GE Aerospace (NYSE:GE) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. decreased its position in GE Aerospace (NYSE:GE - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 21,211 shares of the company's stock after selling 1,322 shares during the period. YHB Investment Advisors Inc.'s holdings in GE Aerospace were worth $4,245,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in GE. Sendero Wealth Management LLC grew its stake in shares of GE Aerospace by 526.6% in the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after acquiring an additional 12,613 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $795,000. National Bank of Canada FI boosted its stake in shares of GE Aerospace by 2.9% in the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after buying an additional 29,844 shares during the period. National Pension Service grew its position in GE Aerospace by 1.7% during the fourth quarter. National Pension Service now owns 2,254,637 shares of the company's stock worth $376,051,000 after buying an additional 37,884 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new position in GE Aerospace during the 4th quarter worth $507,000. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on GE. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, UBS Group upped their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $221.15.

GE Aerospace Stock Up 0.5%

Shares of GE traded up $1.14 during mid-day trading on Tuesday, hitting $248.95. 5,254,235 shares of the company traded hands, compared to its average volume of 5,396,360. The company has a market capitalization of $265.48 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average of $223.18 and a 200 day moving average of $200.97. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the business'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 sale, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The sale 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 firm's 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 completion of the transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This 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 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.