GE Aerospace (NYSE:GE) Shares Purchased by Zimmer Partners LP

Zimmer Partners LP grew its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 85.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,500 shares of the company's stock after buying an additional 55,500 shares during the period. Zimmer Partners LP's holdings in GE Aerospace were worth $20,098,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GE. Chung Wu Investment Group LLC purchased a new stake in shares of GE Aerospace in the fourth quarter worth $795,000. National Bank of Canada FI boosted its holdings in GE Aerospace by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock worth $177,535,000 after buying an additional 29,844 shares during the period. National Pension Service increased its stake in GE Aerospace by 1.7% in the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock worth $376,051,000 after buying an additional 37,884 shares in the last quarter. FourThought Financial Partners LLC bought a new stake in GE Aerospace during the fourth quarter valued at about $507,000. Finally, Invesco Ltd. lifted its position in shares of GE Aerospace by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock valued at $1,591,970,000 after acquiring an additional 1,204,910 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Down 1.4%

Shares of GE Aerospace stock traded down $3.38 on Thursday, reaching $230.16. The company had a trading volume of 6,903,838 shares, compared to its average volume of 5,347,164. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $237.30. The firm has a market cap of $245.44 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 2.59 and a beta of 1.31. The firm's 50-day moving average price is $200.56 and its two-hundred day moving average price is $190.76.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (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 during the quarter, compared to analyst estimates of $9.06 billion. As a group, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday. Bank of America raised their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic assumed 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. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $216.92.

Insider Buying and Selling at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president now owns 11,540 shares of the company's stock, valued at approximately $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 accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was 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 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. 0.21% of the stock is owned by corporate 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.