Ascent Group LLC Boosts Position in GE Aerospace (NYSE:GE)

Ascent Group LLC lifted its stake in GE Aerospace (NYSE:GE - Free Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,555 shares of the company's stock after buying an additional 1,444 shares during the quarter. Ascent Group LLC's holdings in GE Aerospace were worth $3,262,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GE. Janney Montgomery Scott LLC boosted its position in GE Aerospace by 6.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 159,491 shares of the company's stock worth $26,602,000 after purchasing an additional 9,215 shares in the last quarter. Red Door Wealth Management LLC lifted its holdings in GE Aerospace by 4.0% in the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the company's stock valued at $241,000 after purchasing an additional 56 shares in the last quarter. Secure Asset Management LLC lifted its stake in shares of GE Aerospace by 28.1% in the fourth quarter. Secure Asset Management LLC now owns 6,402 shares of the company's stock worth $1,068,000 after buying an additional 1,406 shares in the last quarter. Brighton Jones LLC lifted its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of GE Aerospace by 1.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 9,658 shares of the company's stock worth $1,611,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on GE shares. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. UBS Group lifted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Citigroup reduced their target price on 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, Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $216.92.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares in the company, valued at $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 available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now owns 11,540 shares in the company, valued at $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. Company insiders own 0.21% of the company's stock.

GE Aerospace Stock Performance

Shares of GE traded up $0.20 during mid-day trading on Thursday, reaching $243.87. 2,974,410 shares of the company's stock were exchanged, compared to its average volume of 5,351,001. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market capitalization of $260.06 billion, a PE ratio of 40.73, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The business's fifty day simple moving average is $203.85 and its 200-day simple moving average is $192.75. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $247.99.

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, 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 firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

About GE Aerospace

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.