Southern Capital Advisors LLC Reduces Holdings in GE Aerospace (NYSE:GE)

Southern Capital Advisors LLC decreased its stake in shares of GE Aerospace (NYSE:GE) by 12.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,127 shares of the company’s stock after selling 1,125 shares during the period. GE Aerospace accounts for 0.9% of Southern Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Southern Capital Advisors LLC’s holdings in GE Aerospace were worth $1,627,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. FORM Wealth Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter worth about $1,155,000. Lazari Capital Management Inc. lifted its holdings in GE Aerospace by 9.3% during the 1st quarter. Lazari Capital Management Inc. now owns 3,043 shares of the company’s stock worth $609,000 after purchasing an additional 259 shares in the last quarter. Legacy Advisors LLC lifted its holdings in GE Aerospace by 70.7% during the 1st quarter. Legacy Advisors LLC now owns 11,334 shares of the company’s stock worth $2,269,000 after purchasing an additional 4,694 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in GE Aerospace by 5.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 468,175 shares of the company’s stock worth $93,705,000 after purchasing an additional 24,810 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in GE Aerospace by 186.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,044 shares of the company’s stock worth $3,011,000 after purchasing an additional 9,800 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Activity at GE Aerospace

In related news, 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 transaction of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on 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 owns 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $248.18 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $264.66 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38. The business’s 50-day moving average price is $223.18 and its 200-day moving average price is $200.97. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate 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 return on equity of 29.15% and a net margin of 17.63%. Sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on GE shares. Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Citigroup decreased their target price on GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Northcoast Research lowered GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. UBS Group upped their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. Two 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, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $221.15.

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.