Jefferies Financial Group Inc. raised its holdings in GE Aerospace (NYSE:GE – Free Report) by 63.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,024 shares of the company’s stock after purchasing an additional 17,497 shares during the quarter. Jefferies Financial Group Inc.’s holdings in GE Aerospace were worth $13,869,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. MQS Management LLC bought a new position in GE Aerospace in the 4th quarter valued at $286,000. Planning Alternatives Ltd. ADV raised its position in GE Aerospace by 8.3% in the 4th quarter. Planning Alternatives Ltd. ADV now owns 1,027 shares of the company’s stock valued at $316,000 after purchasing an additional 79 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in GE Aerospace by 6.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,416 shares of the company’s stock valued at $2,901,000 after purchasing an additional 553 shares during the last quarter. New Millennium Group LLC raised its position in GE Aerospace by 1.2% in the 4th quarter. New Millennium Group LLC now owns 22,379 shares of the company’s stock valued at $6,893,000 after purchasing an additional 257 shares during the last quarter. Finally, Americana Partners LLC raised its position in GE Aerospace by 0.7% in the 4th quarter. Americana Partners LLC now owns 71,057 shares of the company’s stock valued at $21,888,000 after purchasing an additional 495 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.
GE Aerospace Trading Down 0.2%
GE stock opened at $302.13 on Monday. The company has a market cap of $315.22 billion, a P/E ratio of 37.21, a PEG ratio of 2.81 and a beta of 1.36. GE Aerospace has a twelve month low of $228.01 and a twelve month high of $348.48. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $294.35 and a 200-day moving average of $305.33.
Wall Street Analyst Weigh In
GE has been the subject of several research analyst reports. Daiwa Securities Group initiated coverage on GE Aerospace in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective for the company. Jefferies Financial Group set a $365.00 price objective on GE Aerospace in a research report on Sunday, April 26th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada restated an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a research report on Wednesday. Finally, Citigroup dropped their target price on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $348.22.
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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