Advisor Resource Council Acquires Shares of 2,743 GE Aerospace (NYSE:GE)

Advisor Resource Council bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,743 shares of the company's stock, valued at approximately $549,000.

Several other hedge funds have also recently bought and sold shares of GE. Osborne Partners Capital Management LLC boosted its position in shares of GE Aerospace by 3.8% during the first quarter. Osborne Partners Capital Management LLC now owns 5,080 shares of the company's stock worth $1,017,000 after buying an additional 187 shares during the period. Avior Wealth Management LLC boosted its position in GE Aerospace by 4.8% during the 1st quarter. Avior Wealth Management LLC now owns 11,188 shares of the company's stock worth $2,239,000 after acquiring an additional 517 shares during the last quarter. Investment Research & Advisory Group Inc. boosted its position in GE Aerospace by 3.0% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 15,170 shares of the company's stock worth $3,036,000 after acquiring an additional 438 shares during the last quarter. LongView Wealth Management bought a new position in shares of GE Aerospace during the 1st quarter worth approximately $285,000. Finally, Trifecta Capital Advisors LLC grew its stake in shares of GE Aerospace by 9.8% during the 1st quarter. Trifecta Capital Advisors LLC now owns 641 shares of the company's stock worth $128,000 after acquiring an additional 57 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 transaction, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the vice president now owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

GE Aerospace Stock Performance

NYSE GE traded up $1.57 during trading on Thursday, reaching $251.47. 6,786,784 shares of the company's stock were exchanged, compared to its average volume of 5,400,459. 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 business has a 50 day moving average price of $225.79 and a 200-day moving average price of $201.64. The stock has a market capitalization of $268.16 billion, a P/E ratio of 39.11, a PEG ratio of 3.01 and a beta of 1.38. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.06 billion. Sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. UBS Group boosted their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup reduced their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $221.15.

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.