Unigestion Holding SA Makes New Investment in GE Aerospace (NYSE:GE)

Unigestion Holding SA bought a new stake in GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,759 shares of the company's stock, valued at approximately $1,153,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC increased its position in GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in GE Aerospace in the fourth quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace in the fourth quarter valued at approximately $28,000. Putney Financial Group LLC acquired a new stake in GE Aerospace during the fourth quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in GE Aerospace during the fourth quarter worth approximately $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Up 0.3%

NYSE:GE traded up $0.85 during trading hours on Thursday, reaching $251.73. 4,140,352 shares of the company traded hands, compared to its average volume of 5,359,362. The business's 50-day moving average price is $207.88 and its two-hundred day moving average price is $195.04. The stock has a market capitalization of $268.44 billion, a P/E ratio of 42.03, a P/E/G ratio of 2.59 and a beta of 1.38. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $253.06. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Redburn Atlantic began coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada raised their price objective on GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Citigroup cut their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $221.15.

Insiders Place Their Bets

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction 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 transaction, the vice president now 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 at the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction 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 sale, the senior vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

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.