Vista Investment Partners LLC Sells 200 Shares of GE Aerospace (NYSE:GE)

Vista Investment Partners LLC decreased its holdings in GE Aerospace (NYSE:GE) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,440 shares of the company’s stock after selling 200 shares during the period. Vista Investment Partners LLC’s holdings in GE Aerospace were worth $1,489,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in GE Aerospace in the 4th quarter valued at $2,375,439,000. GAMMA Investing LLC lifted its stake in shares of GE Aerospace by 23,611.7% during the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock worth $1,013,959,000 after buying an additional 5,044,632 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of GE Aerospace by 87.7% during the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company’s stock worth $597,412,000 after buying an additional 1,673,365 shares during the period. Invesco Ltd. boosted its holdings in shares of GE Aerospace by 14.4% during the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company’s stock worth $1,591,970,000 after buying an additional 1,204,910 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in GE Aerospace in the 4th quarter valued at about $194,208,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $236.38 on Tuesday. The firm has a 50 day moving average of $217.77 and a 200-day moving average of $198.86. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47. 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 market capitalization of $252.07 billion, a PE ratio of 39.46, a PEG ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction dated 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 directly owns 8,805 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the company’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 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 position. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of several research reports. Redburn Atlantic began coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. Wells Fargo & Company boosted 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. Royal Bank of Canada set a $275.00 target price on GE Aerospace and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Citigroup decreased their price target 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, Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.15.

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.