GE Aerospace (NYSE:GE) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lessened its position in shares of GE Aerospace (NYSE:GE - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,852 shares of the company's stock after selling 1,841 shares during the quarter. ST Germain D J Co. Inc.'s holdings in GE Aerospace were worth $1,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. Spire Wealth Management grew its position in shares of GE Aerospace by 32.0% in the fourth quarter. Spire Wealth Management now owns 8,229 shares of the company's stock valued at $1,372,000 after purchasing an additional 1,993 shares during the period. Golden State Equity Partners increased its stake in shares of GE Aerospace by 255.2% during the fourth quarter. Golden State Equity Partners now owns 1,236 shares of the company's stock worth $206,000 after purchasing an additional 888 shares in the last quarter. Finally, KPP Advisory Services LLC increased its stake in shares of GE Aerospace by 13.1% during the fourth quarter. KPP Advisory Services LLC now owns 1,545 shares of the company's stock worth $258,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

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

GE Aerospace Trading Up 0.3%

Shares of GE stock traded up $0.85 on Thursday, hitting $251.73. 4,140,352 shares of the stock traded hands, compared to its average volume of 5,359,362. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $253.06. The stock has a market capitalization of $268.44 billion, a PE ratio of 42.03, a PEG ratio of 2.59 and a beta of 1.38. The firm's 50-day moving average price is $207.88 and its two-hundred day moving average price is $195.04. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating 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 company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. As a group, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction 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 that occurred on Thursday, April 24th. The shares were 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 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. Company insiders own 0.21% of the company's stock.

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.