Achmea Investment Management B.V. Lowers Stock Holdings in GE Aerospace (NYSE:GE)

Achmea Investment Management B.V. cut its holdings in shares of GE Aerospace (NYSE:GE) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,074 shares of the company’s stock after selling 745 shares during the quarter. Achmea Investment Management B.V.’s holdings in GE Aerospace were worth $23,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GE. Brighton Jones LLC boosted its holdings in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of GE Aerospace by 2.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 6,367 shares of the company’s stock valued at $1,064,000 after buying an additional 168 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth approximately $352,000. Finally, NewEdge Wealth LLC increased its stake in shares of GE Aerospace by 5.2% in the fourth quarter. NewEdge Wealth LLC now owns 9,962 shares of the company’s stock worth $1,662,000 after buying an additional 488 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of NYSE GE opened at $251.47 on Friday. The business’s fifty day moving average price is $227.18 and its two-hundred day moving average price is $202.19. The firm has a market capitalization of $268.16 billion, a PE ratio of 39.11, a P/E/G ratio of 3.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $257.47.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. On average, research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup reduced their price objective 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. Northcoast Research cut shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an “outperform” rating in a report on Tuesday, June 3rd. UBS Group increased their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Two equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $221.15.

Insider Activity at GE Aerospace

In related 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 value of $321,473.34. Following the transaction, the senior vice president now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction dated 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 represents a 26.23% 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.

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.