GE Aerospace (NYSE:GE) Shares Sold by Western Financial Corp CA

Western Financial Corp CA decreased its stake in shares of GE Aerospace (NYSE:GE) by 5.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,635 shares of the company’s stock after selling 880 shares during the period. GE Aerospace makes up 1.7% of Western Financial Corp CA’s holdings, making the stock its 6th biggest holding. Western Financial Corp CA’s holdings in GE Aerospace were worth $2,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GE. Brighton Jones LLC lifted its stake in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC raised its holdings in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in GE Aerospace during the 4th quarter valued at about $507,000. Los Angeles Capital Management LLC grew its position in shares of GE Aerospace by 33.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 165,509 shares of the company’s stock worth $27,605,000 after buying an additional 41,521 shares during the period. Finally, FFT Wealth Management LLC bought a new stake in shares of GE Aerospace during the fourth quarter worth approximately $338,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Up 0.4%

Shares of GE stock opened at $249.86 on Thursday. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $257.47. The company has a market capitalization of $266.45 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 3.00 and a beta of 1.38. The firm has a 50 day moving average price of $225.79 and a two-hundred day moving average price of $201.64. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. As a group, analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 transaction of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares of the company’s stock, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now directly owns 11,540 shares of the company’s stock, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group upped their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Citigroup cut 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 report on Thursday, April 10th. Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company lifted their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.