Asset Management One Co. Ltd. Acquires 24,810 Shares of GE Aerospace (NYSE:GE)

Asset Management One Co. Ltd. increased its position in GE Aerospace (NYSE:GE - Free Report) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 468,175 shares of the company's stock after purchasing an additional 24,810 shares during the period. Asset Management One Co. Ltd.'s holdings in GE Aerospace were worth $93,705,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares in the last quarter. Pinnacle Financial Partners Inc raised its position in GE Aerospace by 3.4% in the 4th quarter. Pinnacle Financial Partners Inc now owns 7,213 shares of the company's stock valued at $1,203,000 after buying an additional 235 shares during the last quarter. Olympiad Research LP bought a new position in GE Aerospace during the 4th quarter valued at $242,000. Finally, Wealthspire Advisors LLC boosted its holdings in GE Aerospace by 7.6% during the 4th quarter. Wealthspire Advisors LLC now owns 21,066 shares of the company's stock worth $3,514,000 after acquiring an additional 1,483 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of NYSE GE traded up $1.11 during trading on Wednesday, reaching $249.86. 5,063,608 shares of the stock traded hands, compared to its average volume of 5,394,554. 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 stock has a market capitalization of $266.45 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 2.99 and a beta of 1.38. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $257.47. The company has a 50-day moving average of $224.44 and a 200-day moving average of $201.31.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The business 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 17.63% and a return on equity of 29.15%. Analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Activity at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the 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 sale, the vice president now directly owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $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 corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GE. Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Wells Fargo & Company lifted 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. UBS Group upped their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Citigroup reduced their price objective 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.15.

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.