Aspiriant LLC Cuts Stake in GE Aerospace (NYSE:GE)

Aspiriant LLC decreased its position in shares of GE Aerospace (NYSE:GE) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,187 shares of the company’s stock after selling 90 shares during the quarter. Aspiriant LLC’s holdings in GE Aerospace were worth $1,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GE. Truvestments Capital LLC increased its holdings in shares of GE Aerospace by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company’s stock valued at $39,000 after acquiring an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its stake in GE Aerospace by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company’s stock valued at $56,000 after purchasing an additional 50 shares during the last quarter. Ballast Advisors LLC grew its stake in GE Aerospace by 2.5% in the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company’s stock valued at $349,000 after purchasing an additional 51 shares during the last quarter. Blue Barn Wealth LLC grew its stake in GE Aerospace by 3.8% in the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company’s stock valued at $245,000 after purchasing an additional 54 shares during the last quarter. Finally, First Heartland Consultants Inc. grew its stake in GE Aerospace by 1.2% in the fourth quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company’s stock valued at $789,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated 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 $1,766,899.35. This represents a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GE. Wells Fargo & Company lifted 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. Citigroup cut their price target on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. 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 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $221.15.

GE Aerospace Price Performance

Shares of NYSE GE opened at $235.49 on Wednesday. The business’s 50 day moving average price is $218.73 and its 200 day moving average price is $199.12. The firm has a market cap of $251.12 billion, a P/E ratio of 36.62, a P/E/G ratio of 2.85 and a beta of 1.38. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $257.47. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Company 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.