Park Edge Advisors LLC Trims Stock Position in GE Aerospace (NYSE:GE)

Park Edge Advisors LLC lowered its stake in GE Aerospace (NYSE:GE - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,982 shares of the company's stock after selling 2,487 shares during the quarter. Park Edge Advisors LLC's holdings in GE Aerospace were worth $997,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. TruWealth Advisors LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $200,000. Wealth Alliance Advisory Group LLC raised its stake in shares of GE Aerospace by 19.9% during the first quarter. Wealth Alliance Advisory Group LLC now owns 9,989 shares of the company's stock worth $1,999,000 after acquiring an additional 1,657 shares in the last quarter. Nixon Peabody Trust Co. lifted its holdings in shares of GE Aerospace by 9.8% in the 1st quarter. Nixon Peabody Trust Co. now owns 2,827 shares of the company's stock worth $566,000 after acquiring an additional 252 shares during the last quarter. Firethorn Wealth Partners LLC purchased a new stake in shares of GE Aerospace in the 1st quarter valued at $245,000. Finally, Financial Management Professionals Inc. boosted its stake in shares of GE Aerospace by 136.1% in the 1st quarter. Financial Management Professionals Inc. now owns 791 shares of the company's stock valued at $158,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group lifted their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. 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 note on Tuesday. Finally, Wells Fargo & Company upped their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Stock Up 1.5%

GE traded up $3.79 during midday trading on Friday, reaching $255.71. The company's stock had a trading volume of 4,716,799 shares, compared to its average volume of 5,364,834. The stock's 50-day moving average is $208.91 and its 200-day moving average is $195.55. The firm has a market capitalization of $272.69 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.59 and a beta of 1.38. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $257.41. 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 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. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. As a group, research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Insider Activity at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction on 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 sale, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction 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 transaction, 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 currently owned by insiders.

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.