Santori & Peters Inc. Has $534,000 Holdings in GE Aerospace (NYSE:GE)

Santori & Peters Inc. increased its position in shares of GE Aerospace (NYSE:GE) by 2.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,669 shares of the company’s stock after acquiring an additional 75 shares during the period. Santori & Peters Inc.’s holdings in GE Aerospace were worth $534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC lifted its position in GE Aerospace by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company’s stock worth $39,000 after buying an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its position in GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares during the last quarter. Ballast Advisors LLC raised its stake in shares of GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company’s stock worth $349,000 after acquiring an additional 51 shares in the last quarter. First Pacific Financial lifted its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares during the last quarter. Finally, Blue Barn Wealth LLC lifted its holdings in shares of GE Aerospace by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company’s stock worth $245,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE opened at $251.47 on Friday. The company has a 50-day simple moving average of $227.18 and a two-hundred day simple moving average of $202.19. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. The firm has a market capitalization of $268.16 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. GE Aerospace has a one year low of $150.20 and a one year high of $257.47.

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

Analysts Set New Price Targets

GE has been the topic of several recent research reports. UBS Group increased their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Finally, Royal Bank Of Canada set a $275.00 price objective on shares of GE Aerospace and gave the company an “outperform” rating in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $221.15.

Insider Buying and Selling

In other news, 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 in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This trade 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 company insiders.

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.