Bath Savings Trust Co Sells 1,973 Shares of GE Aerospace (NYSE:GE)

Bath Savings Trust Co lowered its holdings in GE Aerospace (NYSE:GE) by 26.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,471 shares of the company’s stock after selling 1,973 shares during the period. Bath Savings Trust Co’s holdings in GE Aerospace were worth $1,095,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its holdings in GE Aerospace by 133.3% in the 4th 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 during the period. Hager Investment Management Services LLC bought a new stake in GE Aerospace in the 4th quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in GE Aerospace in the 4th quarter valued at about $28,000. Putney Financial Group LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth approximately $29,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE stock opened at $244.14 on Friday. The company has a 50 day simple moving average of $204.52 and a 200 day simple moving average of $193.17. The stock has a market cap of $260.34 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $246.00. 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 released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) 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 analysts’ expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the company’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 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 disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group upped their price target 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. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Citigroup cut their price target on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $220.00 price target on shares of GE Aerospace in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $216.92.

About GE Aerospace

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.