Arthur M. Cohen & Associates LLC Purchases 220 Shares of GE Aerospace (NYSE:GE)

Arthur M. Cohen & Associates LLC lifted its position in GE Aerospace (NYSE:GE) by 5.5% in the first quarter, HoldingsChannel.com reports. The firm owned 4,185 shares of the company’s stock after acquiring an additional 220 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in GE Aerospace were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its stake in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares in the last quarter. Golden State Equity Partners grew its position in GE Aerospace by 255.2% in the fourth quarter. Golden State Equity Partners now owns 1,236 shares of the company’s stock valued at $206,000 after acquiring an additional 888 shares during the period. Boston Trust Walden Corp grew its position in GE Aerospace by 6.5% in the fourth quarter. Boston Trust Walden Corp now owns 5,739 shares of the company’s stock valued at $957,000 after acquiring an additional 350 shares during the period. Finally, 1858 Wealth Management LLC raised its stake in GE Aerospace by 19.8% during the fourth quarter. 1858 Wealth Management LLC now owns 9,268 shares of the company’s stock worth $1,546,000 after acquiring an additional 1,529 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of GE Aerospace from $220.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Two equities research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $221.15.

GE Aerospace Stock Performance

GE Aerospace stock opened at $250.97 on Thursday. The company has a market cap of $267.63 billion, a PE ratio of 41.90, a PEG ratio of 2.59 and a beta of 1.38. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $253.06. The company’s 50-day moving average is $207.88 and its two-hundred day moving average is $195.04.

GE Aerospace (NYSE:GE) last announced 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 business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. Equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Transactions at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the firm’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 sale, the vice president now owns 11,540 shares of the company’s stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares of the company’s stock, valued at $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 owned by corporate insiders.

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.