USS Investment Management Ltd Sells 7,167 Shares of GE Aerospace (NYSE:GE)

USS Investment Management Ltd cut its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,613 shares of the company's stock after selling 7,167 shares during the period. USS Investment Management Ltd's holdings in GE Aerospace were worth $30,129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GE. Waverly Advisors LLC raised its holdings in shares of GE Aerospace by 111.7% in the fourth quarter. Waverly Advisors LLC now owns 21,152 shares of the company's stock worth $3,528,000 after buying an additional 11,160 shares during the last quarter. Williams Jones Wealth Management LLC. raised its holdings in shares of GE Aerospace by 0.9% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 31,846 shares of the company's stock worth $5,312,000 after buying an additional 299 shares during the last quarter. Woodline Partners LP purchased a new position in shares of GE Aerospace in the fourth quarter worth $8,990,000. XN LP increased its stake in shares of GE Aerospace by 8.0% in the fourth quarter. XN LP now owns 1,116,357 shares of the company's stock worth $186,197,000 after acquiring an additional 82,607 shares during the period. Finally, Zimmer Partners LP increased its stake in shares of GE Aerospace by 85.4% in the fourth quarter. Zimmer Partners LP now owns 120,500 shares of the company's stock worth $20,098,000 after acquiring an additional 55,500 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GE. Redburn Atlantic began coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Wells Fargo & Company raised their price target 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Bank of America lifted their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Price Performance

Shares of GE stock opened at $235.01 on Tuesday. 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 company has a market capitalization of $250.61 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The firm's 50-day moving average is $198.98 and its two-hundred day moving average is $190.15. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $235.87.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

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.

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