Compagnie Lombard Odier SCmA Sells 918 Shares of GE Aerospace (NYSE:GE)

Compagnie Lombard Odier SCmA reduced its stake in shares of GE Aerospace (NYSE:GE) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,853 shares of the company’s stock after selling 918 shares during the period. Compagnie Lombard Odier SCmA’s holdings in GE Aerospace were worth $4,574,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC lifted its position in GE Aerospace by 133.3% in 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 in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of GE Aerospace in the 4th quarter valued at about $28,000. Putney Financial Group LLC bought a new stake in shares of GE Aerospace in the fourth quarter valued at about $28,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of GE Aerospace during the fourth quarter worth about $29,000. Finally, Picton Mahoney Asset Management boosted its position in shares of GE Aerospace by 62.4% during the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the company’s stock worth $30,000 after buying an additional 68 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Redburn Atlantic began coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. UBS Group boosted their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Citigroup decreased 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. Finally, Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.15.

GE Aerospace Stock Performance

NYSE GE opened at $245.38 on Thursday. The firm has a market capitalization of $261.67 billion, a P/E ratio of 40.97, 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 firm’s fifty day moving average price is $213.64 and its two-hundred day moving average price is $197.47. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $257.47.

GE Aerospace (NYSE:GE) last released its quarterly earnings data 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 company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. As a group, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

Insiders Place Their Bets

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction 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 completion of the transaction, the vice president now directly owns 11,540 shares of the company’s stock, valued at $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 8,805 shares in the company, 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. Company 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.