Mar Vista Investment Partners LLC trimmed its position in GE Aerospace (NYSE:GE – Free Report) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,572 shares of the company’s stock after selling 9,251 shares during the quarter. GE Aerospace comprises 2.1% of Mar Vista Investment Partners LLC’s holdings, making the stock its 23rd largest position. Mar Vista Investment Partners LLC’s holdings in GE Aerospace were worth $22,970,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Brighton Jones LLC grew its holdings in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of GE Aerospace by 7.1% in the fourth 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. Sivia Capital Partners LLC lifted its position in shares of GE Aerospace by 4.6% in the second quarter. Sivia Capital Partners LLC now owns 4,337 shares of the company’s stock valued at $1,116,000 after acquiring an additional 191 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in GE Aerospace by 348.6% during the second quarter. Main Street Financial Solutions LLC now owns 5,899 shares of the company’s stock worth $1,518,000 after buying an additional 4,584 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its position in GE Aerospace by 4.2% during the second quarter. HUB Investment Partners LLC now owns 9,035 shares of the company’s stock worth $2,326,000 after buying an additional 366 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.
GE Aerospace Stock Up 2.9%
GE Aerospace stock opened at $352.10 on Wednesday. GE Aerospace has a fifty-two week low of $232.24 and a fifty-two week high of $352.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The company has a market capitalization of $367.36 billion, a P/E ratio of 43.36, a PEG ratio of 3.03 and a beta of 1.37. The stock has a 50-day simple moving average of $305.92 and a 200-day simple moving average of $308.18.
Wall Street Analysts Forecast Growth
A number of research firms have commented on GE. Daiwa Securities Group began coverage on GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. President Capital cut their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a research note on Wednesday, May 27th. Wells Fargo & Company assumed coverage on GE Aerospace in a research report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.
GE Aerospace 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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