GE Aerospace (NYSE:GE) Shares Acquired by Quilter Plc

Quilter Plc boosted its position in GE Aerospace (NYSE:GE - Free Report) by 87.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,155 shares of the company's stock after purchasing an additional 8,444 shares during the quarter. Quilter Plc's holdings in GE Aerospace were worth $3,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GE. Bull Street Advisors LLC purchased a new stake in shares of GE Aerospace during the first quarter worth about $231,000. Jaffetilchin Investment Partners LLC grew its stake in GE Aerospace by 3.4% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 14,111 shares of the company's stock worth $2,824,000 after acquiring an additional 463 shares during the period. Bartlett & CO. Wealth Management LLC raised its holdings in GE Aerospace by 1.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 14,197 shares of the company's stock valued at $2,847,000 after acquiring an additional 210 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in GE Aerospace by 65.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 64,890 shares of the company's stock valued at $12,988,000 after acquiring an additional 25,740 shares during the last quarter. Finally, Old North State Wealth Management LLC lifted its stake in shares of GE Aerospace by 4.1% during the 1st quarter. Old North State Wealth Management LLC now owns 2,062 shares of the company's stock worth $414,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Price Performance

GE Aerospace stock opened at $251.47 on Friday. The firm has a fifty day moving average of $227.18 and a 200-day moving average of $202.19. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $257.47. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $268.16 billion, a P/E ratio of 39.11, a PEG ratio of 3.01 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The firm 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 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group upped their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. 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. Finally, Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $221.15.

Insider Transactions at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares of the company's stock, valued at approximately $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. Company insiders own 0.21% of the company's stock.

GE Aerospace 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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