Janney Montgomery Scott LLC Acquires 23,302 Shares of GE Aerospace (NYSE:GE)

Janney Montgomery Scott LLC lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,793 shares of the company's stock after purchasing an additional 23,302 shares during the quarter. Janney Montgomery Scott LLC's holdings in GE Aerospace were worth $36,586,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. M.E. Allison & CO. Inc. lifted its position in GE Aerospace by 29.5% during the 1st quarter. M.E. Allison & CO. Inc. now owns 3,452 shares of the company's stock worth $691,000 after buying an additional 787 shares in the last quarter. Mission Wealth Management LP increased its position in shares of GE Aerospace by 11.4% in the first quarter. Mission Wealth Management LP now owns 15,049 shares of the company's stock valued at $3,012,000 after acquiring an additional 1,537 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in GE Aerospace by 54.3% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,463 shares of the company's stock worth $693,000 after acquiring an additional 1,218 shares in the last quarter. Brown Miller Wealth Management LLC bought a new stake in GE Aerospace during the first quarter worth about $221,000. Finally, Cyndeo Wealth Partners LLC boosted its position in GE Aerospace by 18.6% during the first quarter. Cyndeo Wealth Partners LLC now owns 3,660 shares of the company's stock valued at $732,000 after purchasing an additional 574 shares during the last quarter. Institutional investors 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 firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following 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 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 company's stock in a transaction dated Tuesday, April 29th. The stock was 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 $1,766,899.35. This represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GE. Wells Fargo & Company upped their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. UBS Group increased their price target 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. Royal Bank of Canada set a $275.00 price objective on shares of GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Redburn Atlantic initiated coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $221.15.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $236.38 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a market cap of $252.07 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 2.59 and a beta of 1.38. The stock's fifty day moving average price is $217.77 and its two-hundred day moving average price is $198.86. GE Aerospace has a one year low of $150.20 and a one year high of $257.47.

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

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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