GE Aerospace (NYSE:GE) Shares Acquired by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC grew its stake in GE Aerospace (NYSE:GE) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,826 shares of the company’s stock after buying an additional 768 shares during the period. Plimoth Trust Co. LLC’s holdings in GE Aerospace were worth $2,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GE. Vanguard Group Inc. boosted its holdings in shares of GE Aerospace by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 89,815,318 shares of the company’s stock valued at $14,980,297,000 after acquiring an additional 410,172 shares during the last quarter. FMR LLC lifted its position in GE Aerospace by 1.5% during the fourth quarter. FMR LLC now owns 66,823,968 shares of the company’s stock valued at $11,145,570,000 after purchasing an additional 965,012 shares during the period. Geode Capital Management LLC lifted its position in GE Aerospace by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company’s stock valued at $3,846,587,000 after purchasing an additional 529,457 shares during the period. Norges Bank purchased a new stake in GE Aerospace in the fourth quarter valued at $2,375,439,000. Finally, Northern Trust Corp grew its position in GE Aerospace by 5.8% during the 4th quarter. Northern Trust Corp now owns 10,046,867 shares of the company’s stock worth $1,675,717,000 after purchasing an additional 553,104 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 sale, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value 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. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

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

GE Aerospace Stock Up 0.0%

Shares of GE opened at $235.83 on Thursday. The firm has a market cap of $251.48 billion, a P/E ratio of 36.68, a PEG ratio of 2.84 and a beta of 1.38. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47. The stock’s 50 day moving average is $219.70 and its two-hundred day moving average is $199.37. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

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.