GAM Holding AG Has $5.64 Million Stock Holdings in GE Aerospace (NYSE:GE)

GAM Holding AG lifted its position in shares of GE Aerospace (NYSE:GE) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,175 shares of the company’s stock after purchasing an additional 166 shares during the period. GAM Holding AG’s holdings in GE Aerospace were worth $5,639,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Copia Wealth Management increased its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. New Age Alpha Advisors LLC grew its stake 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 buying an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in GE Aerospace in the 4th quarter valued at about $28,000. Putney Financial Group LLC acquired a new position in GE Aerospace in the 4th quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in GE Aerospace in the 4th quarter valued at about $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $238.91 on Friday. The company’s 50 day moving average price is $221.93 and its two-hundred day moving average price is $200.15. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $257.47. The firm has a market cap of $254.78 billion, a PE ratio of 37.16, a PEG ratio of 2.85 and a beta of 1.38. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GE. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Citigroup decreased their price target 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. Wells Fargo & Company upped their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. UBS Group upped their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the company an “outperform” rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $221.15.

Insiders Place Their Bets

In related news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

GE Aerospace Company Profile

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.