Telligent Fund LP acquired a new stake in shares of GE Aerospace (NYSE:GE – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,200 shares of the company’s stock, valued at approximately $1,294,000. GE Aerospace makes up approximately 1.4% of Telligent Fund LP’s holdings, making the stock its 20th largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Integrity Financial Corp WA bought a new stake in shares of GE Aerospace in the third quarter worth approximately $481,000. Prime Capital Investment Advisors LLC grew its stake in shares of GE Aerospace by 23.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 51,105 shares of the company’s stock worth $15,373,000 after acquiring an additional 9,750 shares during the period. HORAN Wealth LLC grew its stake in shares of GE Aerospace by 667.0% in the third quarter. HORAN Wealth LLC now owns 10,194 shares of the company’s stock worth $3,066,000 after acquiring an additional 8,865 shares during the period. Prospera Financial Services Inc grew its stake in shares of GE Aerospace by 18.1% in the third quarter. Prospera Financial Services Inc now owns 47,706 shares of the company’s stock worth $14,354,000 after acquiring an additional 7,315 shares during the period. Finally, Allworth Financial LP grew its stake in shares of GE Aerospace by 7.6% in the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after acquiring an additional 5,434 shares during the period. Institutional investors own 74.77% of the company’s stock.
GE Aerospace Stock Performance
Shares of NYSE GE opened at $320.45 on Friday. The firm has a 50 day moving average of $295.20 and a 200 day moving average of $305.56. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $334.34 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.36. GE Aerospace has a 12-month low of $232.24 and a 12-month high of $348.48.
Analysts Set New Price Targets
A number of analysts have recently commented on GE shares. Wells Fargo & Company started coverage on shares of GE Aerospace in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price target for the company. Citigroup reduced their price target on shares of GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. TD Cowen cut their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. UBS Group cut their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Finally, Morgan Stanley cut their price objective on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $348.22.
Read Our Latest Analysis on GE Aerospace
GE Aerospace Company Profile
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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