Chancellor Financial Group WB LP Makes New Investment in GE Aerospace (NYSE:GE)

Chancellor Financial Group WB LP bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,357 shares of the company's stock, valued at approximately $560,000.

A number of other hedge funds have also recently modified their holdings of the business. New Age Alpha Advisors LLC increased 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 acquiring an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in GE Aerospace during the 4th quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in GE Aerospace during the 4th quarter valued at $28,000. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace in the 4th quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in shares of GE Aerospace in the 4th quarter worth $29,000. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on GE. UBS Group boosted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace 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. Citigroup dropped 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, Redburn Atlantic began coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $216.92.

Insider Transactions at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the company'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 value of $321,473.34. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

GE Aerospace Stock Up 0.7%

NYSE:GE traded up $1.68 during mid-day trading on Friday, hitting $245.84. 9,141,246 shares of the company's stock traded hands, compared to its average volume of 5,376,855. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $246.84. The company has a market capitalization of $262.16 billion, a P/E ratio of 41.04, a P/E/G ratio of 2.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a fifty day moving average of $204.52 and a 200 day moving average of $193.17.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts forecast that GE Aerospace will post 5.4 EPS 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.