Vident Advisory LLC Boosts Stock Holdings in GE Aerospace (NYSE:GE)

Vident Advisory LLC lifted its stake in shares of GE Aerospace (NYSE:GE) by 228.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,059 shares of the company’s stock after purchasing an additional 74,453 shares during the period. Vident Advisory LLC’s holdings in GE Aerospace were worth $17,857,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vivaldi Capital Management LP lifted its holdings in GE Aerospace by 5.4% in the fourth quarter. Vivaldi Capital Management LP now owns 7,470 shares of the company’s stock valued at $1,246,000 after acquiring an additional 383 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in GE Aerospace by 11.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 15,618 shares of the company’s stock valued at $2,605,000 after acquiring an additional 1,606 shares during the last quarter. St. Clair Advisors LLC acquired a new position in GE Aerospace in the fourth quarter valued at approximately $467,000. Two Sigma Advisers LP lifted its stake in GE Aerospace by 45.5% during the fourth quarter. Two Sigma Advisers LP now owns 111,013 shares of the company’s stock worth $18,516,000 after purchasing an additional 34,700 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in GE Aerospace by 32.1% during the fourth quarter. Temasek Holdings Private Ltd now owns 302,326 shares of the company’s stock worth $50,425,000 after purchasing an additional 73,419 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of GE opened at $231.86 on Monday. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $232.32. The company has a market capitalization of $247.25 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The firm has a 50-day simple moving average of $198.19 and a 200-day simple moving average of $189.71. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

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

Analysts Set New Price Targets

GE has been the topic of a number of research reports. Bank of America upped their price target on GE Aerospace from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Northcoast Research raised GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company increased their target price on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $220.00 target price on shares of GE Aerospace in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $216.92.

Insider Transactions at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction 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. The trade was a 15.39% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

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.