Vise Technologies Inc. Acquires 5,291 Shares of GE Aerospace (NYSE:GE)

Vise Technologies Inc. boosted its holdings in shares of GE Aerospace (NYSE:GE) by 44.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,171 shares of the company’s stock after purchasing an additional 5,291 shares during the period. Vise Technologies Inc.’s holdings in GE Aerospace were worth $2,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Beaumont Financial Advisors LLC lifted its stake in shares of GE Aerospace by 5.4% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,957 shares of the company’s stock valued at $493,000 after acquiring an additional 152 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of GE Aerospace by 1.4% in the 4th quarter. Simon Quick Advisors LLC now owns 5,806 shares of the company’s stock valued at $968,000 after acquiring an additional 81 shares during the last quarter. XML Financial LLC lifted its stake in shares of GE Aerospace by 4.1% in the 4th quarter. XML Financial LLC now owns 5,737 shares of the company’s stock valued at $957,000 after acquiring an additional 226 shares during the last quarter. Dakota Wealth Management lifted its stake in shares of GE Aerospace by 10.4% in the 4th quarter. Dakota Wealth Management now owns 8,924 shares of the company’s stock valued at $1,489,000 after acquiring an additional 838 shares during the last quarter. Finally, Advisory Alpha LLC lifted its stake in shares of GE Aerospace by 9.6% in the 4th quarter. Advisory Alpha LLC now owns 2,684 shares of the company’s stock valued at $448,000 after acquiring an additional 236 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Down 1.4%

Shares of NYSE:GE opened at $230.16 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $201.12 and a 200 day simple moving average of $191.16. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $237.30. The firm has a market cap of $245.44 billion, a P/E ratio of 38.42, a P/E/G ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results 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 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup dropped their price target on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company increased their price target on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. UBS Group increased their price target 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 reiterated an “outperform” rating and issued a $220.00 price target on shares of GE Aerospace in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. raised their target price on GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.92.

Insiders Place Their Bets

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 value of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were 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 owns 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. This represents a 15.39% 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.

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.