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

About GE Aerospace

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.