GE Aerospace (NYSE:GE) Shares Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 52.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,613 shares of the company's stock after purchasing an additional 5,371 shares during the period. Focus Partners Advisor Solutions LLC's holdings in GE Aerospace were worth $2,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC increased its stake in GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after buying an additional 84 shares during the period. Hager Investment Management Services LLC bought a new stake in GE Aerospace during the fourth quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace in the fourth quarter worth approximately $28,000. Sugar Maple Asset Management LLC bought a new position in GE Aerospace during the 4th quarter valued at $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of GE Aerospace during the 4th quarter valued at $29,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Down 0.7%

Shares of NYSE:GE opened at $233.56 on Thursday. The firm has a 50 day simple moving average of $200.56 and a 200 day simple moving average of $190.76. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $237.30. 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 market cap of $249.07 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last announced its 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. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. As a group, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of the 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 directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at $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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GE shares. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday. Bank of America raised their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. UBS Group increased their target price 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. Wells Fargo & Company raised their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $216.92.

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.

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