RB Capital Management LLC Purchases 1,404 Shares of GE Aerospace (NYSE:GE)

RB Capital Management LLC increased its position in shares of GE Aerospace (NYSE:GE) by 77.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,228 shares of the company’s stock after acquiring an additional 1,404 shares during the quarter. RB Capital Management LLC’s holdings in GE Aerospace were worth $538,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GE. New Age Alpha Advisors LLC lifted its stake 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 acquiring an additional 84 shares during the period. Hager Investment Management Services LLC bought a new position in shares of GE Aerospace in the 4th quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace in the 4th quarter valued at about $28,000. Sugar Maple Asset Management LLC bought a new position in shares of GE Aerospace in the 4th quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Down 0.7%

Shares of GE Aerospace stock opened at $233.56 on Thursday. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $237.30. The business has a 50-day moving average of $200.56 and a two-hundred day moving average of $190.76. The company has a market capitalization of $249.07 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.06 billion. As a group, equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on GE. Bank of America raised their target price on shares of 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 objective on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Citigroup dropped their price objective on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Redburn Atlantic assumed coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $216.92.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

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.