GE Aerospace (NYSE:GE) Holdings Reduced by TCI Fund Management Ltd.

TCI Fund Management Ltd. decreased its stake in shares of GE Aerospace (NYSE:GE) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,999,876 shares of the company’s stock after selling 2,180,500 shares during the quarter. GE Aerospace comprises 18.1% of TCI Fund Management Ltd.’s holdings, making the stock its largest position. TCI Fund Management Ltd. owned 4.29% of GE Aerospace worth $7,672,319,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC raised its position in GE Aerospace by 133.3% in the fourth 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 period. Hager Investment Management Services LLC purchased a new stake in GE Aerospace in the fourth quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new stake in GE Aerospace in the fourth quarter valued at $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in GE Aerospace in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group lifted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Northcoast Research raised GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $216.92.

Insider Buying and Selling

In other news, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction 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 approximately $2,270,264.20. This represents a 26.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now directly 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. 0.21% of the stock is currently owned by insiders.

GE Aerospace Trading Up 1.1%

GE opened at $231.86 on Friday. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $232.32. The stock has a market capitalization of $247.25 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 2.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The business has a fifty day moving average price of $198.19 and a 200 day moving average price of $189.58.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping 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 firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.06 billion. Sell-side analysts expect that GE Aerospace will post 5.4 earnings per share 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.