GE Aerospace (NYSE:GE) Shares Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH grew its stake in GE Aerospace (NYSE:GE - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,462 shares of the company's stock after purchasing an additional 25,303 shares during the quarter. Siemens Fonds Invest GmbH's holdings in GE Aerospace were worth $9,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC boosted its holdings in GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in GE Aerospace during the fourth quarter worth $28,000. Putney Financial Group LLC acquired a new stake in GE Aerospace during the fourth quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in GE Aerospace in the 4th quarter valued at $29,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 0.7%

Shares of GE Aerospace stock traded up $1.60 on Friday, reaching $245.76. The company's stock had a trading volume of 2,452,857 shares, compared to its average volume of 5,350,841. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $246.01. The firm's fifty day simple moving average is $204.52 and its two-hundred day simple moving average is $193.17. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $262.07 billion, a price-to-earnings ratio of 41.06, a P/E/G ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. Equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction 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 directly owns 8,805 shares of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction 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 transaction, 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 owned by corporate insiders.

Analyst Ratings Changes

GE has been the topic of several recent analyst reports. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 23rd. UBS Group boosted their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Redburn Atlantic started coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $216.92.

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.