Advisory Alpha LLC Sells 1,203 Shares of GE Aerospace (NYSE:GE)

Advisory Alpha LLC trimmed its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 44.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,481 shares of the company's stock after selling 1,203 shares during the quarter. Advisory Alpha LLC's holdings in GE Aerospace were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rothschild Investment LLC raised its position in shares of GE Aerospace by 178.4% during the 1st quarter. Rothschild Investment LLC now owns 46,091 shares of the company's stock worth $9,225,000 after buying an additional 29,533 shares in the last quarter. Spartan Planning & Wealth Management raised its position in shares of GE Aerospace by 68.8% during the 1st quarter. Spartan Planning & Wealth Management now owns 2,118 shares of the company's stock worth $424,000 after buying an additional 863 shares in the last quarter. Global Financial Private Client LLC raised its position in shares of GE Aerospace by 9.2% during the 1st quarter. Global Financial Private Client LLC now owns 2,286 shares of the company's stock worth $458,000 after buying an additional 192 shares in the last quarter. Welch Group LLC bought a new stake in shares of GE Aerospace during the 1st quarter worth about $290,000. Finally, Parallel Advisors LLC raised its position in shares of GE Aerospace by 1.9% during the 1st quarter. Parallel Advisors LLC now owns 16,692 shares of the company's stock worth $3,341,000 after buying an additional 316 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of GE Aerospace from $220.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday. Redburn Atlantic initiated coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. UBS Group upped their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Citigroup reduced 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 report on Thursday, April 10th. Finally, Wells Fargo & Company upped their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $221.15.

GE Aerospace Stock Performance

Shares of NYSE:GE traded up $1.41 on Tuesday, reaching $248.89. 6,404,743 shares of the company's stock were exchanged, compared to its average volume of 5,843,479. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $265.41 billion, a price-to-earnings ratio of 41.55, a PEG ratio of 2.59 and a beta of 1.31. The company has a fifty day moving average of $206.00 and a 200-day moving average of $194.27. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $250.50.

GE Aerospace (NYSE:GE - Get Free Report) last released 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 net margin of 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insiders Place Their Bets

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

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.