GE Aerospace (NYSE:GE) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in GE Aerospace (NYSE:GE - Free Report) by 186.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,044 shares of the company's stock after acquiring an additional 9,800 shares during the period. Oppenheimer Asset Management Inc.'s holdings in GE Aerospace were worth $3,011,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EQ Wealth Advisors LLC acquired a new stake in GE Aerospace in the 1st quarter valued at about $62,000. Continuum Advisory LLC increased its stake in shares of GE Aerospace by 22.4% during the first quarter. Continuum Advisory LLC now owns 1,297 shares of the company's stock worth $260,000 after buying an additional 237 shares during the period. Dopkins Wealth Management LLC raised its holdings in GE Aerospace by 5.0% in the first quarter. Dopkins Wealth Management LLC now owns 2,688 shares of the company's stock valued at $538,000 after acquiring an additional 128 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in GE Aerospace by 18.3% in the first quarter. JFS Wealth Advisors LLC now owns 1,648 shares of the company's stock worth $330,000 after acquiring an additional 255 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in GE Aerospace by 4.2% in the first quarter. Brown Lisle Cummings Inc. now owns 2,173 shares of the company's stock worth $435,000 after acquiring an additional 87 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group increased their price objective 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. Citigroup lowered their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company raised their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $221.15.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was 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 of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace 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 transaction, 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 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 Stock Up 0.4%

GE Aerospace stock opened at $249.86 on Thursday. The company has a market capitalization of $266.45 billion, a P/E ratio of 38.86, a PEG ratio of 3.00 and a beta of 1.38. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $257.47. The stock has a 50-day simple moving average of $225.79 and a 200-day simple moving average of $201.64.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. Equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

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.

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