GE Aerospace (NYSE:GE) Position Trimmed by Southern Capital Advisors LLC

Southern Capital Advisors LLC lessened its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,127 shares of the company's stock after selling 1,125 shares during the period. GE Aerospace makes up about 0.9% of Southern Capital Advisors LLC's portfolio, making the stock its 23rd biggest position. Southern Capital Advisors LLC's holdings in GE Aerospace were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Truvestments Capital LLC raised its stake in GE Aerospace by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after purchasing an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its holdings in GE Aerospace by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after acquiring an additional 50 shares during the last quarter. Ballast Advisors LLC grew its position in GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock valued at $349,000 after acquiring an additional 51 shares during the period. Blue Barn Wealth LLC increased its stake in GE Aerospace by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock worth $245,000 after acquiring an additional 54 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its holdings in shares of GE Aerospace by 1.2% in the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 0.5%

Shares of GE stock traded up $1.14 during trading hours on Tuesday, hitting $248.95. 5,254,235 shares of the company were exchanged, compared to its average volume of 5,967,761. The business's 50-day simple moving average is $223.18 and its two-hundred day simple moving average is $200.97. GE Aerospace has a one year low of $150.20 and a one year high of $257.47. The stock has a market capitalization of $265.48 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 2.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08.

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 analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. Sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated 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 owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the company'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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GE. Wells Fargo & Company increased their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. UBS Group lifted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Citigroup reduced their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Company 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.