Pacific Sage Partners LLC Makes New $236,000 Investment in GE Aerospace (NYSE:GE)

Pacific Sage Partners LLC purchased a new stake in GE Aerospace (NYSE:GE) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,179 shares of the company’s stock, valued at approximately $236,000.

Several other large investors have also modified their holdings of GE. New Age Alpha Advisors LLC lifted its stake in shares of GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of GE Aerospace in the 4th quarter valued at $28,000. Putney Financial Group LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at $28,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at $29,000. Finally, Copia Wealth Management lifted its stake in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Up 3.7%

GE Aerospace stock opened at $248.18 on Tuesday. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47. The stock has a 50 day moving average of $223.18 and a two-hundred day moving average of $200.97. 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 stock has a market capitalization of $264.66 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 2.89 and a beta of 1.38.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GE shares. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an “outperform” rating in a report on Tuesday, June 3rd. Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped 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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $221.15.

Insiders Place Their Bets

In other news, SVP Mohamed Ali sold 1,602 shares of the firm’s 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction that occurred 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 sale, 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. 0.21% of the stock is owned by insiders.

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.