Vantus Wealth LLC purchased a new stake in GE Aerospace (NYSE:GE – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,751 shares of the company’s stock, valued at approximately $539,000.
Several other institutional investors have also recently added to or reduced their stakes in GE. Norges Bank acquired a new position in GE Aerospace in the 4th quarter valued at about $4,444,736,000. Capital World Investors increased its position in GE Aerospace by 16.2% in the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after acquiring an additional 2,995,054 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in GE Aerospace by 1,200.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock valued at $568,935,000 after acquiring an additional 1,705,005 shares during the period. CIBC Bancorp USA Inc. acquired a new position in GE Aerospace in the 3rd quarter valued at about $285,263,000. Finally, Vanguard Group Inc. increased its position in GE Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock valued at $28,564,097,000 after acquiring an additional 699,364 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.
GE Aerospace Price Performance
Shares of NYSE:GE opened at $324.41 on Tuesday. The business’s 50 day simple moving average is $296.32 and its 200-day simple moving average is $305.74. The firm has a market capitalization of $338.47 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 3.00 and a beta of 1.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. GE Aerospace has a 12 month low of $232.24 and a 12 month high of $348.48.
Wall Street Analyst Weigh In
GE has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective on the stock. Daiwa Securities Group initiated coverage on GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective on the stock. Morgan Stanley lowered their price objective on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Seaport Research Partners initiated coverage on GE Aerospace in a report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $348.22.
View Our Latest Stock Report on GE
GE Aerospace Company Profile
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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