GE Aerospace (NYSE:GE) Position Lowered by Park Edge Advisors LLC

Park Edge Advisors LLC reduced its position in GE Aerospace (NYSE:GE) by 33.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,982 shares of the company’s stock after selling 2,487 shares during the quarter. Park Edge Advisors LLC’s holdings in GE Aerospace were worth $997,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GE shares. Wells Fargo & Company boosted their target price 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. UBS Group boosted their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Royal Bank of Canada boosted their price target on GE Aerospace from $220.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.15.

Insiders Place Their Bets

In other news, VP Robert M. Giglietti sold 4,104 shares of the company’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 completion of the sale, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

GE Aerospace Price Performance

GE stock opened at $248.89 on Wednesday. GE Aerospace has a one year low of $150.20 and a one year high of $250.50. 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 market capitalization of $265.41 billion, a PE ratio of 41.55, a P/E/G ratio of 2.59 and a beta of 1.38. The firm has a 50-day moving average of $206.85 and a two-hundred day moving average of $194.65.

GE Aerospace (NYSE:GE) last released its quarterly earnings data 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. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, analysts forecast that GE Aerospace will post 5.4 earnings per share 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.