GE Aerospace (NYSE:GE) Shares Sold by Aspect Partners LLC

Aspect Partners LLC lessened its holdings in GE Aerospace (NYSE:GE) by 22.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187 shares of the company’s stock after selling 55 shares during the quarter. Aspect Partners LLC’s holdings in GE Aerospace were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Trust Co. of Vermont boosted its holdings in shares of GE Aerospace by 5.7% in the 1st quarter. Trust Co. of Vermont now owns 8,358 shares of the company’s stock valued at $1,673,000 after acquiring an additional 448 shares during the last quarter. Santori & Peters Inc. lifted its position in GE Aerospace by 2.9% during the first quarter. Santori & Peters Inc. now owns 2,669 shares of the company’s stock valued at $534,000 after purchasing an additional 75 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in GE Aerospace by 3.4% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 14,404 shares of the company’s stock valued at $2,790,000 after purchasing an additional 468 shares during the period. Alta Wealth Advisors LLC purchased a new stake in GE Aerospace in the first quarter valued at $218,000. Finally, Beacon Financial Advisory LLC grew its position in GE Aerospace by 52.4% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,829 shares of the company’s stock worth $366,000 after purchasing an additional 629 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GE shares. Citigroup reduced their price objective on 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 lowered GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. UBS Group lifted their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an “outperform” rating in a research note on Tuesday, June 3rd. Finally, Wells Fargo & Company lifted their price target on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.15.

GE Aerospace Price Performance

NYSE:GE opened at $251.47 on Friday. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47. The stock has a 50 day moving average of $227.18 and a two-hundred day moving average of $202.19. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. The firm has a market cap of $268.16 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. On average, analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal 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.