GE Aerospace (NYSE:GE) Shares Sold by Synergy Asset Management LLC

Synergy Asset Management LLC lowered its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 47.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 25,265 shares of the company's stock after selling 22,965 shares during the period. Synergy Asset Management LLC's holdings in GE Aerospace were worth $5,057,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GE. Heartland Bank & Trust Co bought a new position in GE Aerospace during the first quarter valued at $687,000. Cyr Financial Inc. increased its holdings in GE Aerospace by 3.5% in the 1st quarter. Cyr Financial Inc. now owns 4,549 shares of the company's stock worth $911,000 after acquiring an additional 152 shares during the last quarter. Brendel Financial Advisors LLC bought a new stake in GE Aerospace in the 1st quarter valued at about $227,000. Cullinan Associates Inc. boosted its position in GE Aerospace by 7.5% during the first quarter. Cullinan Associates Inc. now owns 6,679 shares of the company's stock worth $1,337,000 after purchasing an additional 465 shares during the period. Finally, Fishman Jay A Ltd. MI increased its stake in shares of GE Aerospace by 95.9% in the first quarter. Fishman Jay A Ltd. MI now owns 33,571 shares of the company's stock worth $6,719,000 after purchasing an additional 16,431 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

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

GE Aerospace Stock Up 0.4%

Shares of NYSE GE traded up $1.11 during mid-day trading on Wednesday, hitting $249.86. 5,196,781 shares of the stock traded hands, compared to its average volume of 5,389,296. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. The company has a market cap of $266.45 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 3.00 and a beta of 1.38. The stock has a fifty day moving average price of $224.44 and a 200-day moving average price of $201.31. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last released 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 return on equity of 29.15% and a net margin of 17.63%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. Research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

Insider Buying and Selling at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction dated 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 directly owns 11,540 shares in the company, valued at $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

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.