Public Employees Retirement Association of Colorado Sells 27,341 Shares of GE Aerospace (NYSE:GE)

Public Employees Retirement Association of Colorado trimmed its holdings in GE Aerospace (NYSE:GE - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 660,013 shares of the company's stock after selling 27,341 shares during the period. Public Employees Retirement Association of Colorado owned about 0.06% of GE Aerospace worth $110,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in GE. New Age Alpha Advisors LLC lifted its position in shares of GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of GE Aerospace during the fourth quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace during the fourth quarter valued at about $28,000. Sugar Maple Asset Management LLC purchased a new stake in GE Aerospace during the fourth quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in GE Aerospace during the fourth quarter worth about $29,000. 74.77% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was 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 of the company's stock, valued at approximately $2,270,264.20. This trade represents a 26.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

GE has been the subject of a number of research analyst reports. UBS Group raised their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a report on Wednesday, April 23rd. Wells Fargo & Company increased their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Bank of America increased their target price on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Price Performance

GE traded up $2.28 during trading on Thursday, reaching $203.82. The stock had a trading volume of 2,144,352 shares, compared to its average volume of 5,888,944. The stock has a market cap of $217.35 billion, a PE ratio of 34.01, a PEG ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The business has a 50-day moving average of $194.04 and a 200-day moving average of $186.92.

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, beating analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Monday, March 10th. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio is currently 22.40%.

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.