Schonfeld Strategic Advisors LLC Sells 3,974 Shares of GE Aerospace (NYSE:GE)

Schonfeld Strategic Advisors LLC cut its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 56.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,118 shares of the company's stock after selling 3,974 shares during the period. Schonfeld Strategic Advisors LLC's holdings in GE Aerospace were worth $520,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC raised its holdings in shares of GE Aerospace by 7.1% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 2,459 shares of the company's stock valued at $410,000 after acquiring an additional 163 shares during the period. ST Germain D J Co. Inc. lifted its holdings in shares of GE Aerospace by 20.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 9,693 shares of the company's stock valued at $1,617,000 after purchasing an additional 1,656 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of GE Aerospace by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 21,719 shares of the company's stock worth $3,623,000 after buying an additional 534 shares during the period. HBW Advisory Services LLC grew its holdings in shares of GE Aerospace by 8.9% during the fourth quarter. HBW Advisory Services LLC now owns 2,246 shares of the company's stock valued at $375,000 after buying an additional 183 shares in the last quarter. Finally, Graypoint LLC boosted its position in GE Aerospace by 3.4% during the 4th quarter. Graypoint LLC now owns 8,624 shares of the company's stock worth $1,438,000 after acquiring an additional 282 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Wednesday, April 9th. Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company boosted their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and an average target price of $216.92.

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

GE Aerospace Price Performance

Shares of GE Aerospace stock traded up $0.34 during mid-day trading on Friday, reaching $214.83. 3,777,196 shares of the stock were exchanged, compared to its average volume of 5,357,853. The company has a market cap of $229.09 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $216.80. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a 50-day simple moving average of $195.24 and a 200 day simple moving average of $187.91.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates 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%. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

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.