GE Aerospace (NYSE:GE) Holdings Boosted by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 96.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,294 shares of the company's stock after purchasing an additional 4,558 shares during the period. Roman Butler Fullerton & Co.'s holdings in GE Aerospace were worth $1,726,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in GE Aerospace by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 89,815,318 shares of the company's stock worth $14,980,297,000 after acquiring an additional 410,172 shares during the last quarter. FMR LLC lifted its holdings in GE Aerospace by 1.5% in the fourth quarter. FMR LLC now owns 66,823,968 shares of the company's stock worth $11,145,570,000 after acquiring an additional 965,012 shares during the last quarter. Geode Capital Management LLC lifted its holdings in GE Aerospace by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock worth $3,846,587,000 after acquiring an additional 529,457 shares during the last quarter. Norges Bank bought a new position in GE Aerospace in the fourth quarter worth about $2,375,439,000. Finally, Northern Trust Corp lifted its holdings in GE Aerospace by 5.8% in the fourth quarter. Northern Trust Corp now owns 10,046,867 shares of the company's stock worth $1,675,717,000 after acquiring an additional 553,104 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Insiders Place Their Bets

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 transaction, the senior vice president now 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 disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

GE Aerospace Price Performance

Shares of NYSE GE traded up $3.02 during mid-day trading on Friday, reaching $238.91. 9,076,781 shares of the company traded hands, compared to its average volume of 5,386,266. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $257.47. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. The firm has a market cap of $254.78 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38. The stock has a fifty day simple moving average of $221.93 and a 200-day simple moving average of $200.27.

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 for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GE shares. Wells Fargo & Company lifted their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock 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.