Orser Capital Management LLC Makes New $1.21 Million Investment in GE Aerospace (NYSE:GE)

Orser Capital Management LLC bought a new stake in GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,057 shares of the company's stock, valued at approximately $1,212,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC boosted its position in GE Aerospace by 133.3% in 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 purchased a new position in GE Aerospace in the 4th quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in GE Aerospace in the 4th quarter valued at approximately $28,000. Putney Financial Group LLC purchased a new position in GE Aerospace in the 4th quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in GE Aerospace in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

NYSE GE traded up $0.85 during trading hours on Thursday, hitting $251.73. 4,137,754 shares of the stock were exchanged, compared to its average volume of 5,359,162. The company has a market cap of $268.44 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $253.06. The stock has a 50-day moving average of $207.88 and a 200 day moving average of $195.04. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. As a group, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction dated 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 approximately $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. The trade was a 26.23% 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.

Wall Street Analyst Weigh In

Several equities analysts have commented on GE shares. UBS Group raised their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Redburn Atlantic started coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Citigroup decreased their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada lifted their price objective on shares of GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $221.15.

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.