Quad Cities Investment Group LLC Purchases Shares of 1,066 GE Aerospace (NYSE:GE)

Quad Cities Investment Group LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,066 shares of the company's stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. LVW Advisors LLC increased its position in shares of GE Aerospace by 35.3% during the 1st quarter. LVW Advisors LLC now owns 1,734 shares of the company's stock valued at $347,000 after purchasing an additional 452 shares during the period. Sweeney & Michel LLC bought a new position in GE Aerospace during the first quarter valued at about $276,000. Fragasso Financial Advisors Inc bought a new position in shares of GE Aerospace during the 1st quarter worth approximately $221,000. NBC Securities Inc. boosted its holdings in shares of GE Aerospace by 127,966.7% in the 1st quarter. NBC Securities Inc. now owns 3,842 shares of the company's stock worth $769,000 after acquiring an additional 3,839 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its holdings in GE Aerospace by 14.6% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 2,818 shares of the company's stock worth $564,000 after buying an additional 359 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity

In other news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the 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 sale, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

GE has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada boosted their target price on GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. UBS Group raised their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Stock Performance

Shares of GE stock traded up $1.41 during trading hours on Tuesday, hitting $248.89. The stock had a trading volume of 6,450,597 shares, compared to its average volume of 5,362,568. 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 twelve month low of $150.20 and a twelve month high of $250.37. The firm has a market capitalization of $265.41 billion, a PE ratio of 41.55, a PEG ratio of 2.59 and a beta of 1.31. The stock's 50 day moving average is $206.00 and its 200 day moving average is $194.27.

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, topping 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 firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

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.