Premier Path Wealth Partners LLC Lowers Position in GE Aerospace (NYSE:GE)

Premier Path Wealth Partners LLC lessened its holdings in shares of GE Aerospace (NYSE:GE) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,128 shares of the company’s stock after selling 1,025 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in GE Aerospace were worth $2,628,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sendero Wealth Management LLC lifted its position in GE Aerospace by 526.6% in the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company’s stock worth $3,004,000 after buying an additional 12,613 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of GE Aerospace during the fourth quarter worth approximately $795,000. National Bank of Canada FI raised its stake in shares of GE Aerospace by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company’s stock worth $177,535,000 after acquiring an additional 29,844 shares in the last quarter. National Pension Service lifted its holdings in shares of GE Aerospace by 1.7% in the 4th quarter. National Pension Service now owns 2,254,637 shares of the company’s stock worth $376,051,000 after acquiring an additional 37,884 shares during the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in shares of GE Aerospace in the 4th quarter valued at $507,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Transactions at GE Aerospace

In other GE Aerospace news, 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 transaction of $321,473.34. Following the completion of the sale, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $807,379.92. Following the sale, the vice president now directly owns 11,540 shares of the company’s stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

GE Aerospace Price Performance

Shares of GE stock opened at $235.83 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The stock has a market cap of $251.48 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 2.84 and a beta of 1.38. The business’s fifty day moving average is $219.70 and its 200 day moving average is $199.37. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47.

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, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. Research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GE has been the subject of several analyst reports. Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. UBS Group increased their price objective 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 set a $275.00 target price on shares of GE Aerospace and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Finally, Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average target price 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.