Panoramic Capital Partners LLC Buys Shares of 1,378 GE Aerospace (NYSE:GE)

Panoramic Capital Partners LLC purchased a new stake in GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,378 shares of the company's stock, valued at approximately $276,000.

A number of other institutional investors also recently modified their holdings of GE. New Age Alpha Advisors LLC grew its position in GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in GE Aerospace in the 4th quarter valued at approximately $28,000. Putney Financial Group LLC bought a new position in GE Aerospace in the 4th quarter valued at approximately $28,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of GE Aerospace during the fourth quarter worth $29,000. Finally, Picton Mahoney Asset Management increased its holdings in shares of GE Aerospace by 62.4% during the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the company's stock worth $30,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

GE has been the topic of several recent research reports. Redburn Atlantic initiated coverage on GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. Royal Bank of Canada set a $275.00 price objective on shares of GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. UBS Group lifted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Citigroup lowered their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $221.15.

GE Aerospace Price Performance

Shares of GE opened at $255.71 on Monday. The firm has a fifty day simple moving average of $209.94 and a two-hundred day simple moving average of $196.34. The firm has a market cap of $272.69 billion, a PE ratio of 42.69, a P/E/G ratio of 2.59 and a beta of 1.38. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $257.47.

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, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $9.06 billion. On average, equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the business'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 completion of the sale, 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 disclosure for this sale can be found here. 0.21% of the stock is currently owned by company 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.

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