Raiffeisen Bank International AG Makes New Investment in GE Aerospace (NYSE:GE)

Raiffeisen Bank International AG purchased a new position in GE Aerospace (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,464 shares of the company's stock, valued at approximately $582,000.

Several other institutional investors have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. grew its holdings in GE Aerospace by 159.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,292 shares of the company's stock valued at $1,883,000 after buying an additional 6,935 shares in the last quarter. Carnegie Investment Counsel raised its holdings in GE Aerospace by 12.0% during the 4th quarter. Carnegie Investment Counsel now owns 3,857 shares of the company's stock valued at $643,000 after buying an additional 413 shares during the period. Capital Advisors Wealth Management LLC raised its holdings in GE Aerospace by 21.7% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 1,329 shares of the company's stock valued at $222,000 after buying an additional 237 shares during the period. Everpar Advisors LLC raised its holdings in GE Aerospace by 12.8% during the 4th quarter. Everpar Advisors LLC now owns 1,278 shares of the company's stock valued at $213,000 after buying an additional 145 shares during the period. Finally, Procyon Advisors LLC raised its holdings in GE Aerospace by 14.3% during the 4th quarter. Procyon Advisors LLC now owns 2,251 shares of the company's stock valued at $375,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Bank of America boosted their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a report on Wednesday, April 23rd. Two research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.92.

Insider Activity

In related 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 owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction that occurred 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 sale, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was 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.

GE Aerospace Stock Down 0.2%

NYSE GE traded down $0.36 during trading hours on Tuesday, hitting $234.93. The company had a trading volume of 4,303,966 shares, compared to its average volume of 5,342,681. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $236.02. The company has a market capitalization of $250.53 billion, a price-to-earnings ratio of 39.22, a P/E/G ratio of 2.59 and a beta of 1.31. 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's 50 day moving average is $198.98 and its 200 day moving average is $190.15.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping 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 analysts' expectations of $9.06 billion. Sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal 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.