Mufg Securities Americas Inc. Invests $2.67 Million in GE Aerospace (NYSE:GE)

Mufg Securities Americas Inc. bought a new stake in GE Aerospace (NYSE:GE - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,976 shares of the company's stock, valued at approximately $2,665,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC grew its position in shares of GE Aerospace by 176.7% in the 4th quarter. Fiduciary Alliance LLC now owns 3,528 shares of the company's stock valued at $588,000 after buying an additional 2,253 shares during the last quarter. Trust Co. of Toledo NA OH grew its position in shares of GE Aerospace by 43.2% during the fourth quarter. Trust Co. of Toledo NA OH now owns 4,637 shares of the company's stock worth $773,000 after acquiring an additional 1,399 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of GE Aerospace by 5.7% in the 4th quarter. Brookstone Capital Management now owns 20,010 shares of the company's stock valued at $3,337,000 after acquiring an additional 1,083 shares during the period. Capital Investment Advisors LLC raised its position in GE Aerospace by 7.8% in the 4th quarter. Capital Investment Advisors LLC now owns 10,618 shares of the company's stock valued at $1,771,000 after purchasing an additional 767 shares during the last quarter. Finally, Cooper Financial Group raised its position in GE Aerospace by 40.1% in the 4th quarter. Cooper Financial Group now owns 2,257 shares of the company's stock valued at $376,000 after purchasing an additional 646 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on GE shares. 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 research note on Thursday, April 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 23rd. Bank of America lifted their target price on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price objective 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. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Price Performance

GE Aerospace stock traded up $2.48 during mid-day trading on Friday, reaching $231.86. The company had a trading volume of 4,642,569 shares, compared to its average volume of 5,352,629. The stock's 50-day simple moving average is $197.39 and its 200-day simple moving average is $189.08. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $232.28. 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 $247.25 billion, a P/E ratio of 38.71, a P/E/G ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. The firm 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 14.31% and a return on equity of 22.19%. On average, equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

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.