6,022 Shares in GE Aerospace (NYSE:GE) Acquired by Tableaux LLC

Tableaux LLC bought a new stake in GE Aerospace (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,022 shares of the company's stock, valued at approximately $1,004,000. GE Aerospace makes up approximately 0.8% of Tableaux LLC's investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in GE. New Age Alpha Advisors LLC boosted its stake in shares of GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace in the fourth quarter valued at about $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the sale, the senior vice president now directly owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

GE Aerospace Trading Up 0.7%

GE Aerospace stock traded up $1.68 during trading hours on Friday, reaching $245.84. 9,141,246 shares of the company's stock traded hands, compared to its average volume of 5,381,047. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $246.86. The firm has a market capitalization of $262.16 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.59 and a beta of 1.31. The firm's 50 day moving average is $205.20 and its 200-day moving average is $193.60.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on GE shares. Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a report on Wednesday, April 23rd. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. 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 report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace 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.