Tiff Advisory Services LLC trimmed its position in shares of GE Aerospace (NYSE:GE – Free Report) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,533 shares of the company’s stock after selling 2,407 shares during the period. GE Aerospace accounts for approximately 0.6% of Tiff Advisory Services LLC’s investment portfolio, making the stock its 15th biggest position. Tiff Advisory Services LLC’s holdings in GE Aerospace were worth $3,244,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new position in GE Aerospace during the third quarter worth $25,000. Abich Financial Wealth Management LLC acquired a new position in GE Aerospace during the third quarter worth $32,000. Tucker Asset Management LLC acquired a new position in GE Aerospace during the fourth quarter worth $32,000. Redmont Wealth Advisors LLC acquired a new position in GE Aerospace during the third quarter worth $36,000. Finally, Strengthening Families & Communities LLC acquired a new position in GE Aerospace during the third quarter worth $38,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.
GE Aerospace Trading Up 0.1%
GE opened at $302.13 on Friday. GE Aerospace has a twelve month low of $228.01 and a twelve month high of $348.48. The company has a 50-day simple moving average of $294.35 and a 200 day simple moving average of $305.35. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $315.22 billion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 2.81 and a beta of 1.36.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on GE. Jefferies Financial Group set a $365.00 target price on shares of GE Aerospace in a report on Sunday, April 26th. Wells Fargo & Company began coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 target price on the stock. Daiwa Securities Group initiated coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price on the stock. President Capital reduced their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, Sanford C. Bernstein lifted their price objective on shares of GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $348.22.
View Our Latest Report on GE Aerospace
About GE Aerospace
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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