GE Aerospace (NYSE:GE) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI lowered its stake in shares of GE Aerospace (NYSE:GE) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,373 shares of the company’s stock after selling 751 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in GE Aerospace were worth $7,080,000 at the end of the most recent quarter.

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

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This trade 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 Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup dropped their target price on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Royal Bank of Canada set a $275.00 price objective on shares of GE Aerospace and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Finally, Redburn Atlantic assumed coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $221.15.

GE Aerospace Stock Performance

GE Aerospace stock opened at $236.38 on Tuesday. The stock has a market cap of $252.07 billion, a P/E ratio of 39.46, a price-to-earnings-growth 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. The stock has a 50 day moving average of $217.77 and a 200-day moving average of $198.86. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $257.47.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The company 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 22.19% and a net margin of 14.31%. On average, analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

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.