Capital Asset Advisory Services LLC Has $658,000 Position in GE Aerospace (NYSE:GE)

Capital Asset Advisory Services LLC raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 60.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,296 shares of the company's stock after acquiring an additional 1,244 shares during the quarter. Capital Asset Advisory Services LLC's holdings in GE Aerospace were worth $658,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GE. New Age Alpha Advisors LLC grew its holdings 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 valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in GE Aerospace during the 4th quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in GE Aerospace during the 4th quarter valued at approximately $28,000. Putney Financial Group LLC bought a new position in GE Aerospace during the 4th quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in GE Aerospace in the fourth quarter worth $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on GE shares. Royal Bank of Canada set a $275.00 target price on shares of GE Aerospace and gave the stock an "outperform" rating in a research report on Tuesday. Redburn Atlantic initiated coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. UBS Group upped their price target on shares of 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 target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note 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, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Stock Performance

Shares of NYSE GE traded up $2.98 during mid-day trading on Friday, hitting $254.90. The company had a trading volume of 3,821,211 shares, compared to its average volume of 5,358,017. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.41. The firm has a market cap of $271.82 billion, a P/E ratio of 42.56, a PEG ratio of 2.59 and a beta of 1.38. The business's 50-day simple moving average is $208.91 and its 200-day simple moving average is $195.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 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 company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. As a group, analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president now 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 Securities & Exchange Commission, which is available at this link. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 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 disclosure for this sale can be found here. 0.21% of the stock is owned by company 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.