Xn LP Purchases 82,607 Shares of GE Aerospace (NYSE:GE)

XN LP raised its position in shares of GE Aerospace (NYSE:GE - Free Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,116,357 shares of the company's stock after acquiring an additional 82,607 shares during the quarter. GE Aerospace comprises 7.4% of XN LP's investment portfolio, making the stock its 3rd biggest holding. XN LP owned about 0.10% of GE Aerospace worth $186,197,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GE. Truvestments Capital LLC increased its stake in GE Aerospace by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after purchasing an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE raised its stake in GE Aerospace by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after buying an additional 50 shares in the last quarter. Ballast Advisors LLC lifted its stake in shares of GE Aerospace by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after purchasing an additional 51 shares during the last quarter. Blue Barn Wealth LLC boosted its holdings in shares of GE Aerospace by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock valued at $245,000 after buying an additional 54 shares in the last quarter. Finally, Game Plan Financial Advisors LLC grew its stake in GE Aerospace by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock worth $96,000 after buying an additional 55 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GE has been the subject of a number of research reports. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Two 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 has an average rating of "Moderate Buy" and an average target price of $216.92.

Insider Buying and Selling

In other GE Aerospace 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 completion of the transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 value of $321,473.34. Following the completion of the transaction, the senior vice president now directly owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

GE Aerospace Stock Down 1.4%

GE stock traded down $3.38 during trading on Thursday, hitting $230.16. 6,903,838 shares of the company's stock were exchanged, compared to its average volume of 5,347,164. The stock has a market capitalization of $245.44 billion, a price-to-earnings ratio of 38.42, a PEG 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 has a 52-week low of $150.20 and a 52-week high of $237.30. The business has a 50-day moving average price of $200.56 and a two-hundred day moving average price of $190.76.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities research analysts expect 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.