GE Aerospace (NYSE:GE) Position Trimmed by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its position in GE Aerospace (NYSE:GE - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,884 shares of the company's stock after selling 21,249 shares during the quarter. GE Aerospace comprises 1.7% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 9th biggest position. Douglas Lane & Associates LLC owned about 0.05% of GE Aerospace worth $114,463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of GE Aerospace by 25.3% in the 4th 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 during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares during the last quarter. OLD National Bancorp IN increased its holdings in shares of GE Aerospace by 8.8% in the 4th quarter. OLD National Bancorp IN now owns 3,584 shares of the company's stock worth $598,000 after buying an additional 290 shares during the last quarter. Sonora Investment Management Group LLC increased its holdings in shares of GE Aerospace by 11.2% in the 4th quarter. Sonora Investment Management Group LLC now owns 2,019 shares of the company's stock worth $337,000 after buying an additional 204 shares during the last quarter. Finally, New Wave Wealth Advisors LLC bought a new position in shares of GE Aerospace in the 4th quarter worth $85,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Redburn Atlantic started coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. Finally, UBS Group lifted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Trading Up 0.6%

Shares of GE stock traded up $1.41 during mid-day trading on Monday, reaching $247.32. The stock had a trading volume of 5,447,038 shares, compared to its average volume of 5,355,982. The stock's 50-day moving average price is $205.20 and its two-hundred day moving average price is $193.78. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $248.04. The firm has a market capitalization of $263.74 billion, a PE ratio of 41.29, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $9.06 billion. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

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.