Worth Asset Management LLC Sells 1,464 Shares of GE Aerospace (NYSE:GE)

Worth Asset Management LLC decreased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 37.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,402 shares of the company's stock after selling 1,464 shares during the quarter. Worth Asset Management LLC's holdings in GE Aerospace were worth $481,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GE. New Age Alpha Advisors LLC boosted its stake in 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 in the last quarter. Hager Investment Management Services LLC bought a new position in shares of GE Aerospace during the 4th quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of GE Aerospace in the 4th quarter valued at about $28,000. Putney Financial Group LLC bought a new stake in GE Aerospace in the 4th quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in GE Aerospace during the 4th quarter worth approximately $29,000. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GE shares. UBS Group boosted their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. 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 report on Thursday, April 24th. Citigroup dropped their price target 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. Royal Bank of Canada boosted their price objective on GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Two research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Stock Performance

GE stock traded up $1.41 during midday trading on Tuesday, reaching $248.89. 6,450,597 shares of the company's stock traded hands, compared to its average volume of 5,360,393. The firm has a market capitalization of $265.41 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $250.37. 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 50-day moving average price of $206.00 and a two-hundred day moving average price of $194.27.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. As a group, equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company'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 completion of the sale, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

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.