Vest Financial LLC Has $12.61 Million Stake in GE Aerospace (NYSE:GE)

Vest Financial LLC boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 569.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,992 shares of the company's stock after acquiring an additional 53,583 shares during the quarter. Vest Financial LLC's holdings in GE Aerospace were worth $12,608,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC grew its stake in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after buying an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace in the 4th quarter valued at $28,000. CBIZ Investment Advisory Services LLC bought a new position in GE Aerospace in the fourth quarter valued at about $29,000. Finally, Picton Mahoney Asset Management lifted its holdings in shares of GE Aerospace by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the company's stock worth $30,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Up 1.5%

GE opened at $255.71 on Friday. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $257.47. The company's 50-day moving average is $209.94 and its 200 day moving average is $196.09. 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 firm has a market capitalization of $272.69 billion, a P/E ratio of 42.69, a PEG ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. Research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company 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 research note on Monday, May 19th. UBS Group raised their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $221.15.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 1,602 shares of the business's 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 completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the 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 completion of the sale, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

About GE Aerospace

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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