Sendero Wealth Management LLC Has $3 Million Stake in GE Aerospace (NYSE:GE)

Sendero Wealth Management LLC grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 526.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,008 shares of the company's stock after purchasing an additional 12,613 shares during the period. Sendero Wealth Management LLC's holdings in GE Aerospace were worth $3,004,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. TrueWealth Advisors LLC increased its stake in GE Aerospace by 6.4% during the 1st quarter. TrueWealth Advisors LLC now owns 3,477 shares of the company's stock worth $696,000 after acquiring an additional 210 shares during the period. Amplius Wealth Advisors LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth $231,000. Apella Capital LLC increased its position in shares of GE Aerospace by 34.0% in the first quarter. Apella Capital LLC now owns 4,290 shares of the company's stock worth $803,000 after purchasing an additional 1,088 shares during the period. Triangle Securities Wealth Management increased its position in shares of GE Aerospace by 3.6% in the first quarter. Triangle Securities Wealth Management now owns 2,702 shares of the company's stock worth $541,000 after purchasing an additional 93 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in GE Aerospace by 16.9% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,204 shares of the company's stock valued at $2,643,000 after purchasing an additional 1,912 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insiders Place Their Bets

In related news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was 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 represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents 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 Trading Up 1.2%

Shares of NYSE:GE traded up $3.03 during mid-day trading on Friday, reaching $254.95. 3,991,973 shares of the company's stock were exchanged, compared to its average volume of 5,359,208. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.41. The firm has a market capitalization of $271.87 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.59 and a beta of 1.38. The business's fifty day moving average price is $208.91 and its 200-day moving average price is $195.55.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GE shares. UBS Group raised their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Redburn Atlantic initiated coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Royal Bank of Canada set a $275.00 price target on GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.15.

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.