Apella Capital LLC Has $803,000 Position in GE Aerospace (NYSE:GE)

Apella Capital LLC grew its position in GE Aerospace (NYSE:GE - Free Report) by 34.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,290 shares of the company's stock after acquiring an additional 1,088 shares during the period. Apella Capital LLC's holdings in GE Aerospace were worth $803,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

GE has been the topic of a number of analyst reports. Royal Bank of Canada set a $275.00 price target on shares of GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. UBS Group lifted their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Citigroup lowered their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company raised their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and an average target price of $221.15.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on 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 in the company, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction on Thursday, April 24th. The shares were 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. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Stock Performance

Shares of GE stock traded up $3.79 during midday trading on Friday, hitting $255.71. 5,792,957 shares of the company were exchanged, compared to its average volume of 5,365,422. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $257.41. The firm has a market capitalization of $272.69 billion, a P/E ratio of 42.69, a PEG ratio of 2.59 and a beta of 1.38. The firm's 50 day moving average price is $208.91 and its two-hundred day moving average price is $195.55. 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 (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

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.