Tidal Investments LLC Increases Stock Holdings in GE Aerospace (NYSE:GE)

Tidal Investments LLC boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 58.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,574 shares of the company's stock after buying an additional 39,375 shares during the period. Tidal Investments LLC's holdings in GE Aerospace were worth $17,775,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GE. Truvestments Capital LLC lifted its holdings in GE Aerospace by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after acquiring an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of 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 purchasing an additional 50 shares during the period. Ballast Advisors LLC boosted its holdings in GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after buying an additional 51 shares in the last quarter. Blue Barn Wealth LLC grew its position 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 buying an additional 54 shares during the period. Finally, Game Plan Financial Advisors LLC grew its position in GE Aerospace by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock worth $96,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Down 0.7%

Shares of NYSE:GE traded down $1.70 during midday trading on Wednesday, reaching $233.56. The company's stock had a trading volume of 4,628,911 shares, compared to its average volume of 5,340,918. The business has a 50 day moving average price of $199.84 and a 200 day moving average price of $190.46. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $237.26. The firm has a market cap of $249.07 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $9.06 billion. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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. 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 currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GE shares. Royal Bank of Canada reiterated an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their target price on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday. Finally, Bank of America increased their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $216.92.

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.