GE Aerospace (NYSE:GE) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in GE Aerospace (NYSE:GE - Free Report) by 45.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,013 shares of the company's stock after purchasing an additional 34,700 shares during the period. Two Sigma Advisers LP's holdings in GE Aerospace were worth $18,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. LVW Advisors LLC purchased a new position in shares of GE Aerospace during the fourth quarter worth approximately $214,000. Diversify Wealth Management LLC increased its position in shares of GE Aerospace by 3.4% during the fourth quarter. Diversify Wealth Management LLC now owns 4,846 shares of the company's stock worth $832,000 after acquiring an additional 161 shares during the period. Diversify Advisory Services LLC increased its position in shares of GE Aerospace by 74.4% during the fourth quarter. Diversify Advisory Services LLC now owns 2,856 shares of the company's stock worth $490,000 after acquiring an additional 1,218 shares during the period. UMB Bank n.a. increased its position in shares of GE Aerospace by 15.3% during the fourth quarter. UMB Bank n.a. now owns 8,760 shares of the company's stock worth $1,461,000 after acquiring an additional 1,160 shares during the period. Finally, Pure Financial Advisors LLC increased its holdings in GE Aerospace by 3.8% during the fourth quarter. Pure Financial Advisors LLC now owns 3,384 shares of the company's stock valued at $564,000 after buying an additional 123 shares during the period. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on GE shares. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Bank of America lifted their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, UBS Group lifted their price objective 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.92.

GE Aerospace Stock Performance

NYSE:GE traded up $2.59 during mid-day trading on Friday, hitting $232.86. The company's stock had a trading volume of 4,231,972 shares, compared to its average volume of 5,338,171. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $237.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market cap of $248.32 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.59 and a beta of 1.31. The business's fifty day moving average is $201.76 and its two-hundred day moving average is $191.56.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS 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. Analysts anticipate 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 company's stock in a transaction dated 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 in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, the vice president now owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Corporate 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.